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Developer nets A$69m with Melbourne units

World Class Global's first phase of 134 apartments in its 56-storey Avant project are handed over to buyers

Published Tue, Mar 27, 2018 · 09:50 PM

Singapore

A BATCH of 134 completed residential units in a Melbourne project has landed World Class Global (WCG) A$69 million (S$69.92 million) in net sales proceeds, within four weeks of issuing a notice of settlement to purchasers, the property developer announced on Tuesday.

The batch represents the first phase of settlements in WCG's Avant project, a 56-storey residential tower located in the heart of Melbourne's central business district (CBD).

The remaining 69 units - out of the current batch of 203 completed residential units - totalling A$35.8 million will be progress…

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