Magna Prima plans project in Australia

KUALA LUMPUR: Magna Prima Bhd will embark on its maiden overseas venture in Melbourne, Australia, with a proposed A$210mil development, Dynasty Living.

The company said in a statement the 25-storey, single-tower apartment project would be built on a 2,700 sq m site. It will feature 320 units, inclusive of one to three-bedroom apartments, and a two-storey penthouse.

Construction is expected to commence in the fourth quarter and the development is expected to be completed in 2013.

By Bernama