Sydney - Tuesday - June 21: (RWE Australian Business News) -...

Sydney - Tuesday - June 21: (RWE Australian Business News) -
Sunland Group (ASX code: SDG) has received approval from VCAT to develop
its 23-storey St Kilda Road II project in Melbourne.
The $105 million joint venture project with the Pellicano Group
will comprise 92 apartments with a mix of two and three bedrooms,
targeting the luxury owner-occupier market.
Some small specialty retail will be at the base of the boutique
apartment building.
Marketing of the new project will start early next year with
construction expected to commence around mid-year and a completion date
towards the end of 2008.
Apartments will average $1 million.