KUALA LUMPUR: UEM Sunrise Bhd

via its wholly-owned subsidiary UEM Sunrise (Collingwood Development) Pty Ltd has secured an investor for its A$315.4mil (RM903.3mil) build-to-rent project in Collingwood, Melbourne.

In a statement, the group said the project had secured the backing of Australian living-sector specialist Kio Investment Management, which is a joint venture between US private equity firm, Warburg Pincus, and long-term Australia industry specialist, Sam Bisla.