The boulevard has seen a run of recent high-profile transactions including Chinese investment vehicle Runjiang Investment Group's debut purchase of 509 St Kilda Road for a record $163 million. In April last year, Abacus partnered with Singapore's Wing Tai to buy 464 St Kilda Road for $95.38 million and another Singapore-based group, Mapletree, snapped up 417 St Kilda Road from Newmark Capital for $144.4 million a year earlier. UEM reported earnings of $232 million from its Melbourne operations last calendar year. It has been progressively handing over apartments in one of the city's tallest and largest residential towers, Aurora Melbourne Central, in La Trobe Street. Phase 3 of the handover recorded a settlement rate of 98 per cent with 201 units worth $103.9 million transferred to buyers.