A 43-level apartment tower opposite the Treasury Gardens will give residents of the 270 apartments a choice of views that take in some of Melbourne's most famous landmarks.
The Newman government has signed a $562 million deal to sell the bulk of its office buildings in Brisbane’s CBD to Queensland Investment Corporation – a move that will leave Premier Campbell Newman open to claims he has broken a promise not to sell assets before the 2015 election.
Cbus Property is scouring for other development sites as it prepares to officially launch Melbourne's newest high-end residential apartment tower.
Global funds giant Invesco has taken a half stake, worth about $115 million, in the new police complex on Melbourne’s Docklands being developed by Cbus Property.
Iconic fashion label Dolce & Gabbana will occupy the space at the front of the heritage-listed Mayfair Building, which is currently undergoing a $280 million redevelopment by Charter Hall and Cbus Property at the Paris end of Collins Street.
While builders expect the construction industry to improve in the medium term, confidence is still struggling, Master Builders Australia says.
The eastern end of Melbourne’s CBD has been regarded as the top end of town since the 1880s. It is an easy reputation to spot, given the ornate architecture, hatted restaurants and exclusive brands along the likes of Collins Street and Flinders Lane.