The Malaysian-listed TA Enterprise Bhd has outlaid more than $160 million to acquire Melbourne’s premier hotel, the Westin Melbourne.
THE five-star Westin Hotel is being put up for sale in what could be one of the biggest property transactions in Melbourne in more than a year. Industry sources say the eight-year-old building on Swanston Street's City Square is expected to fetch from $175 million to $200 million
TWO towers are the last piece of the Docklands planning puzzle in a $700 million project announced yesterday. Planning Minister Justin Madden said the five-building project would become a gateway to the Docklands and create 7000 jobs when finished.
A joint venture by the Magid Family’s TMG Developments and AMCO Capital has triumphed over a field of 11 other local and international bidders to acquire the Harbour Rocks Hotel of Sydney and the Lindrum Hotel of Melbourne. .
IN A sign of the tight Melbourne office rental market, Allens Arthur Robinson has joined the list of Melbourne businesses teeing up new headquarters in a building still under construction.
PROFESSIONAL services firm Deloitte will shift its state headquarters to a 19-level tower at 550 Bourke Street that Cbus Property is building. It is due for completion in October.