Australia has been identified as one of the preferred markets in the Asia Pacific among hotel buyers but stock remains tight despite major sales being struck in Melbourne and Sydney.
Those who bought off the plan in 2015 will soon see investment.
Global hotel chain Marriott International will add a funky W Hotel to Melbourne after striking a deal with developer
Cbus Property to open a hotel in the $1 billion-plus mixed-use luxury Collins Arch precinct within three years.
The $650M 1 William Street Project is a landmark 46-level premium grade office tower, featuring an iconic lobby area with unique sky gardens and is deisne with a minimum 5.0 Star Green Office Design Rating v3 and a 5.0 Star NABES Energy Rating.
Cbus Property's announcement prior to Christmas that it had signed a third tenant for its $1 billion Collins Arch project takes the amount of floor area leased to 20,000sqm or just over 40%. Australian law firm Gadens has committed to 5,000sqm of space over levels 11-13, equating to just over 10 per cent of the 49,000 square meters available.
A new blast-proof and ram raid-proof tower in Melbourne CBD will be Victoria Police's "nerve centre" when construction finishes in 2020.
Melbourne's top-flight legal eagles are flocking to the $1.25 billion Cbus Property project in Collins Street, with a third big firm signing on to anchor the landmark tower.
The Queensland Government has held its first Cabinet meeting in its brand new tower at 1 William Street in Brisbane's CBD.
Spencer Street is set to become the crime-fighting centre of Melbourne with the state government agreeing leasing terms for a major new office tower next to the current City West police headquarters.
Cbus Property's controversial planned riverside apartment tower in Brisbane has had strong early sales results despite some concerns about an oversupply in the city.