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Receivers have seized control of the site for Australia’s planned tallest tower and put the $2.7bn Melbourne project up for sale after the developer failed to secure backing.
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The Australian

Good afternoon,

The lenders behind the soured scheme to build Australia’s tallest mixed-use project in Melbourne have put the site on the block, all but curtailing the original developer’s hopes for a $2.7bn high-rise scheme to rise on the site.

Under siege property data company Cotality has likened the “systematic and wholesale” corporate hacking its rival BCI has accused it of, to sharing Netflix passwords.

Fresh from its $300m acquisition of hotels and resorts across Uluru, American private equity-owned Journey Beyond is looking to add one of the Northern Territory’s most iconic properties, the Crocodile Hotel in Kakadu, to its burgeoning portfolio of tourism resorts.

Let me know what you think - wilmotb@theaustralian.com.au

Ben Wilmot
Commercial Property Editor
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