Australia's tallest tower to be built in Melbourne

Image
IANS Melbourne
Last Updated : Feb 09 2017 | 8:42 AM IST

The city of Melbourne will soon be home to Australia's tallest building after a 90-storey, six-star hotel was approved by the Victoria state government on Thursday.

The 323-metre building, which will form part of the Crown Casino complex on Melbourne's Southbank, will cost $1.3 billion to build and will feature 388 hotel rooms and 708 apartments, Xinhua news agency reported.

Daniel Andrews, Victoria's Premier, said the plans were approved after Crown agreed to spend $75 million improving street level amenities near the site of the new tower.

The tower would transform Melbourne's skyline and increase the city's capacity to host major events, Andrews told reporters on Thursday.

The project's ability to create jobs for Victoria was another key factor in the approval, he said.

"What we're really approving is 4,000 jobs ... for construction workers and for those in the hospitality sector, in the construction phase and for the future," he said.

Todd Nisbet, Crown Resorts executive vice-president of strategy and development, said Crown's three existing Melbourne hotels were currently running at over 90 per cent occupancy.

"The proposed addition of this luxury hotel will also assist Melbourne to meet its future tourist accommodation demands, with Crown being able to offer over 2,000 guest rooms and suites upon completion," Nisbet said.

--IANS

ksk

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Feb 09 2017 | 8:30 AM IST

Next Story