Vol 11. No.163
Friday 27 August 2010
Economic Overview
|
Current |
+/- |
Movement |
| $AUS/$US |
88.75 |
+0.23 |
 |
| Cash Rate |
4.50 |
Steady |
 |
| 90 Day Bill |
4.72 |
-0.01 |
 |
| 10 Year Bond |
4.790 |
Steady |
|
| ASX 200 |
4356.0 |
+35.9 |
 |
NSW Property
Development plans for the former Hakoah Club approved (AFR Pg.54)
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The NSW government has approved the $89 million redevelopment of the former Hakoah Club on Hall Street at Bondi Beach.
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The project will include a 113 room serviced apartment hotel, 44 residential apartments, retail space, a restaurant, café and bar. There will also be a gym, pool, spa and basement parking.
-
The approval has 138 conditions.
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Toga purchased the site in 2007 for $18 million.
Sources: As above
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