Wednesday, 8 March 2017
Victoria Melbourne Hotel Sold (www.smh.com.au) UOL Group has acquired the 396 room Hilton South Wharf Hotel at 2 Convention Centre Place, Melbourne for $230 million ($580,808/room). The property is subject to a 99-year leasehold, with 91 years remaining. The Hilton will be rebranded to a Pan Pacific within the next 3 months. Clyde Englobo Development Site Sold (www.smh.com.au) Villa World has acquired a 42ha englobo development site on Pattersons Road, Clyde for $33 million (