Expert insights Melbourne's Duke of Kent hotel sells to Singaporean developer Investing Melbourne's Duke of Kent hotel sells to Singaporean developer Melbourne's Duke of Kent hotel sells to Singaporean developer

Melbourne's Duke of Kent hotel sells to Singaporean developer

Melbourne's Duke of Kent hotel sells to Singaporean developer
Jonathan ChancellorDecember 7, 2020

The Singaporean developer Fig Tree Holdings has purchased the Duke of Kent hotel  development site in central Melbourne.

The $14.08 million sale was through DTZ by private investors George Yankos, Antigone Yankos and Lambros Yankos.

Figtree Holdings Ltd is incorporated in Singapore with Danny Siaw its executive chairman.

Siaw and another of its board members have had tertiary education in Australia. Siaw started his career in November 1990 as a site engineer with Civil & Civic Pty Ltd. He holds a Bachelor of Building from the University of Melbourne.

The 503 square metre Melbourne CBD site is at 293 to 299 LaTrobe Street with frontages to Sutherland Street and Flanigan Lane.

It came with a preliminary development scheme for 322 apartments and ground floor retail.

Jonathan Chancellor

Jonathan Chancellor is one of Australia's most respected property journalists, having been at the top of the game since the early 1980s. Jonathan co-founded the property industry website Property Observer and has written for national and international publications.
Tags:
Hotel
Melbourne

Editor's Picks

We're on a mission to radically improve the quality of Urban communities being developed across Australia.

We aim to showcase every development in Australia to help you find the perfect new home!