Kuwaiti sheikh wins latest round in Port Melbourne planning dispute
Jonathan ChancellorDecember 7, 2020
Kuwaiti sheikh Mubarak Abdullah Al-Mubarak Al-Sabah won a recent Victorian Civil and Administrative Tribunal (VCAT) hearing that granted permission to remove covenants on his Port Melbourne development site.
The sheikh owns developer Action Group Australia, which owns 1-5 Waterfront Place.
The company wants apartments possibly up to 10 storeys adjacent to the Station Pier entrance.
The covenants on the land's title were restricting the development.
The Kuwaiti billionaire bought the site for $21 million in 2007 through the Australian arm of the sheikh’s company that also operates hotels in Melbourne and Brisbane.
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.