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Famed Morning Star estate sold to international buyer

Famed Morning Star estate sold to international buyer

An international businessman has snapped up Mount Eliza’s famed Morning Star estate, about three months after it hit the market for $40m. The mystery man with “property interests around the world” fought off competition from … Read more

Major retailer sets $8.7m aside to close 350 stores

Major retailer sets $8.7m aside to close 350 stores

Solomon Lew has added some teeth to his years of threats of walking away from bricks-and-mortar stores unless rents are lowered to reflect the new realities of shopping behaviour, with his Premier Investments booking $8.7m in charges to prepare for the possible closure of 350 stores across Australia and New Zealand. Read more

2000-room hotel portfolio on offer in $600m COVID sale

2000-room hotel portfolio on offer in $600m COVID sale

Two of the nation’s largest hotel portfolios have simultaneously hit the market with the Mirvac and NRMA Tucker Box Hotel Group joint venture on offer at around $600m, as hotel profits continue to plunge. Read more