Page 5 - Central Equity News Today

Allen Sammut is proceeding with the construction of a $200m luxury tower at Surfers Paradise, as others back out, despite rising costs crimping profits.

The latest predictions from consultancy RLB provide a hopeful sign for many players across construction.

Central Equity has abandoned plans to build a 56-story apartment block amid fears that “unprecedented” expenses would make it unprofitable.

The former 45.3ha farm, which can support almost 500 housing lots, was sold by the Verrocchi family to development giant Central Equity.

The “Metricon of Melbourne″⁣ settled almost all the 640-odd apartments in its highest tower to date and is moving confidently ahead with new projects.

Architecture news & editorial desk Melbourne Grand, a $470-million, 58-level high-rise residential apartment tower in Melbourne’s CBD is now complete with residents beginning to move into their new homes. Built by premier construction company Multiplex for the developer, Central Equity, Melbourne Grand, which stands 200 metres above street level, represents an impressive new landmark on the city’s skyline. Boasting a prime location at 560 Lonsdale Street in Melbourne’s CBD, Melbourne Gran...