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Shine on you crazy diamond

Shine on you crazy diamond

Maddocks has helped a Singaporean jewellery firm purchase the soon-to-be tallest building in Melbourne.

Firms: Maddocks (Aspial Corporation); Colman Legal (Vendors)

Deal: Purchase of the Australia 108 Building at the Southbank Boulevard.

Area: Property

Value: $42.3 million

Key Players: Maddocks partner Nick Holuigue (pictured) led his firm’s team, while Adrian Colman from conveyancing specialists Colman Legal acted for the vendors.

Deal Significance: The Australia 108 Building at the Southbank Boulevard is set to be the tallest building in Melbourne, with new owner Aspial looking to construct a 312-metre-tall residential and commercial tower on the site.

Initially it wanted to build a 388-metre-tall building, but that was knocked on the head to avoid the emergency flight path into Essendon Airport.

The Aspial Corporation owns a range of jewellery boutiques in Singapore, and is the only listed jeweller on the Singapore Exchange.

“We're delighted to be working with Aspial on such a signature project. On completion, this development will be a significant asset to the Melbourne skyline,” said Holuigue.

Like this story? Read more:

QLS condemns actions of disgraced lawyer as ‘stain on the profession’

NSW proposes big justice reforms to target risk of reoffending

The legal budget breakdown 2017

Shine on you crazy diamond
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