Mar 22, 2018 Last Updated 10:48 AM, Mar 21, 2018

New Entry From the Editor :

Glencore acquires $1.7 billion Hail Creek coal mine as rivals exit the industry

Glencore acquires $1.7 billion…

AusBN - Glencore will purchase Rio Tinto’s Hail Creek coal mine in Qu...

TPG Telecom H1 profit dips 11% to under $200 million

TPG Telecom H1 profit dips 11%…

AusBN - Telecommunications firm TPG Telecom has posted a first-half net pro...

Australian junior Raiden Resources strikes momentous deal with Rio Tinto

Australian junior Raiden Resou…

AusBN - Raiden Resources (ASX:RDN) will enter a joint venture with Rio Tint...

Planning permission approved for Australia’s tallest tower

melbourne cityAusBNAusBN - Melbourne’s skyline will welcome a new skyscraper to its ranks - a six-star, 90-storey hotel and apartment complex, which will become Australia’s tallest building.

The AUS$1.75 billion development will be built by casino operator Crown Melbourne, featuring 388 hotel rooms and 708 residential apartments, located in close proximity to Crown Casino in Southbank.

Plans to redevelop the Queensbridge Square area and Sandbridge Rail Bridge are also part of the project and will begin in 12 months following planning approval from the Victorian government.

Other planned upgrades to the surrounding area include landscaping on Southbank Boulevard, a new bike strip, street furniture and more trees along Queensbridge Street.

"This is by far and away, at $1.75 billion in construction, the biggest development the city has ever seen, perhaps the biggest the nation has ever seen," Premier Daniel Andrews said.

"What we're really approving is 4,000 jobs for construction workers and for those in the hospitality sector, in the construction phase and for the future.”

The skyscraper will stand at 323 metres high, just taller than Australia’s current tallest building – the 322.5 metre Q1 tower in Surfer’s Paradise, Queensland.


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