The SilverNeedle Hospitality Group and Fijian-based Reddy Group paid $56 million, according to the AFR, for Abacus Lennon’s Plaza. An office component, opposite the Myer Centre, is expected to be converted into a hotel. Lower level retail space will be refurbished.
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A freelance property analyst and journalist, Marc is a co-founder of realestatesource.com.au.