Thakral Sells Collins Street Hotel and Shopping Centre For $200 Million

LaSalle Investment has paid a speculated $200 million for the Novotel hotel on Collins Street, and neighbouring Australia on Collins Shopping Centre.

Thakral Holdings offloaded the assets, after late last month withdrawing two other assets, in Queensland, from sale. Those assets were also expected to reap the company about $200 million.

For LaSalle, the transaction follows it buying into a Sydney residential project, with Leighton Properties, last month.

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Marc Pallisco

A freelance property analyst and journalist, Marc is a co-founder of

Marc Pallisco

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