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 lower level Australia on Collins Shopping Centre.

Thakral Holdings offloaded the assets after late last month withdrawing two other investments, in Queensland, from sale.

Those properties were also expected to reap about $200 million.

The 260 Collins Street acquisitions come a month after LaSalle bought into a Sydney residential project with Leighton Properties.

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Marc Pallisco

A former property analyst and print journalist, Marc is the publisher of