Asian investment firm iProsperity has found a Chinese-backed buyer for two linked properties in suburban Melbourne, the Century City Walk Shopping Centre and the adjoining 200-room Novotel Melbourne hotel, in a $150 million deal.
Title documents show the buyer, Chaolong Developments, to have links through a director to a Chinese property player, Runjiang Investment Group.
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Nick Lenaghan edits the property section, which covers all aspects, from residential real estate and housing and construction to commercial property – office, retail, industrial – and major ASX-listed developers and real estate investment trusts. Connect with Nick on Twitter. Email Nick at nlenaghan@afr.com
