The Rich Lister Tarascio family have decided to divest a Melbourne CBD office block complete with planning approval for a 52-storey building as they turn their focus to developing the city's largest intermodal terminal.
The Tarascio-owned Salta Properties swooped on the 13-storey tower at 63 Exhibition Street in the city's east end in 2014 before preparing an ambitious proposal for a 64-level high-rise apartment and hotel tower.
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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
