Arnold Bloch Leibler has acted for TMG Developments on the sale of one of Melbourne’s most recognised buildings – the Hotel Lindrum – to real estate developer Time and Place.
As reported in the Australian Financial Review, the property has a planning permit for a 30-level mixed use development and is anticipated to become one of Melbourne’s major revitalisation projects for 2022.
Property & Development partner Gia Cari, who advised on the deal with senior associate Grace Cho, commented: “We congratulate both TMG Developments and Time and Place on this milestone transaction, which will see the rejuvenation of a historically significant property in the heart of Melbourne. “
To find out more about the deal, view the AFR’s recent coverage here.
