Tuan Sing secures permit for Melbourne CBD redevelopment
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Tuan Sing Holdings Limited, through its subsidiary Grand Hotel Group, has secured a planning permit for redeveloping its property at 121-131 Collins Street, Melbourne. The project will transform the site into a retail podium and a world-class hotel, while maintaining operations for current tenants. Expected to start early next year, the redevelopment aims to increase asset valuation and long-term returns by commanding higher face rents.
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