Meriton Group looking to buy site for Melbourne serviced apartments

George Sell George Sell Uploaded 09 January 2014

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Australia: Meriton Group boss Harry Triguboff is seeking a central Melbourne site to build between 500 and 1,000 serviced apartments.

Meriton has a portfolio of 3100 serviced apartments in Sydney, Brisbane and the Gold Coast, and over the next 18 months it will build an additional 1000 serviced apartments in the Sydney suburbs of Chatswood, North Sydney, Mascot and Parramatta - all are under construction. Its serviced apartment division was launched in 2003.

Triguboff said: "I have serviced apartments in Sydney, Brisbane and the Gold Coast, this (a Melbourne property) would make a network."

www.meriton.com.au

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