{"id":17885,"date":"2019-04-05T11:14:43","date_gmt":"2019-04-04T22:14:43","guid":{"rendered":"https:\/\/propertynoise.co.nz\/au\/?p=17885"},"modified":"2019-04-05T11:14:43","modified_gmt":"2019-04-04T22:14:43","slug":"harry-triguboff-has-ditched-sydney-to-try-his-luck-in-the-melbourne-property-market","status":"publish","type":"post","link":"https:\/\/propertynoise.co.nz\/au\/harry-triguboff-has-ditched-sydney-to-try-his-luck-in-the-melbourne-property-market\/","title":{"rendered":"Harry Triguboff has ditched Sydney to try his luck in the Melbourne property market."},"content":{"rendered":"<p>&nbsp;<\/p>\n<p><strong>PHOTO:\u00a0Overcoming his dread of the trade union influence, the Meriton apartment developer, Harry Triguboff has ditched Sydney to try his luck in the Melbourne property market.<\/strong><\/p>\n<p data-gtm-vis-first-on-screen-7770372_137=\"2617\" data-gtm-vis-total-visible-time-7770372_137=\"4000\" data-gtm-vis-has-fired-7770372_137=\"1\">Triguboff has bought a serviced apartment site at 140-146 King Street near Southern Cross Station,\u00a0between Bourke Street and Collins Street.<\/p>\n<p data-gtm-vis-first-on-screen-7770372_137=\"2617\" data-gtm-vis-total-visible-time-7770372_137=\"4000\" data-gtm-vis-has-fired-7770372_137=\"1\">He will develop a Meriton Suites apartment hotel to replace the three storey building.<\/p>\n<p data-gtm-vis-first-on-screen-7770372_137=\"2617\" data-gtm-vis-total-visible-time-7770372_137=\"4000\" data-gtm-vis-has-fired-7770372_137=\"1\">The deal, worth about $29 million, will be Meriton&#8217;s first development outside of NSW and Queensland, where it has completed about 70,000 apartments over the past six decades. Triguboff recently admitted the recent Sydney apartment boom had\u00a0<a href=\"https:\/\/www.propertyobserver.com.au\/forward-planning\/investment-strategy\/property-news-and-insights\/97138-harry-triguboff-says-apartment-boom-relied-too-much-on-chinese-buyers.html\" target=\"_blank\" rel=\"noopener\">over-relied on Chinese foreigners<\/a>.<\/p>\n<p data-gtm-vis-first-on-screen-7770372_137=\"2617\" data-gtm-vis-total-visible-time-7770372_137=\"4000\" data-gtm-vis-has-fired-7770372_137=\"1\">The King Street, Melbourne site last sold at $10 million in 2013.<\/p>\n<p data-gtm-vis-first-on-screen-7770372_137=\"2617\" data-gtm-vis-total-visible-time-7770372_137=\"4000\" data-gtm-vis-has-fired-7770372_137=\"1\">The vacant, three-storey concrete building had been expected to fetch more than $20 million, according to a report by The Age in\u00a0February.<\/p>\n<p data-gtm-vis-first-on-screen-7770372_137=\"2617\" data-gtm-vis-total-visible-time-7770372_137=\"4000\" data-gtm-vis-has-fired-7770372_137=\"1\">READ MORE VIA <a href=\"https:\/\/www.propertyobserver.com.au\/forward-planning\/investment-strategy\/property-news-and-insights\/97131-harry-triguboff-overcomes-dread-of-trade-union-influence-and-buys-first-melbourne-project-site.html\">PROPERTY OBSERVER<\/a><\/p>\n<p data-gtm-vis-first-on-screen-7770372_137=\"2617\" data-gtm-vis-total-visible-time-7770372_137=\"4000\" data-gtm-vis-has-fired-7770372_137=\"1\">\n<p>https:\/\/www.instagram.com\/p\/BvP7027lnFd\/<\/p>\n","protected":false},"excerpt":{"rendered":"<p>&nbsp; PHOTO:\u00a0Overcoming his dread of the trade union influence, the<span class=\"more-link\"><a href=\"https:\/\/propertynoise.co.nz\/au\/harry-triguboff-has-ditched-sydney-to-try-his-luck-in-the-melbourne-property-market\/\">Read More &rarr;<\/a><\/span><\/p>\n","protected":false},"author":1,"featured_media":17886,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"footnotes":""},"categories":[461747081],"tags":[478104385,478098573,478098512,478098521,478099467,478098519,478098535,478098537,478104386,478098556,478098513,478098801,478100061,478098579,478098510,478098514,478098511,478098509,478098536,478098618,478104387],"class_list":["entry","author-data123nz","post-17885","post","type-post","status-publish","format-standard","has-post-thumbnail","category-australian-property-real-estate-news","tag-140-146-king-street","tag-apartment","tag-australia","tag-australians","tag-harry-triguboff","tag-home-ownership","tag-house-prices","tag-melbourne","tag-meriton-suites-apartment-hotel","tag-nsw","tag-property","tag-property-developer","tag-property-empire","tag-property-market","tag-property-news","tag-propertynoise","tag-real-estate","tag-real-estate-news","tag-sydney","tag-sydney-property","tag-the-king-street"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.6 - 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