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Melbourne developer Rino Grollo buys Albert Street building for $10.54M to relocate ski business, sparking skyline concerns.
Melbourne developer Rino Grollo has bought the historic 384–388 Albert Street building for $10.54 million, with plans to relocate his ski resorts business, including Buller Ski Lifts Group and Altiset, there.
The property, formerly part of the Burlington Terrace estate and previously owned by the Catholic Archdiocese, is part of broader development activity in East Melbourne.
A nearby warehouse, purchased for £67,000 in 1956, is now valued at $15 million, fueling concerns over skyline changes.
An eight-storey office building has been approved at 9–11 Exploration Lane, replacing a planned hotel.
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El desarrollador de Melbourne, Rino Grollo, compra el edificio de Albert Street por $ 10.54 millones para reubicar el negocio de esquí, lo que genera preocupaciones sobre el horizonte.