Financiers torpedo Crown tower project

Original article by Nick Lenaghan
The Australian Financial Review – Page: 33 : 5-Mar-19

Crown Resorts has not been able to secure an extension from the Victorian Government for a planning permit for a proposed hotel and apartment tower in Melbourne’s CBD. Crown had proposed to build the $1.75 billion tower opposite its casino under a joint venture with Schiavello Group. Under the terms of their planning permit, Crown and Schiavello had two years to commence development before the permit expired. However, they were unable to secure suitable financing arrangements for the tower, which would have been the tallest in Australia.

CORPORATES
CROWN RESORTS LIMITED – ASX CWN, SCHIAVELLO GROUP PTY LTD, VICTORIA. DEPT OF ENVIRONMENT, LAND, WATER AND PLANNING, WILKINSON EYRE ARCHITECTS

Victoria sets Fishermans Bend population at 80,000, rejects calls for more

Original article by Michael Bleby
The Australian Financial Review – Page: Online : 5-Oct-18

The Victorian government has set the population target for Fishermans Bend, Australia’s biggest urban regeneration project, at 80,000. In doing so, it has rejected a recommendation that the target for the 480-hectare site be set at 120,000. Danni Addison from the Urban Development Institute of Australia was critical of the government’s decision, saying the planning framework for Fishermans Bend represents a "missed opportunity". Victorian Planning Minister Richard Wynne claims the government is "fixing the mess Matthew Guy created".

CORPORATES
URBAN DEVELOPMENT INSTITUTE OF AUSTRALIA, VICTORIA. DEPT OF ENVIRONMENT, LAND, WATER AND PLANNING

New rules for better apartments

Original article by Nick Lenaghan
The Australian Financial Review – Page: 32 : 15-Aug-16

Victoria’s Planning Minister Richard Wynne has revealed new draft standards for apartments. The proposed rules include minimum standards for ventilation and access to natural daylight, with all habitable rooms in an apartment required to have at least one window. However, Wynne has ruled out imposing minimum sizes for apartments, which has been welcomed by Asher Judah of the Property Council of Australia.

CORPORATES
VICTORIA. DEPT OF ENVIRONMENT, LAND, WATER AND PLANNING, PROPERTY COUNCIL OF AUSTRALIA LIMITED, LEND LEASE GROUP LIMITED – ASX LLC, GROCON PTY LTD

Planning disputes at VCAT take fall as price rises

Original article by Clay Lucas
The Age – Page: 14 : 19-Sep-14

The Victorian Civil & Administrative Tribunal heard 2,186 planning disputes in 2013-14, down from 3,443 the previous year. However, its annual report revealed that it received nearly $A1 million more. Fees rose significantly from July 2013. Victorian Attorney-General Robert Clark said that changes to planning laws led to the drop in applications. The Opposition and a lawyer said that people could not afford the high fees

CORPORATES
VICTORIA. CIVIL AND ADMINISTRATIVE TRIBUNAL, VICTORIA. OFFICE OF THE ATTORNEY-GENERAL, AUSTRALIAN LABOR PARTY, VICTORIA. DEPT OF TRANSPORT, PLANNING AND LOCAL INFRASTRUCTURE