Lorenz grollo biography of william hill

Dexus and Singapore sovereign wealth fund Government Investment Corporation are paying Kuwait’s St Martins Property $644 million for a half share of the Rialto Melbourne complex.

The incoming owners will co-control 525 Collins Street with Grollo Group, which is directed by Lorenz Grollo, son of owner, Rino.

St Martins – also a sovereign wealth fund – and Grollo acquired the collection of properties which made way for the complex when forming their joint venture in 1981.

One of them, the five-level 1890 Robbs Building (pictured, right), hugged the south-east corner of Collins and King streets.

Another historic structure, which remains next door (497-503 Collins Street), designed by William Pitt, is also called Rialto.

The Rialto skyscraper was constructed between 1982 and 1986.

As part of a $100 million development in 2017, the owners added a low-rise office – now occupied by Bank of Melbourne – on the land where Robbs Building stood.

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