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Fragrance Group launches new residential tower and hotel

cheeyuen.tan@bizedge.com
Updated

SINGAPORE (July 13): Fragrance Group today announced that it has officially launched its development project in Melbourne and a new-build hotel in Tasmania.

The development project known as 555 Collins was launched by the group’s subsidiary, Fragrance VIC-MEL (Collins), and consists of a 47-level residential tower with 625 apartments, retail spaces and basement car parking.

555 Collins has a freehold tenure with a total land area of about 2,300 sqm and is currently zoned “Capital City Zone 1”. It is strategically located in Melbourne’s bustling CBD area and is well connected by public transport.

On the other hand, the group’s new-build hotel – Ibis Styles Hobart – located at 173 Macquarie Street began operations on July 1.

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World leading travel and lifestyle group, AccorHotels is managing the hotel.

Just a short walk away from Hobart CBD and major tourist attractions, the Ibis Styles Hobart is now the largest hotel in Hobart, Tasmania with 296-rooms spanning 10 floors.

Shares in Fragrance Group closed at 17 cents on Thursday.

The story first appeared on The Edge Singapore.

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