Pro-Invest chair and chief executive Ron Barrott says New Zealand is still one of the world's most desirable tourism destinations and the primary driver behind its plan for growth.
Greenland Offloads Luxury Sydney Hotel
Hotel developer, fund manager and operator Pro-invest Group has acquired the five-star Primus Hotel in central Sydney for $130 million.
The 172-room hotel located at 339-341 Pitt Street, adjacent to Greenland Australia’s 66-storey apartment tower, the tallest in Sydney CBD.
The Woods-Bagot designed hotel, which opened in 2015, represents an architectural revival of the 1930s inter-war period.
It has been restored with its original features such as the grand eight-metre high scagliola columns and the lobby’s panelled skylight.
Greenland listed the hotel last year following initial interest from the market which saw several short-listed parties look into the property.