IN SUMMARY:
MARQ Trustees has supported its client Lead Global (the Investment Manager of the Fund) in the acquisition of Melbourne Place, a boutique hotel located in the heart of Melbourne’s CBD.
MARQ Trustees is pleased to announce its role as trustee for the Russell Street Hotel Fund in the successful acquisition of Melbourne Place, a boutique hotel located in the heart of Melbourne’s CBD.
As covered in the Australian Financial Review, Melbourne Place has been purchased from fund manager, Merricks Capital, who took over the hotel project two years ago and completed its development in December 2024.
ABOUT MELBOURNE PLACE
The 14-storey Melbourne Place hotel at 130 Russell Street in the CBD features 191 rooms, rooftop and ground floor restaurants, and a basement bar.
It was designed by architects Kennedy Nolan and built by ADCO Construction.
MARQ TRUSTEES’ ROLE
As trustee for the Fund, MARQ Trustees has supported its client Lead Global (the Investment Manager of the Fund) in the acquisition of the property and will continue in this role as well as providing compliance, governance, fund administration and registry services. MARQ Trustees was advised by Michael Garry and Navar Amici of Kain Lawyers.
Managing Director of MARQ Trustees, Andrew Patrick, commented on the acquisition of Melbourne Place by the Fund: “Congratulations to our client Grace Tsui on this exciting purchase. We believe Melbourne Place is a valuable asset with strong potential, and we look forward to supporting the fund in its ongoing success.”
ABOUT MARQ TRUSTEES
Established in 2014, MARQ Trustees brings together a team with decades of financial services experience in managed funds. Under the authority of our Australian Financial Services License (AFSL), our firm provides services to wholesale managed investment schemes including trustee, custody and other AFSL services; advisory, fund administration and registry services; as well as fund to market and capital raising advice. For more information, contact us via phone: +61 3 9005 9282 or email: [email protected].
