By: Renee McKeown
The Urban Developer
Jul 20, 2020

Alfasi Group has moved forward with plans to continue building an office tower in Melbourne after securing additional funding during Covid-19.

The development group self-funded the initial stages of construction for the nine-storey commercial building at 510 Church Street, Cremorne in mid-2019.

Alfasi then made a $150 million structured finance deal with Merricks Capital to finalise the build by the end of 2021 with Victorian-based Kane Constructions.