Aspial to build Melbourne's tallest tower

ASPIAL Corporation Ltd has acquired a freehold development in Melbourne for A$42.3 million (S$47.6 million), and plans to turn it into the tallest building in the city that will offer a gross floor area of more than a million square feet of residential and commercial space.

This is the jewellery and property group's second major overseas acquisition, coming just weeks after it announced its first overseas for…