IRIS GROUP SELLS TO CHINA’S BIGGEST DEVELOPER FOR $170m

Only months after announcing plans for massive redevelopment, Iris Group has divested the Kings Cross Mercure complex. [caption id="attachment_2697" align="alignright" width="449"] An artist's impression of the proposed Mercure tower. Image: supplied[/caption] Earlier this year Iris lodged plans with the City

TIME HAS COME FOR HOURGLASS TOWER: IRIS GROUP

Iris Group has gotten the go-ahead for stage one of the massive redevelopment of its Kings Cross landmark, the Mercure Hotel. [caption id="attachment_1663" align="alignright" width="361"] Mercure complex. Image: Google Maps[/caption] The Group purchased the mixed use property for $65 million