Latest news with #MBStarPropertiesPtyLtd
The Age
11-08-2025
- Business
- The Age
Melbourne Star to turn again after four-year closure – but keen riders will have to wait
The long-dormant Melbourne Star Observation Wheel in Docklands will officially reopen within the next 16 months, following an $11 million investment deal with new Swiss and American backers. The new ownership group has committed to having the wheel turning again by the end of 2026. Lord Mayor Nick Reece hailed the announcement as a 'wheelie, wheelie great day for Melbourne' at a press conference on Monday morning beneath the wheel. He described the attraction's return as a major symbol of the waterfront suburb's revival, saying that 'Docklands is going from strength to strength at the moment'. 'We recently saw Coles announce they're moving their headquarters here with 5000 employees. Sonic Healthcare is opening their Melbourne centre next door, bringing close to 1000 employees into Docklands,' Reece said. 'And now, with the Docklands wheel to spin again, we'll see close to 250 to 300,000 visitors a year coming into this part of Melbourne. You put that all together, and it is good times ahead for Docklands. It's a wonderful, wonderful day for our city.' The revived wheel will be managed by a new partnership between MB Star Properties Pty Ltd, the owner of the 120-metre-tall wheel, and international amusement companies Robu Group (Swiss-based), Ray Cammack Shows (American), and Melbourne-based family business Skyline Attractions. Skyline Attractions, which owns and operates other wheels across Australia, will be responsible for the Melbourne Star's daily operations. MB Star Properties Pty Ltd announced the immediate closure of the wheel in September 2021 as it went into liquidation, citing the effects of the COVID-19 pandemic and pre-existing difficulties amid 'increased high-rise development and changes' in Docklands.
Sydney Morning Herald
11-08-2025
- Business
- Sydney Morning Herald
Melbourne Star Observation Wheel's future finally revealed
The long-dormant Melbourne Star Observation Wheel in Docklands is officially set to re-open in 2026, its owners have announced. A press release issued on Monday said the revived wheel will be managed by a new partnership between MB Star Properties Pty Ltd, the owner of the 120-metre-tall wheel, and amusement companies The Robu Group, Ray Cammack Shows, and Melbourne-based family business Skyline Attractions. Skyline Attractions, which owns and operates other wheels across Australia, will be responsible for managing the Melbourne Star. Details of the plan will be detailed in a press conference with the owners and Lord Mayor Nick Reece this morning. Skyline Attractions Business Manager Jane Jones said after being dormant for four years it would be a 'tremendous honour and labour of love' to bring it back to life. 'We are committed to creating something truly exceptional, something all Melburnians can feel proud of,' she said. Reece said the council had been working behind the scenes to secure the attraction's future. 'I'm stoked we can now celebrate openly with the rest of the city, and I can't wait for the maiden voyage.'
The Age
11-08-2025
- Business
- The Age
Melbourne Star Observation Wheel's future finally revealed
The long-dormant Melbourne Star Observation Wheel in Docklands is officially set to re-open in 2026, its owners have announced. A press release issued on Monday said the revived wheel will be managed by a new partnership between MB Star Properties Pty Ltd, the owner of the 120-metre-tall wheel, and amusement companies The Robu Group, Ray Cammack Shows, and Melbourne-based family business Skyline Attractions. Skyline Attractions, which owns and operates other wheels across Australia, will be responsible for managing the Melbourne Star. Details of the plan will be detailed in a press conference with the owners and Lord Mayor Nick Reece this morning. Skyline Attractions Business Manager Jane Jones said after being dormant for four years it would be a 'tremendous honour and labour of love' to bring it back to life. 'We are committed to creating something truly exceptional, something all Melburnians can feel proud of,' she said. Reece said the council had been working behind the scenes to secure the attraction's future. 'I'm stoked we can now celebrate openly with the rest of the city, and I can't wait for the maiden voyage.'
