The new Ziggs building at the heart of Melbourne’s west is set to be demolished.
Ziggs, the country’s biggest builder of commercial buildings, has agreed to buy the iconic building for a reported $US15 million ($18.9 million) from Australian firm, Ziggies.
Construction will begin in February, with the demolition to take place in April.
The new Ziggys headquarters will be built on top of the current building, which is being converted into a retail centre and hotel.
Ziggies chairman John Smith said the company had been working on the design for several years, but it had been on the back burner due to the cost of building a new headquarters.
“We have been building this building for 25 years and we are proud of it,” he said.
“It is the biggest building in Australia and it is going to be the tallest building in the world.”
Smith said the new Ziggy would be “the best office in the city”.
“It’s the biggest office in Australia, and it will be the biggest in the nation.”
If you take the top floor of the building and put it up against a new hotel, it will take the city of Melbourne by storm.
“Ziggys had been under pressure to sell its flagship building after a series of major fires last year and had sought to downplay concerns about its future, including that the building could fall into disrepair.
But the fires had left the building’s future in doubt.
In February, Ziggs said it was in discussions with other potential buyers.”
The most recent announcement is a big announcement,” Smith said.