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Report: HNA in discussions to sell Melbourne center

HNA Group Co. Ltd. is in discussions with Australian developers to sell the Aitken Hill conference center in Melbourne's Craigieburn suburb for more than A$110 million, The Australian Financial Review reported June 14, citing sources close to the matter.

The debt-laden Chinese conglomerate bought the 69-hectare property at 20 Dunhelen Lane just 18 months ago from mining company BHP Billiton for about A$100 million. The center features 6,000 square meters of conferencing facilities and 124 hotel rooms. The site can also accommodate a seven-hectare retirement village and a 630-lot residential estate, the AFR said.

Australian representatives of the conglomerate did not respond to a request for comment regarding the sale, the publication added.