Melbourne identity Mick Gatto snaps up St Marys Anglican church for $4m

On the ropes

Chinese-backed 3L Alliance has snapped up Kinnear’s Rope Factory in Footscray, paying $39 million for the site, which cost its vendor $60 million in 2016. Ouch!

Records show the deal settled in the last week of January at a price significantly lower than the $65 million asking…