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AUSSIE TOWER SCRAPPED

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The controversial plan for the world's tallest building, the A$1.5 billion (£530 million) Grollo Tower in Melbourne, Australia, has been scrapped for the second time in two years. In an announcement of the defeat for local developer Grocon, the local planning authority suggested the proposed building, designed by Denton Corker Marshall, would be scrapped for good.

Last night Grocon was advising its 200 investors in the skyscraper that the tower bid had failed, and each of their $5,000 deposits would be returned within seven days.

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