Leighton banks $94m from Fortitude Valley office

LEIGHTON Holdings has made $94 million from the sale of a tower within its HQ Development in Brisbane’s Fortitude Valley.

Swiss fund manager AFIAA Foundation for International Real Estate Investments is the purchaser.

The two-tower project is due for completion this year – all up adding about 43,000 square metres of area.

AFIAA will buy the smaller South Tower, with c15,000 sqm, at a yield of 7.5 per cent.

The same buyer recently paid Charter Hall $137m for the Atrium building in Sydney’s Pyrmont.

Share or Recommend article

Marc Pallisco

A former property analyst and print journalist, Marc is the publisher of realestatesource.com.au.