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.