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| Leighton Properties acquires land in Matraville, Sydney Leighton Properties has recently finalised the acquisition of a 2.26ha parcel of industrial land at Matraville in Sydney where the company proposes to develop a $40 million industrial estate. The site at 133-149 Beauchamp Road has been acquired from Grocon Pty Limited. The development will support warehouses/office buildings totalling some 13,700 m². The land had previously been used as a storage facility by Grocon. Colliers International and CB Richard Ellis negotiated the deal, one of the largest in a series of land sales to developers in the South Sydney area. Leighton Properties is a leading property development, management and investment company that is part of the Leighton Group, Australia's largest project development and contracting group. write your comments about the article :: © 2007 Construction News :: home page |