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| Leighton’s HQ South Tower sells for $94 million  Australia's Leighton Properties and Leighton Contractors have signed a $94 million contract of sale for the South Tower of their latest mixed-use development, HQ in Brisbane's Fortitude Valley, Queensland.HQ South Tower was purchased by AFIAA – the investment foundation of 18 Swiss pension funds. The purchase is the second building for its Australian property portfolio, after the 2009 purchase of the American Express building in Pyrmont, Sydney, New South Wales. HQ South Tower is fully leased to high-profile tenant, Leighton Contractors, as their new head quarters on a fixed 10-year lease. Such a long-term lease with this type of tenant will offer a high and stable cash flow and overall returns on capital." HQ North Tower next door, with more than 29,000sqm, has already secured leading, international engineering company Aecom as a major tenant. write your comments about the article :: © 2010 Construction News :: home page |