Leighon sells major Melbourne project - The Australian

LEIGHTON Holdings has sold a major office tower development in Melbourne to two property groups for $462 million.

Leighton Properties, a subsidiary of the construction giant, sold the 567 Collins Street project to Investa Office Fund and Investa Commercial Property Fund, which have each taken a 50 per cent interest.

The project is Melbourne's largest office tower deemed premium grade by the Property Council of Australia to be built in 25 years, Leighton said.

Once completed in mid-2015, the tower will house the headquarters of another Leighton subsidiary, Leighton Contractors.