Leighton closes Winten deal

Property groups plan $400 million North Sydney commercial high rise development.

Leighton Holdings (LEI) has sealed a deal for a $400 million North Sydney high rise development, with completion scheduled in the first half of 2016.

In a statement to the Australian Securities Exchange, Leighton Properties said it had agreed terms with vendor Winten Property Group for the building, which will have 40,000 square metres of A-grade commercial space across 30 levels.

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