Leighton sells Nth Sydney property

Group inks $413m deal to sell development to Suntec Real Estate Investment Trust.

Leighton Holdings (LEI) has sold a North Sydney development to Suntec Real Estate Investment Trust for $413.19 million.

In a statement to the Australian Securities Exchange, Leighton announced the sale of 177 Pacific Highway, North Sydney and said it represented an initial yield of 6.89%.

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