Mirvac buys CIMIC site at St Leonards

Mirvac buys CIMIC site at St Leonards
Jonathan ChancellorJune 16, 2015

Property group Mirvac has bought the long-standing St Leonards headquarters of Leighton and an adjoining tower for $121 million, following on from its hugely successful Era project in Chatswood.

The 5000-square-metre CIMIC site, at 472 and 486 Pacific Highway, is currently two commercial office buildings, but rezoned for mixed use hat could yield more than 500 apartments. 

"As well as aligning with our strategy to focus on apartment projects in the inner ring, this project has the potential to benefit from the NSW government's proposed Sydney Metro expansion, which will see new railway stations introduced at St Leonards and Artarmon, enhancing the public transport services offering," Mirvac chief executive Susan Lloyd-Hurwitz said.

Jonathan Chancellor

Jonathan Chancellor is one of Australia's most respected property journalists, having been at the top of the game since the early 1980s. Jonathan co-founded the property industry website Property Observer and has written for national and international publications.

Editor's Picks

Infrastructure drives new momentum in Melbourne’s Sunshine Precinct
Gardner Vaughan plans Eden Caloundra launch after $19m site purchase
Central Equity to revive shelved Surfers Paradise apartment tower
The Queensbridge Building, Southbank apartment tower, tops out
Candela apartments offering multi-generational living in the heart of Ivanhoe