Mirvac buys CIMIC site at St Leonards

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.