News: Leighton Holdings developing Parramatta site

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Leighton Holdings Limited (ASX:LEI) has sold and entered into a development agreement for 1PSQ with Charter Hall Group (ASX:CHC). 

 

The construction and engineering company will develop a University of Western Sydney (UWS) campus building on a site in Parramatta, west of Sydney’s CBD. 

 

Leighton’s subsidiary Leighton Properties will execute the work which the company advises has an end value of $220.5 million. 

 

Construction is slated for completion in late 2016 for the first semester of University in early 2017.

 

Leighton Holdings reported a net profit of $285 million in the first half of the 2014 calendar year.