David Stewart celebrates Topping Out
John Campbell 28 June 2011
David Stewart, Leighton Holdings' CEO, has confirmed the company’s commitment to invest in Brisbane property through its subsidiary Leighton Properties and shareholding with listed developer Devine.
Mr Stewart, along with Mark Gray, Leighton Properties' Managing Director, Andrew Borger, National Head of Commercial, David Keir, Devine Managing Director and Simon Finn, State Building Industry Minister celebrated construction of the final floor in the first stage of the jointly owned Hamilton Harbour residential development on the Brisbane River.
APARTMENTS GOING FAST
The project, with an end value of $500 million, offers 660 apartments ranging from $295,000 to more than $2 million. The first stage, Harbour One and Harbour Two, are more than 90 percent sold.
The next stage of the development, called Riverside, due to start construction later this year, is more than 50 percent sold.
MORE PROJECTS FOR BRISBANE
After praising the commitment to Hamilton Harbour by Leighton Properties and joint owner Devine, in which Leighton has a 50 percent stake, Mr Stewart strongly endorsed the company’s support for its property division.
“Leighton Properties and Devine are looking at a number of other projects in Brisbane, in partnership and individually, and hope to bring these to market very shortly,” he said.
“Over the next few years, we hope to do more residential, commercial and retail developments in the area.”
*Pictured: David Stewart, CEO of Leighton Holdings, at the Hamilton Harbour topping out ceremony.
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