Managing Director's Message November 2013
Mark Gray 1 Nov 2013
As 2013 draws to a close, I would like to reflect on what has been one of Leighton Properties’ most successful years of operation since our establishment in 1972.
Over the past two quarters, Leighton Properties has reached some significant milestones. We turned the first sods at our $1 billion Kings Square project in Perth and our $462 million 567 Collins St project in Melbourne. Our ICON Tower project in Ipswich opens this month; our Eclipse Tower project in Parramatta won three prestigious awards including Best Commercial Development at the Urban Taskforce Development Excellence Awards; we won the development rights for the first stage of Parramatta Square and we have announced North Sydney’s first new development in over 6 years, 177 Pacific Highway.
177 Pacific Highway will consolidate over 11 premises occupied by Leighton Group Operating Companies across Sydney into one 40,000 square metre A-grade building. The $400 million project represents the future of the Leighton Group and will embody our capacity as a developer that can provide an integrated ‘total property solution’.
It is also pleasing to announce that our Residential/Mixed-Use business has jointly acquired a 1.34 hectare development site in Moonee Ponds Victoria, with private equity firm Qualitas. With potential for over 800 apartments, public open space and convenience retail, the site will be an exciting opportunity to showcase Leighton Properties’ competency in developing large transport orientated, inner urban precincts.
With a growing pipeline of over 3,000 apartments, the business unit is now a major national player in medium-high density residential development.
In closing, the Leighton Group has been under the scrutiny of unbalanced media reporting in recent weeks. At Leighton Properties, our values (innovation, discipline, integrity, safety and success) remain at the centre of everything we do. Our stringent Code of Conduct guides our everyday ethical decision making and we stand as a unified team, dedicated to excellence in property development, delivering real value through our projects that improve the lives of those who work, live and recreate in the environments we create and the infrastructure we build.
I would like to thank all of our clients and stakeholders for their continuing support. In addition I’d like to particularly compliment the dedicated staff of Leighton Properties for their extraordinary effort over 2013.
As the festive season rapidly approaches I wish you compliments of the season and I look forward to another successful year ahead.
For more information
Phone+61 2 9925 6111
Email Mark Gray