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Media releases

Leighton Properties Sells St Kilda Road for $73 million

Issue Date:  28 June 2002
Issued By:  Leighton Holdings Limited

Company Announcements Office
The Australian Stock Exchange Limited
Level 4
20 Bridge Street
Sydney NSW 2000

Re: Leighton Properties Sells St Kilda Road for $73 million

Dear Sir,

Please find attached a copy of a media release to be issued today by Leighton Properties, a wholly owned subsidiary of Leighton Holdings Limited.

Yours sincerely,


A.J. MOIR
Company Secretary

Leighton disposes of St Kilda Office Tower for $73 million

Issue Date: 28 June 2002
Issued by: Leighton Properties Pty Limited

Leighton Properties has disposed of its prime commercial office tower at 417 St Kilda Road, Melbourne for $73 million.

Ends

For further details contact:
Vyril Vella
Managing Director
Leighton Properties Pty Ltd
(02) 9925 6082
www.leightonproperties.com.au

Fact Sheet

Address: 417 St. Kilda Road, Melbourne
Developer: Leighton Properties Pty Limited
Location: Located in the heart of Melbourne's prestigious St Kilda Road office precinct, approximately 50 metres south of the intersection of Toorak and St Kilda Roads.
Description: An A Grade office tower with four levels of parking. Ground floor entry foyer with banking chambers on either side and nine office levels above.
Office Area: Total net lettable area approx 20,357m2 Typical Office Floorplates: Podium floors (four in number) approx. 3,200m2 each. High rise floors approx. 1,200m2 Floor Heights: Floor to ceiling - 2,700mm Floor to floor - 3,700mm
Car Parking: 482 self park spaces.
Leasing: The nine office floors are leased to Mobil Oil Australia Ltd, Suncorp Metway, Mayne and Vic Homes Pty Ltd.
Facilities: Toilets: Male and female toilets on each floor level. Showers and changing rooms level 3 Retail/Banking area: Approx. 935m2 Air Conditioning: The air handling plant is located on the roof and consists of two systems, one for the northern half of the building: the other for the southern half of the building. There are 22 air conditioning zones per podium floor and 10 zones for each of the tower floors. Lifts: The lift services are provided by two banks of lifts. One group of 4 lifts services the front or tower section of the building and the second group of 3 lifts serves the rear or atrium section. Lighting: 450 lux at working level using low brightness semi specular parabolic louvers Power: The building contains a COMESD substation, which contains 1,500 kVA transformer. There is standby diesel generating plant and UPS for certain services. Security: Card key access system.


Leighton Properties Pty Ltd
Leighton Properties is a wholly owned subsidiary of Leighton Holdings Limited, Australia’s largest project development and contracting group. Established in 1972, Leighton Properties provides property development and project management services for the Leighton Group. Strong financial backing gives Leighton Properties the ability to participate in or initiate development projects out of the range of many of our competitors.