Leighton Properties Pty Limited | 2011 Issue 25 | www.leightonproperties.com.au

Leighton Properties and Grosvenor Australia have commenced construction of the landmark 25,660 m2 Eclipse Tower at 60 Station Street, Parramatta, New South Wales after securing tenancy pre-commitments of approximately 70% from two major corporations.

Mark Gray, the Managing Director of Leighton Properties said “Eclipse Tower is the first major new commercial development to commence construction in Parramatta since 2008. The tenancy commitments are a ringing endorsement for business confidence, the project and the financial and delivery capabilities of the joint venture developers.”

Rob Kerr, Chief Executive of Grosvenor Australia said “The iconic building will set new standards for office accommodation in Sydney’s west. It is the first commercial building in Parramatta to go through the design competition process under Parramatta City Council’s new City Centre Plan with architectural firm Fitzpatrick and Partners creating the winning elliptical design.”

The tower’s form, leading edge technology, sustainability features, highly efficient floor plates and central location in the heart of the CBD are the draw cards for tenants, with the opportunity to secure high exposure for what will be one of the tallest buildings in Parramatta.

CONTENTSNAT MD MESSAGE

VIC 296 BAY ROAD

VIC MERINDA PARK

NAT NEW WEBSITE

QLD HAMILTON HARBOUR

Ipswich City Heart will be transformed into a thriving CBD in a public-private sector revitalisation project valued at $1 billion which is set to attract both international and interstate investment. Leighton Properties won the Ipswich CBD redevelopment project in December last year after a competitive tender process by Ipswich City Properties (ICP).The plan revitalises the retail and commercial core of Ipswich with a

IPSWICH CITY HEART AWARDED

ECLIPSE TOWER CONSTRUCTION BEGINSPre-commitments kick-start iconic tower development at 60 Station Street, Parramatta.

Artists’ impression of Eclipse Tower, the stunning 19 level, A Grade office development in ParramattaContinued on page 2

55,000 m2 regional shopping centre, an office precinct and modern residential inner-city living for up to 1,000 people. This will be surrounded by significant new riverfront public space and amenities,

Continued on page 4

NEWSNEWSISSUE 25 | FEBRUARY 2011

Page 2 Leighton Properties Pty Limited | 2011 Issue 25 | www.leightonproperties.com.au

It was both with foreboding and awe that I watched the events unfold in Queensland and Victoria – from the destruction and devastation through to the incredible strength and community spirit that prevailed. We at Leighton Properties send our heartfelt support to all those affected and understand that whilst the waters may have receded, the clean up and devastation will remain for some time to come as families and communities re-build their lives. Leighton Properties has made a donation to the QLD Premier’s Flood Relief Fund to support efforts.

Our staff in Queensland have been hard at work during the past weeks assisting their families, friends and colleagues as well as volunteering in the wider community and ensuring our projects remained safe from the floodwaters. A big achievement and thankyou.

Construction promptly recommenced on the office tower at 145 Ann Street and the Hamilton Harbour towers, with the display suite not affected. In Fortitude Valley, the Queensland office at HQ and the Mosaic sales office were also unaffected.

Looking forward, Leighton Properties aims to build on the momentum created in 2010 with highlights from the year being the completion of the HQ development

and its award of the highest sustainability rating by the GBCA, a 6 Star Green Star Office Design v2 Certified Rating. We also saw the opening of the magnificent award-winning resort in Noosa which is being operated by the internationally acclaimed Outrigger Hotels Group.

We begin 2011 in full swing with over half a billion dollars worth of projects under construction, including Eclipse Tower in Parramatta, as well as the project award for the Ipswich City Centre. This exciting project will deliver a 55,000 m2 regional shopping centre, an office precinct and modern residential inner-city living for up to 1,000 people.

We are proud to continue our major sponsorship again this year of the Green Building Council of Australia and the Property Industry Foundation.

Leighton Properties is looking forward to working with our clients, colleagues and stakeholders to create a dynamic and successful 2011.

MARK C. GRAY Managing Director Leighton Properties

Hamilton Harbour was unaffected by the floods

MANAGING DIRECTOR’S MESSAGEDespite the floods, our momentum in Queensland continues to accelerate and Leighton Properties is excited about 2011.

The striking 19 level, elliptical shaped tower is targeting a 5 Star Green Star Rating from the Green Building Council of Australia and a 5 Star NABERS Energy Rating. It will have panoramic views and large, flexible floor plates, with each floor being 1,320 m2.

Other features include a low temperature VAV air conditioning system, low thermal co-efficient solar glass and approximately 193 bicycle racks to encourage staff to cycle to work. Eclipse is also adjacent to the recently completed Parramatta Rail and Bus Transport Interchange, providing ready access to transport.

Leasing agents CB Richard Ellis are acting for the development, which is drawing significant interest for the remaining space from the government, and existing Parramatta tenants who recognise the timing is right to upgrade the quality of their office accommodation given the current shortage of A Grade office accommodation in the Parramatta CBD precinct.

Contractors, John Holland have begun on site works with the development due for completion in August 2012.For further information contact:

STEPHEN RAYLEIGH Senior Development ManagerLeighton Properties NSWPhone +61 2 9925 6859Visit www.eclipsetower.com.au

ECLIPSE TOWER CONTD

Ipswich Mayor Paul Pisasale (left) Leighton Executive Director and State Manager QLD Andrew Borger (centre) and Cr Andrew Antoniolli (right) review the model of the master plan for the Ipswich City Heart View of development from Parramatta train station

Leighton Properties Pty Limited | 2011 Issue 25 | www.leightonproperties.com.au Page 3

MERINDA PARK SALEMerinda Park, a property in the popular south eastern suburbs of Melbourne, has been sold. The 16 hectare site was sold to a private investor.

The property is a triangular-shaped parcel of around 16 hectares on the north east corner of Thompsons Road and Evans Road, directly west of Merinda Park railway station.

During the course 2010, Leighton Properties successfully worked through the rezoning of the parcel from Industrial to Business zoning creating a more marketable site and one with potential for uses ranging from retail through to offices and warehousing.

The site was sold after an Expressions of Interest campaign and will facilitate an increased intensity of focus upon other Leighton Properties developments in the developing south eastern suburbs of Melbourne such as Hallam Business Park and Xpress Park, Cranbourne West.

For further information contact:

EDWINA MOLONY Development Manager Leighton Properties VIC Phone +61 3 8623 1608

NEW WEBSITE OPENS FOR BUSINESS

The Leighton Properties website’s fresh design displays several new features and will keep you up-to-date with everything that is happening with the company.

On the website, the top navigation directs users to Leighton Properties’ products and services, corporate information about Leighton Properties, our sustainability focus and contact details.

Additional features of the new website include: y Enhanced navigation tools to make searching easier

y Leighton Properties’ news and announcements feeds

y Consolidated project links page y Enhanced user filtering controls.

We have taken advantage of the latest technology to create a site that is useful, interactive and user-friendly.

The newsletter has also been refreshed to reflect the new look.

The website journey has just begun - take a look around. We are keen to know what you think about the design, content, functionality and accessibility of our new website – so please Contact Us with your feedback.

STEPHEN RAYLEIGH Senior Development Manager Leighton Properties NSW Phone +61 2 9925 6859Visit www.leightonproperties.com.au

296 BAY ROAD - A POPULAR CHOICEAmenity, lifestyle and clever design - this development has the lot.

296 Bay Road, Cheltenham, on the beachside of the Nepean Highway, is providing high quality strata titled office suites that are servicing the needs of small business in the area.

The popularity of 296 Bay Road is confirmation of the trend for many businesses to seek relocation of their headquarters to where managers and employees live.

This stunning brand new 4 level office building, built on the principles of function and quality, is in the heart of Melbourne’s Bayside area and caters for many business types.

The building has been cleverly designed for businesses of 1 to 15 people and includes the following features:

y Office space from 35 to 109 m2

y On title car parking y Great natural light y Superb corporate entry foyer y Two lifts in the building y Ample visitor car spaces y All offices are independently air conditioned and heated

y Stylish directory boards throughout y The office is located close to Southland, cafes and gyms.

There are currently 35 businesses operating from the building making it a thriving business centre.

Current buyers range from personal superannuation funds to owner occupiers.

For further information contact:

TOM KENESSEY Development Manager Leighton Properties VIC Phone +61 3 8623 1607296 Bay Road - heart of Bayside Business Park

Produced by Leighton PropertiesContact: Stephen Rayleigh

Level 2, 472 Pacific HighwaySt Leonards NSW 2065

Phone: +61 2 9925 6666Email: admin@lppl.com.au

Leighton Properties Pty Limited | 2011 Issue 25 | www.leightonproperties.com.au Page 4

HAMILTON HARBOUR WINS UDIA AWARDOn 22 October 2010, Brisbane’s $500 million Hamilton Harbour project won the Marketing Excellence award at the UDIA (QLD) Boral Awards for Excellence.

Hamilton Harbour has emerged as one of Queensland’s most sought after apartment communities after rising above the global financial crisis and tough housing sales since launching in March 2009.

The joint venture project between Leighton Properties and Devine Limited has outperformed the market to become Queensland’s fastest selling development, demonstrating that offering the right product in what many considered to be the wrong time can be a recipe for success.

The winning marketing concept fused the strength of investing in a premium riverside precinct with an affordable product to offer a brand that instilled great confidence in buyers.

Leighton Properties’ Executive Director and State Manager Queensland, Andrew Borger said that marketing a lifestyle

choice was critical in promoting the Hamilton Harbour development.

The precinct will be home to 660 apartments in three residential buildings, 17,000 m2 office space across two commercial buildings and 5,000 m2 of retail space. Each residential tower features a mix of one, two and three-bedroom apartments ranging in price from $325,000 to $1.8 million.

Offering unmatched facilities and amenities, the chic urban village will redefine harbourside living in Brisbane. At the heart of the precinct will be a pedestrian boulevard home to boutiques, cafés and convenience store options for residents and the wider community.

Construction started on the first two towers (Harbour One and Harbour Two) in May 2010 and these will be completed in 2012.

Harbour One, Harbour Two and the Riverside residential towers feature apartments with stunning views over the Brisbane River and city, or green suburban views of Hamilton and beyond.

For further information contact:

JOHN CAMPBELLProject DirectorLeighton Properties QLDPhone: +61 7 3370 4700Visit www.hamiltonharbour.com.au

including a public library and car parking.

The project supports the Queensland Government’s decentralisation strategy to enhance commercial centres around the metropolitan area.

The master plan for Ipswich is based on sustainable design principles and has integrated transport linkages with public transport and a new pedestrian bridge over the Bremer River.

Andrew Borger, Executive Director and State Manager Queensland said “We’re looking forward to delivering this flagship redevelopment that will not only generate economic, cultural and recreational opportunities for Ipswich but will also be the catalyst to ignite major demand for

retailing, offices and inner-city living.”

“We believe that with this project the relationship between Brisbane CBD and Ipswich City will soon emulate that of Sydney CBD and Parramatta – particularly with regards to government and private sector office decentralisation.”

Mayor of Ipswich, Councillor Paul Pisasale said “Leighton Properties won the project due to their experience, financial capability, understanding and alignment with Ipswich City Properties’ and Ipswich City Council’s vision for the Ipswich CBD.”

Ipswich is one of the top five Australian national growth areas after recording 5% population growth last year and its

population is forecast to double over the next 10 to 15 years. All of this presents fantastic opportunities to strengthen the community spirit through effective social development and planning" he added.

Work is planned to start on the ground by the end of 2011, with a significant component to be delivered within five years and employing up to 800 workers.

The project is anticipated to be delivered in further stages over a 15 year period.

For further information contact:

ANDREW BORGER Executive Director and State ManagerLeighton Properties QLDPhone +61 7 3370 4700

Hamilton Harbour’s marketing material was an award winning sales tool for the project

IPSWICH CITY HEART CONTD