Leighton, Burswood write-downs add to Mirvac losses

Mirvac has reported large writedowns in the value of its Leighton Beach and Burswood developments, contributing to a total of $273 million of losses for the property giant.

The company said its Beachside Leighton stage 2 development had been written down in value by $43 million. The development envisaged 89 apartments and was valued in Mirvac's most recent property compendium at $267.7 million.


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