British American Tobacco will sell a nearly 17 hectare (42 acre) site in east Sydney to an apartment developer, keeping some administration buildings but demolishing most of an existing plant, The Australian reported.

Some facilities at the Pagewood site, also referred to as Virginia Park, will be shifted overseas, the newspaper reported. Developer Harry Triguboff’s Meriton Apartments plans to acquire the site for AUD 140 million (EUR 98 million), The Australian said.