At least $160m worth of property is close to changing hands, with Lend Lease believed to be about to snap up a major development site on the Sunshine Coast.

Property and construction giant Lend Lease is in negotiations to buy about 60ha of Horton Park Golf Course in Queensland for $60m.

The site was previously earmarked for a major development by investment bank Babcock & Brown. Lend Lease denied it had bought the site and would not comment on whether it was in due diligence.

The Australian