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Lend Lease To Develop Portion of Barangaroo

SYDNEY- Lend Lease's portion of the development will encompass 18.5 acres. Construction will begin in the second half of 2010.

By Katie Hinderer | Updated on December 21, 2009

SYDNEY-The Barangaroo Delivery Authority has named Lend Lease the developer of the first stage of Barangaroo, the largest central business district development to ever be constructed in Sydney. The entire project is estimated to cost A$6 billion and will be built over 10 to 15 years.

“Barangaroo is one of the most valuable city waterfront opportunities anywhere in the world. We are honoured to be working in partnership with the Authority, the NSW Government and the people of Sydney to realize the full potential of this unique site,” says Steve McCann, CEO and managing director of Lend Lease.

The mixed-use project will combine office, retail, multi-family, lodging and civic facilities. Lend Lease’s portion of the development will encompass 18.5 acres. Construction will begin in the second half of 2010.

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