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Mon January 24 2022

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Lend Lease gears up to start $1.9bn Sydney scheme

27 Nov 14 Lend Lease expects to start work before the end of the year on two linked schemes in Sydney, Australia after reaching financial close.

The work is part of a New South Wales (NSW) government infrastructure project to transform Darling Harbour. Financial close was reached with Infrastructure NSW and Sydney Harbour Foreshore Authority for two project delivery agreements to develop the mixed-use site of Darling Square and the ICC Sydney Hotel.

The agreements are expected to have an end development value of about AU$1.9bn (£1bn) under a land management structure.

The transformation of Darling Harbour is also delivering a new convention, exhibition and entertainment venue, ICC Sydney.

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