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Thu June 17 2021

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Lend Lease signs for $1.5bn Melbourne redevelopment

2 Aug 13 Lend Lease has signed a development agreement for the Batman's Hill urban regeneration development in Melbourne, Australia.

Lend Lease and Places Victoria have entered the agreement for three parcels of a site in Melbourne's Docklands. Development of the 2.5ha site will be staged over approximately 10 years and is expected to have an end development value of approximately AU$1.5 billion (£885m).

Plans are for the Batman's Hill redevelopment to include more than 100,000m2 net lettable area of office space, associated retail space and approximately 600 apartments. Lend Lease will also deliver public domain, infrastructure and community space.

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