trending Market Intelligence /marketintelligence/en/news-insights/trending/hDT_qKHeVUQC4hn9pL0mnw2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

In This List

LendLease sells 25% stake in North Sydney tower project

Credit Analytics Case Study Poundworld Retail Ltd

Segment

IFRS 9 Impairment How It Impacts Your Corporation And How We Can Help

The Market Intelligence Platform

Real Estate

Real Estate Solutions Overview


LendLease sells 25% stake in North Sydney tower project

LendLease Group sold a 25% stake in a North Sydney tower project to the Australian Prime Property Fund Commercial, according to a Jan. 20 release.

The 40-story office building development, which is atop the future Victoria Cross metro station, will include about 58,000 square meters of office and retail space. It is expected to have an end value of roughly A$1.2 billion, the company said.

Lendlease did not disclose financial terms of the transaction.

Separately, The Australian Financial Review reported the same day that the transaction is estimated to be worth about A$300 million. LendLease won a contract to develop the project in 2018, with a price tag of A$476 million, the outlet reported.