The New South Wales, Australia, government awarded LendLease Group a A$476 million contract to develop a proposed metro railway station and a building above it in North Sydney.

The diversified real estate company will file development plans for approval in May 2019 for the planned Victoria Cross Station, which will include retail spaces and office space across 40 floors and will be delivered by the company's building and property businesses.

Lendlease outbid fellow Australian property companies DEXUS and Charter Hall Group's joint venture with Chinese-backed builder John Holland for a planned metro station and a A$1 billion commercial tower development in Sydney.