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Clean Energy Finance committing A$100M in Lendlease fund

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Clean Energy Finance committing A$100M in Lendlease fund

Lendlease Corp. Ltd. and Australia's Clean Energy Finance Corp., or CEFC, are aiming for net zero emissions from the planned A$4.5 billion commercial property portfolio in the new Melbourne Quarter precinct as early as 2025.

CEFC said it is committing up to A$100 million in equity to the Lendlease-managed Australian Prime Property Fund Commercial, or APPF Commercial.

The project will comprise commercial, residential and cultural facilities, and the first stage is on track for a 2018 completion.