Lendlease announces Barangaroo South investor

Company News

Lendlease Corporation Limited (ASX:LLC) has announced the introduction of a new international co-investor to the Barangaroo South precinct.
 
A 25 per cent co-investment stake in Lend Lease One International Towers Sydney Trust will be acquired from Lendlease by one of Asia’s largest institutional investors, subject to FIRB approval.
 
Following the completion of the sale, Lendlease’s equity commitment will reduce from $525 million to $175 million. 
 
Major tenants of Tower One include PwC, HSBC and Servcorp.
 
Lendlease reported a net profit of $618.9 million at 30 June 2015. 

Subscribe to our Daily Newsletter?

Would you like to receive our daily news to your inbox?