Lendlease faces $100m hit in Sydney land dispute

Nick Lenaghan and Michael Bleby

Apr 9, 2025 – 10.57am

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Builder and developer Lendlease is facing a write-off of up to $100 million after the NSW Supreme Court rejected its claim to a group of land parcels for housing development in Sydney’s south-west.

Spread over hundreds of hectares of farmland south of Campbelltown on the eastern side of the Hume Motorway, the parcels were once part of the larger Figtree Hill housing estate. Lendlease was developing that estate before last year, selling it along with others as part of a $1.1 billion portfolio deal with Stockland.

Nick Lenaghan edits the property section, which covers all aspects, from residential real estate and housing and construction to commercial property – office, retail, industrial – and major ASX-listed developers and real estate investment trusts.

Michael Bleby covers commercial and residential property, with a focus on housing and finance, construction, design & architecture. He also dabbles in the business of sport. Michael is based in Melbourne.