Lendlease has boosted its luxury apartment pipeline with the acquisition of a site in central Sydney’s Liverpool Street, overlooking Hyde Park, that it will develop into a residential tower with an end value of $2.5 billion.
ASX-listed Lendlease, which plans to develop 300 units in two towers, declined to say how much it is paying for the 175 Liverpool Street site, which is currently occupied by a 30-storey office tower and tenants including the Fair Work Ombudsman, Ticketek and Waratah Chambers.
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Lucy Slade covers real estate for The Australian Financial Review, based in the Sydney newsroom. She was previously the breaking news reporter. Email Lucy at lslade@afr.com
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. Based in Melbourne, Michael is on Bluesky @michaelbleby.bsky.social. Email Michael at mbleby@afr.com
