$2.5b luxury apartment project planned for Sydney

Lucy Slade and Michael Bleby

Jul 16, 2025 – 12.28pm

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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.

Lucy Slade covers real estate for The Australian Financial Review, based in the Sydney newsroom. She was previously the breaking news reporter.

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.