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Lendlease plugs investment into $2b Sydney Place

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Lendlease is developing and constructing Sydney Place in a joint venture with Ping An Real Estate and Mitsubishi Estate Asia. Now its third major arm, investment management, is involved too.

Lendlease’s flagship office fund will take a 20 per cent stake in the $2.2 billion Sydney Place development, which overlooks Circular Quay and includes what will be the city’s tallest office building, Salesforce Tower.

Sydney Place will be home to the city’s tallest office building, along with a public square and hospitality. Designed by Foster + Partners, the centrepiece of the ambitious project is a 55-storey office building at 180 George Street, which is more than 70 per cent pre-leased and due to open later this year.after striking a deal as its anchor tenant in 2019. Other tenants include commercial real estate agency JLL, Greenhouse – a tech-focused growth hub from Investible – Wellington Management and The Executive Centre, a workspace provider.

 

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