AUTHORISATION for the $6 billion contract for commercial development of Barangaroo, Sydney was officially signed this week.
In December, Lend Lease was selected by the Barangaroo Delivery Authority, which manages the redevelopment of Barangaroo on behalf of the NSW Government, as the developer for Stage 1 of Barangaroo. The project is expected to be completed over the next 10 to 15 years and is reported to be the largest CBD development in the history of Sydney.
The authorisation allows for the execution of the contract between the Barangaroo Delivery Authority and Lend Lease, providing Lend Lease with the rights to build commercial, residential, retail, hotel floor space and public domain within the southern part of the precinct.
- Written by Urbanalyst
- Category: New South Wales