Business
Lendlease’s $1b New York play – The Australian Financial Review
The deal comes hard on the heels of an announcement the locally listed player would significantly ramp up its real estate development and funds management activ…
Backed by Aware, the rebadged First State Super, Lendlease takes control of the Java Street site from London-listed investment house JZ Capital Partners and development vehicle RedSky, which will retain a minority 10 per cent position in the project. Lendlease paid $US100 million ($138 million) for its 90 per cent stake in the development project, which had been on the market for $US165 million.
Within their partnership, Lendlease holds a 25 per cent interest while Aware Super has a 75 per cent…
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