Lendlease Major Urbanisation Projects - As at 31 December 2020
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Lendlease
Major
Urbanisation
Projects
As at 31 December 2020
Sydney: Barangaroo South – on Gadigal Country
Major Region Project
Project Delivery
secured commenced1
Completion
date2
Residential Commercial Estimated
backlog
units
backlog
sqm ‘0003
end value
($b)4
Land payment
model
urbanisation Australia Barangaroo South, Sydney
Brisbane Showgrounds, Brisbane
FY09
FY09
FY12
FY11
FY26
FY33
851
2,206
1
67
4.2
2.1
Staged payment
Land management
projects Victoria Harbour, Melbourne FY01 FY04 FY29 2,041 - 2.0 Land management
Sydney Place, Sydney FY12 FY17 FY23 - 58 1.9 Upfront payment
summary Melbourne Quarter, Melbourne FY13 FY16 FY26 769 75 1.7 Land management
Waterbank, Perth FY13 FY22 FY29 1,308 12 1.4 Land management
Victoria Cross, Sydney5 FY19 FY20 FY25 - 58 1.2 Staged payment
Asia The Exchange TRX, Kuala Lumpur FY14 FY17 FY28 2,326 168 3.3 Staged payment
Europe Thamesmead Waterfront, London FY20 FY25 FY40+ 11,500 82 14.5 Land management
Euston Station, London FY18 FY26 FY40+ 2,000 400 10.5 Land management
Silvertown Quays, London FY18 FY22 FY33 3,000 440 6.4 Land management
Milano Santa Giulia FY18 FY20 FY34 2,558 232 3.9 Land management
Milan Innovation District FY19 FY21 FY32 1,125 338 3.7 Staged payment
6
International Quarter London FY10 FY14 FY29 351 149 3.2 Staged payment
1. Includes forecast commencement dates,
subject to change in delivery program. Elephant Park, London FY10 FY12 FY26 1,734 50 2.9 Staged payment
2. Based on expected completion date of
underlying buildings, subject to change in High Road West, London FY18 FY22 FY30 2,501 14 2.0 Land management
delivery program.
3. Floor space measured as Net Lettable Area. Deptford Landings, London FY14 FY16 FY28 1,250 9 1.3 Upfront payment
4. Total estimated project revenue
Americas San Francisco Bay Area project FY20 FY22 FY37 15,000 n/a7 20.0 Land management
of all development work secured
(representing 100% of project value). Lakeshore East, Chicago FY19 FY20 FY26 1,197 2 2.0 Staged payment
5. Victoria Cross over station development.
6. During the period, the Group disposed of its Southbank, Chicago FY15 FY16 FY27 1,526 24 1.7 Upfront payment
50 per cent stake in International Quarter
London – North and purchased the 30 Van Ness, San Francisco FY17 FY22 FY25 333 25 1.5 Upfront payment
remaining 50 per cent stake in International
Quarter London – South.
1 Java, New York FY21 FY24 FY27 848 2 1.0 Upfront payment
7. Commercial in confidence. Other urbanisation projects 2,217 121 3.8
Total urbanisation 56,641 2,327 96.2
Australia
Seven
Major urbanisation projects
$14.5 billion
Remaining estimated end value
7,175 units
Residential pipeline
271,000sqm
Commercial pipeline
Melbourne: Two Melbourne Quarter – on Kulin Nation Country
Barangaroo
South
Sydney: Barangaroo South – on Gadigal Country
Barangaroo Project details
South $9.9 billion total estimated development
end value
Secured 20091, expected completion 20261,2
58% complete by estimated development end
value
Barangaroo South is one of Sydney's $4.2 billion remaining estimated development
end value
largest urban regeneration projects.
Project Structure
Located on the western edge of Sydney’s
Central Business District, the waterfront Project Development Agreement with
precinct has a mix of uses including Infrastructure NSW (INSW)
commercial, residential and retail.
Staged payment – agreed land value, paid in
instalments
The precinct is well connected via train, ferry
and bus, and offers an array of dining and Project Scheme
retail options.
Mixed use regeneration scheme, comprising:
barangaroosouth.com.au
– 284,000sqm office space
– 1,010 apartments (c.5% affordable)
– 18,000sqm retail
Sustainability Ratings
Barangaroo South:
– 6 Star Green Star Community
All commercial buildings:
– 6 Star Green Star Design and As Built
International Towers:
1. Financial year. – WELL Core & Shell Platinum
2. Subject to change in delivery program.
Barangaroo South Masterplan – Delivered to date – 284,000sqm office space – 159 apartments – 17,000sqm retail – Sale of development rights: Crown Integrated Resort – In delivery – 317 apartments (Residences One, One Sydney Harbour) – Remaining stages1 – 534 apartments – 1,000sqm retail2 – Delivered by Lendlease Construction – Crown Integrated Resort3 1. Subject to planning. 2. Relates to One Sydney Harbour. 3. Developed by Crown.
Barangaroo
South
Sustainability
Barangaroo South's precinct-wide approach to
sustainability has led to the project's
achievement as Australia's first carbon neutral
precinct, and a raft of national and international
awards. This includes the achievement of
6 Star Green Star ratings for the precinct
and commercial towers, representing
world leadership in sustainable design.
The basement features a precinct
recycled water treatment plant and chilled
water plant with harbour heat rejection that is
expected to save 100 million litres of water per
year.
The precinct’s achievements include:
• Delivery of over 50 social programs
• More than 20 per cent reduction in
embodied carbon for all buildings
completed to date
• Delivery of two cross laminated timber
buildings – Daramu and International
House
Sydney: Barangaroo South – on Gadigal Country
Brisbane
Showgrounds
Brisbane: Brisbane Showgrounds – on Yagera and Turrbal Country
Brisbane Project details
Showgrounds $2.8 billion total estimated development
end value
Secured 20091, expected completion 20331,2
25% complete by estimated development end
value
The Brisbane Showgrounds $2.1 billion remaining estimated development
end value
redevelopment represents an evolution
of the existing events precinct, Project Structure
providing a home for further Project Development Agreement with the
entertainment. Royal National Agricultural and Industrial
Association of Queensland (RNA)
Located 2km from the Brisbane CBD, the
project is one of Brisbane’s most connected Land management – land paid for in
mixed-use developments. instalments, linked to development progress
When complete, the area will incorporate Project Scheme
residential, commercial, retail, and cultural Mixed use regeneration scheme comprising:
spaces. The project has already seen the
creation of The Green and The Yards – 90,000sqm office space
residential apartments, Kingsgate commercial – 2,963 apartments
precinct and King Street which features a – 10,000sqm retail
Rydges Hotel alongside an assortment of
retailers.
Sustainability Ratings
kingstreetbrisbane.com
Brisbane Showgrounds:
– 6 Star Green Star Community
1. Financial year.
2. Subject to change in delivery program.
Brisbane Showgrounds Masterplan – Delivered to date – 30,000sqm office space – 757 apartments – 3,000sqm retail – Remaining stages1 – 60,000sqm office space – 2,206 apartments – 7,000sqm retail 1. Subject to planning.
Brisbane
Showgrounds
Sustainability
The development boasts leading Green
Building certifications demonstrating Brisbane
Showgrounds' leadership in sustainability.
Situated in the precinct’s heart, King Street
offers a mosaic of experiences, which
celebrate the cultural traditions of the site while
embracing innovation and imagination.
Innovation in construction techniques has been
a vital part of the precinct’s creation and has
seen the delivery of Queensland’s first and
Australia’s tallest engineered timber office
building. The construction technique using
preassembled engineered wood boasts a
number of sustainability benefits.
Timber buildings tend to be 30-50 per cent
lighter and 30 per cent quicker to construct,
compared to concrete buildings. Research
also indicates health benefits for those working
in timber buildings, including decreased blood
pressure and general improvements in
wellbeing.
Brisbane: 25 King, Brisbane Showgrounds – on Yagera and Turrbal CountryMelbourne
Quarter
Melbourne: Melbourne Quarter – on Kulin Nation CountryMelbourne Project details
Quarter $3.0 billion total estimated development
end value
Secured 20131, expected completion 20261,2
43% complete by estimated development end
value
Melbourne Quarter is a vibrant $1.7 billion remaining estimated development
end value
commercial, residential and cultural
neighbourhood. Project Structure
It will include three next-generation Project Development Agreement with
Marvel
commercial towers, two residential apartment Stadium
Development Victoria
towers, and a diverse mix of retail. Land management – land paid for in
instalments, linked to development progress
Once fully complete, the precinct will comprise
152,000sqm of commercial space for an Project Scheme
anticipated 14,000 employees.
Mixed use regeneration scheme, comprising:
One Melbourne Quarter is home to Arup, AMP
and Lendlease. Two Melbourne Quarter is – 147,000sqm office space
home to EnergyAustralia, International – 1,488 apartments
Working Group, Datacom, Productivity – 5,000sqm retail
Commission and IDP Education.
Sustainability Ratings
melbournequarter.com
Melbourne Quarter:
– 6 Star Green Star Community
One Melbourne Quarter:
– 6 Star Green Star Design and As Built
– 5.5 Star NABERS Energy Base Building
1. Financial year.
2. Subject to change in delivery program.Melbourne
Quarter
Masterplan
– Delivered to date
– 25,000sqm office / 1,000sqm retail
(One Melbourne Quarter)
– 50,000sqm office / 1,000sqm retail
(Two Melbourne Quarter)
– 719 apartments for sale
(East Tower)
– Remaining stages1
– 72,000sqm office space
– 769 apartments
– 3,000sqm retail
1. Subject to planning.Melbourne
Quarter
Sustainability
More than 50 per cent of Melbourne Quarter
will be dedicated to publicly accessible open
space. The Sky Park and recently opened new
public park, square and retail laneway
provide inclusive space for the community in
the heart of Melbourne’s CBD.
Leading sustainability credentials include:
• Walk score1 of 99/100, showcasing its
connectedness to the wider Melbourne
CBD
• 5 Star Green Star target for the
apartment towers
• Two Melbourne Quarter and Melbourne
Quarter Tower targeting 6 Star Green Star
1. An assessment of walkability by Walk Score. Melbourne: Two Melbourne Quarter – on Kulin Nation CountryVictoria
Harbour
Melbourne: Victoria Harbour – on Kulin Nation CountryVictoria Project details
Harbour $6.6 billion total estimated development
end value
Secured 20011, expected completion 20291,2
70% complete by estimated development end
value
$2.0 billion remaining estimated development
Victoria Harbour is located in end value
Melbourne where Collins Street and
Project Structure
Bourke Street meet.
Project Development Agreement with
Over the past 20 years, it has been Marvel
Development Victoria
transformed into a desirable destination with a Stadium
Land management – land paid for in
rich mix of residential, commercial and
instalments, linked to development progress
community space.
Project Scheme
It is a neighbourhood where open green
spaces, major corporate tenants and Mixed use regeneration scheme, comprising:
residential buildings come together to create a
vibrant mixed use precinct. – 260,000sqm office space
– 5,110 apartments
victoriaharbour.com.au – 22,000sqm retail
Sustainability Ratings
Victoria Harbour:
– 6 Star Green Star Community
Library at the Dock:
– 6 Star Green Star Public Building Design
839 Collins Street:
1. Financial year. – 6 Star Green Star Design and As Built
2. Subject to change in delivery program.Victoria Harbour Masterplan – Delivered to date – 260,000sqm office space – 3,069 apartments – 22,000sqm retail – Remaining stages1 – 2,041 apartments 1. Subject to planning.
Victoria
Harbour
Sustainability
Victoria Harbour is home to one of Australia’s
first Cross Laminated Timber buildings, Library
at the Dock, with the sustainable wood
alternative providing environmental benefits.
The development provides the community with
a variety of amenities such as walking, jogging
and cycle paths, and will continue to target
sustainable outcomes as the remaining
residential buildings are delivered.
Of the 30 hectares that make up the
development, 30 per cent is dedicated to open
public space.
The project is also focused on social outcomes
with initiatives such as Community Hub at The
Dock.
Melbourne: Victoria Harbour – on Kulin Nation CountrySydney
Place
Sydney: Artist’s impression of Sydney Place – on Gadigal CountrySydney Project details
Place $1.9 billion total estimated development
end value
Secured 20121, expected completion 20231,2
Delivery commenced 20171
Project Structure
Sydney Place is designed to be a Development Joint Venture formed in
world class precinct characterised by a December 2016, comprising 50% Ping An
network of pedestrian laneways, cafes, Real Estate, 30% Mitsubishi Estates and 20%
shops and restaurants. Lendlease
Upfront payment – site originally owned by
At its heart will be Salesforce Tower, a 58,000 Lendlease Development prior to formation of
square metre commercial tower created to Joint Venture
deliver some of the most progressive
workspace in the country. Project Scheme
Beyond the tower, the ground plane will be a Commercial office scheme, including retail
civic area including retail, a public bicycle hub spaces, public plaza, business innovation
and public art. space, a community building and public bike
hub, comprising:
sydneyplace.com
– 56,000sqm office space
– 2,000sqm retail
Sustainability Ratings
– 6 Star Green Star Design Review
Targeting:
– 6 Star Green Star
– WELL Core & Shell Platinum (pre
1. Financial year.
2. Subject to change in delivery program.
certification achieved)Sydney Place Masterplan – In delivery – 56,000sqm office / 2,000sqm retail
Sydney
Place
Sustainability
In addition to targeting leading sustainability
ratings, the project will also see significant
investment in the community including:
• Three-storey community building and major
public artwork
• Three-storey Business Innovation Space
within commercial tower
• Increase in the amount of public space for the
community of over 33 per cent
• More than 660 bike spaces provided across
the public cycle facility, commercial end of trip
and public realm
• Committed to a 5 Star NABERS1 energy
rating (targeting 5.5 stars)
• Enabled for digital efficiency verified through
a WiredScore Platinum rating
• Advanced Workplace Sensors to build
operational intelligence and drive building
efficiencies, human productivity and wellness
1. National Australian Built Environment Rating System Sydney: Artist’s impression of Salesforce Tower, Sydney Place – on Gadigal CountryWaterbank
Perth: Artists’s impression of Waterbank – on Whadjuk Noongar CountryWaterbank Project details
$1.4 billion total estimated development
end value
Secured 20131, expected completion 20291,2
Project to commence in 20221,2
Project Structure
Waterbank is located on the banks of Project Development Agreement with
the Swan River in Perth and will Metropolitan Redevelopment Authority
include a mix of residential and (administered by DevelopmentWA)
commercial and approximately four Land management – land payments funded
hectares of public realm. from project development proceeds
The riverfront homes will see a new Project Scheme
neighbourhood created for Perth whilst the
corporate precinct will feature a mix of open Mixed use regeneration scheme:
spaces, retail and campus-style amenity.
– 10,000sqm office space
waterbankperth.com.au – 1,308 apartments
– 2,000sqm retail
Sustainability Ratings
6 Star Green Star Community (PILOT v.02)
1. Financial year.
2. Subject to change in delivery program.Waterbank Masterplan – Remaining stages1 – 10,000sqm office space – 1,308 apartments – 2,000sqm retail 1. Subject to planning.
Waterbank
Sustainability
Across a six hectare site on the banks of the
Swan River, Waterbank will include a mix of
residential, commercial, retail and
approximately four hectares of public realm.
Waterbank has been designed on a foundation
of leading sustainability principles.
Both the commercial and residential buildings
will target high Green Star Design and/or As
Built ratings, a holistic sustainability rating tool
for new builds.
Perth: Artist’s impression of Waterbank – on Whadjuk Noongar CountryVictoria Cross
over station
development
Sydney: Artist’s impression of Victoria Cross Over Station Development – on Cammeraygal CountryVictoria Cross Project details
over station $1.2 billion total estimated development
end value
development Secured 20191, expected completion 20251,2
Project Structure
Project Development Agreement with Sydney
Lendlease is delivering the Sydney Metro
Metro
` Victoria Cross over station Development Joint Venture formed in 20201
Development. with the Lendlease managed Australian Prime
Property Fund Commercial (25% interest)
Above the station’s southern entrance will be a
42 storey tower across 58,000 square metres Staged payment – land paid for in instalments
of high-tech, premium space for office and Project Scheme
retail use.
Over station development comprising:
Below the tower, a retail-activated laneway will
provide convenience and amenity to tenants – 56,000sqm office space
and the community. – 2,000sqm retail
Sustainability Ratings
Targeting:
– 6 Star Green Star Design As Built
– WELL Core & Shell Platinum
1. Financial year.
2. Subject to change in delivery program.Victoria Cross over station development Masterplan – In delivery – 56,000sqm office / 2,000sqm retail
Victoria Cross
over station
development
Sustainability
As part of the wider Sydney City & Southwest
Metro project, the Victoria Cross over station
development will provide new employment and
retail opportunities, improved pedestrian
connections and high-quality outdoor spaces
that will add to a growing commercial and
residential precinct.
The project is targeting the highest green
building certification and will include:
• low carbon operations through an energy
efficient commercial building
• enhancements to the pedestrian
infrastructure around the metro station and
improvements to the public domain
• end of trip facilities and high indoor
environment quality outcomes for worker
wellbeing
• a dedicated multipurpose space that will be
open to the community
Sydney: Artist’s impression of Victoria Cross Over Station Development – on Cammeraygal CountryAsia
One
Major urbanisation project
$3.3 billion
Remaining estimated end value
2,326 units
Residential pipeline
168,000sqm
Commercial pipeline
Kuala Lumpur: The Exchange TRX
Artist’s impressionThe Exchange
TRX
Kuala Lumpur: The Exchange TRX
Artist’s impressionThe Exchange Project details
TRX $3.3 billion total estimated development
end value
Secured 20141, expected completion 20281,2
Delivery commenced 20171
Project Structure
The Exchange TRX is Lendlease's Lendlease 60% / TRX City 40%3
largest integrated development in Asia.
Staged payment – time and milestone based
It is located in the heart of Kuala Lumpur,
Project Scheme
Malaysia and will complement the
Government's vision to transform the broader Lendlease involvement relates to The
TRX precinct into a world-class business and Exchange TRX of the broader 28 hectare TRX
financial hub. development project
The project comprises a luxury hotel, six Mixed use seven hectare regeneration
residential towers, an office tower and a large scheme, comprising:
scale retail destination connected to the TRX
Park and dedicated Mass Rapid Transport – 2,326 apartments
(MRT) station. – 122,000sqm retail
The – 47,000sqm office and hotel
theexchange.my The
Exchange
Exchange
TRX
TRX
TUN RAZAK
EXCHANGE
Sustainability Ratings
The Exchange TRX, TRX Hotel and Office
– Targeting LEED Gold certification
The Exchange TRX and TRX Residences
– Targeting GBI Gold certification
1. Financial year.
2. Subject to change in delivery program.
3. Wholly owned subsidiary of the Malaysian Ministry of
Finance.The Exchange TRX Masterplan – In delivery – 122,000sqm retail – 443 apartments (Tower A, TRX Residences) – 453 apartments (Tower B, TRX Residences) – Remaining stages1 – 1,430 apartments – 47,000sqm office and hotel 1. Subject to planning.
The Exchange
TRX
Sustainability
Aspiring to be Kuala Lumpur’s most progressive
and sustainable new city precinct, with reduced
energy use, on site recycled water use and
integration of nature.
The Exchange TRX targets:
• Climate resilient design aligned to
Lendlease’s TCFD scenarios
• Sustainable infrastructure including public
transport connectivity, district-wide
wastewater treatment plant and residential
rooftop solar
• Healthier lifestyles via more than 2km of
pathways with more than 180,000 plantings
from 170 local plant species
• Safety Supervisor Apprenticeship Program to
train 150 safety apprentices
• Founded Connecting Families, a mental
wellbeing and resilience partnership impacting
construction workers
• Founded Projek Komuniti Kita, a multi-
stakeholder partnership to uplift the wellbeing
of women and children from low-income Kuala Lumpur: The Exchange TRX
community groups Artist’s impressionEurope
Nine
Major urbanisation projects
$48.4 billion
Remaining estimated end value
26,019 units
Residential pipeline
1,714,000sqm
Commercial pipeline
London: Elephant Park
Artist’s impressionThamesmead
Waterfront
London: Thamesmead WaterfrontThamesmead Project details
Waterfront $14.5 billion total estimated development
end value
Secured 20201, expected completion 2040+1,2
Project to commence in 20251,2
Project Structure
The project will look to revitalise the Joint Venture partnership with Peabody
Thamesmead
existing Thamesmead town centre, Waterfront
creating new cultural, community and Land management – phased drawdown in line
with development progress
commercial space, along with many
new homes. The deal will be conditional on significant
transport upgrades to the area
It will deliver a minimum of 11,500 homes with
much of the site currently undeveloped and Project Scheme
underpopulated. It includes 2.5 kilometres of Mixed use regeneration scheme, comprising:
river frontage, as well as an abundance of
green space and two lakes. – 37,000sqm office
– 11,500 apartments (c.25% for rent3)
A new cross-river extension of the Docklands – 45,000sqm retail
Light Railway to Thamesmead is critical to
unlocking the full ambition of the 100 hectare
development.
1. Financial year.
2. Subject to change in delivery program.
3. Indicative and excludes affordable housing
component.Thamesmead
Waterfront
DRAFT – SUBJECT TO VERIFICATION
Sustainability
The project’s scale and riverside location, with
an abundance of green space, provides the
opportunity to create a vibrant location for
people to live, work and visit.
The development will strive to:
• Enhance the site’s unique landscape with
additional biodiversity and wildlife facilities
• Create a learning environment that fosters
individual empowerment, social cohesion
and economic prosperity
• Transform local connections to recalibrate
behaviour and the environment from a
reliance on cars
• Maximise the benefits of transport nodes for
sustainable regeneration
• Reduce residents’ carbon footprint and fuel
poverty by maximising energy efficiency
standards
Image – illustrative onlyEuston
Station
London: Euston StationEuston Project details
Station $10.5 billion total estimated development
end value
Secured 20181, expected completion 2040+1,2
Project to commence in 20261, subject to
Euston
Euston outline planning consent
Station
Station
This urbanisation project will see the Project Structure
development of the 22 hectare site Lendlease is Master Development Partner
above and around Euston Station,
Development Agreement with Secretary of
which from 2026 will house the State for Transport and Network Rail
terminus of the UK’s new high-speed Infrastructure Limited
rail link, HS2.
Land management – variable land price
As one of London’s largest urban renewal calculated and paid on phased draw down,
projects, the redevelopment of Euston subject to pre-conditions
comprises c.400,000 square metres of office,
Project Scheme
retail, hotel and leisure spaces, and will also
deliver a significant number of new homes. Sustainable mixed use district to be delivered
City of in multiple phases including the following
London indicative uses:
– 335,000sqm office
– 2,000 apartments (c.30% for rent3)
– 65,000sqm retail
1. Financial year.
2. Subject to change in delivery program.
3. Indicative and excludes affordable housing
component.Euston
Station
Sustainability targets and outcomes
Lendlease has an aspiration for Euston to be
an industry-leading sustainable development.
This means aspiring to deliver a development
which is aligned to the UK government
legislation to be net zero carbon by 2050.
Whilst the project is still in its early stages of
planning, it will align with Lendlease’s climate
risk scenarios, established through the
Taskforce for Climate-related Financial
Disclosures (TCFD).
Social programs which support the local
community will also form a key part of the
agenda.
London: Euston Station
Artist’s impressionSilvertown
Quays
London: Silvertown QuaysSilvertown Project details
Quays $6.4 billion total estimated development
end value
Secured 20181, expected completion
20331,2
Project to commence in 20221, subject to
pre-completion conditions
Silvertown Quays is a major
Project Structure
urbanisation project in East London Liverpool
Street
bordering the Royal Victoria Dock. Delivery Agreement with the Greater
London Authority
When redevelopment is complete Silvertown
will provide thousands of new homes as well Lendlease and Starwood Capital jointly
as commercial and community space. acquired the Silvertown Partnership on a
50% co-investment basis
Silvertown
The site is also home to Silo D, a Grade II Quays
Land management – variable land price
listed, reinforced concrete grain silo which calculated and paid on phased draw down,
dates to the 1920s and will become a focal subject to pre-conditions
point of the new development.
Project Scheme
silvertown.co.uk
20 hectare mixed use regeneration scheme,
current master plan comprises of:
– 417,000sqm office space
– 3,000 apartments (c.15% for rent3)
– 23,000sqm retail
1. Financial year.
2. Subject to change in delivery program.
3. Indicative and excludes affordable housing
component.Silvertown
Quays
Sustainability
Silvertown aims to create a place that is
innovative and environmentally
sustainable and will provide tangible benefits
for the local community for the long-term.
The project aims to achieve:
• BREEAM1 certification for non-residential
properties, a sustainability assessment for
the built environment
• All residential buildings to achieve 3-Star
Home Quality Mark2
Silvertown will look to create value for existing
local residents and for the communities it
creates by targeting:
• 25 per cent of the workforce to be Newham
residents during construction phase
• Employment opportunities for Newham
residents in 60 per cent of vacancies
generated by the project post-construction
1. Building Research Establishment Environmental
Assessment Method. London: Silvertown Quays
2. Certified by BRE. Artist’s impressionMilano
Santa Giulia
Milan: Milano Santa Giulia
Artist’s impressionMilano Project details
Santa Giulia $3.9 billion total estimated development
end value
Secured 20181, expected completion 20341,2
South Area expected completion 20221,2
Project Structure
Milano Santa Giulia covers more than Land management – variable land price
110 hectares in the southeast of Milan. calculated and paid based on development
proceeds
The project is split into two distinct areas to the
north and south of a new mixed-used Project Scheme
development that has the potential for c.2,600
Mixed use scheme to be delivered in multiple
homes alongside a new commercial office,
phases including:
retail and entertainment district.
– 124,000sqm office space
It is a ten minute drive from Milano Linate
– 2,558 apartments
international airport and fifteen minutes from
– 108,000sqm retail, leisure and arena
the city centre, enjoying excellent connectivity
by metro, rail and road across the city and
beyond. Sustainability Ratings
milanosantagiulia.com Spark One and Spark Two targeting:
– LEED Platinum ratings
– WELL Core & Shell Platinum
1. Financial year.
2. Subject to change in delivery program.Milano
Santa Giulia
Commercial
Residential
Masterplan Arena
– In delivery Retail and leisure
– 28,000sqm office and retail (Spark One)
Residential
– 18,000sqm office and retail (Spark Two)
– Remaining stages1
– 80,000sqm office space
Parklands
– 2,558 apartments
– 106,000sqm retail, leisure and arena
Residential
Spark One
Sky HQ
Spark Two
Commercial
1. Subject to planning.Milano Santa Giulia Sustainability Milano Santa Giulia aims to create a sustainable combination of residential areas, green spaces, offices, commercial areas and venues of cultural interest. The project is the first urban district in Italy to be registered to the LEED Neighbourhood Development Protocol1,2, a benchmark for sustainability. As a precinct, Milano Santa Giulia is focused on smart mobility, green spaces and biodiversity, energy efficiency, water consumption, sustainability of materials and recycling. To demonstrate this, buildings Spark One and Two are targeting the achievement of LEED Platinum rating1. Buildings Spark One and Spark Two are also being designed to achieve WELL certification3 for their support for health and wellbeing. 1. Leadership in Energy and Environmental Design. 2. Milano Santa Giulia North development. Milan: Milano Santa Giulia 3. Certified by the International WELL Building Institute. Artist’s impression
Milan
Innovation
District
Milan: Milan Innovation District
Artist’s impressionMilan Project details
Innovation $3.7 billion total estimated development
end value
District MIND
Secured 20191, expected completion 20321,2
Project expected to commence in 20211,
subject to planning approval
The Milan Innovation District aims to Project Structure
be a major new precinct for science, Concession Agreement with Arexpo SpA
knowledge and innovation. Group
Staged payment – land paid for in instalments
Located on the former Expo site in Milan, Italy,
the project is a multi-phased, mixed-use Project Scheme
redevelopment featuring office, residential,
retail and public realm. 100 hectare mixed use redevelopment
including:
The 100 hectare site is located to the north
west of the Milan CBD and already benefits – 304,000sqm office space
from excellent transport links and – 1,125 apartments (100% for rent)
infrastructure. – 33,000sqm retail
mindmilano.it
Sustainability Ratings
All buildings targeting minimum LEED Gold
1. Financial year.
2. Subject to change in delivery program.Milan
Innovation
District
Masterplan
– Remaining stages1
– 304,000sqm office
– 1,125 apartments
– 33,000sqm retail
– Outside Lendlease
concession agreement
– Hospital
– University
– Human Technopole
HOSPITAL UNIVERSITY
HUMAN
TECHNOPOLE
1. Subject to planning.Milan
Innovation
District
Sustainability
The project considers factors such as energy
efficiency, the use of water resources, the
impact of new buildings on the existing
surroundings, the efficiency of technological
instruments and the presence of green spaces
and pedestrian areas.
The project will also work in partnership to
enable the inclusion on the project of
individuals who have previously been
imprisoned through training and job
opportunities as part of the Program 2121 in
partnership with the Italian Department for
Justice.
Milan: Milan Innovation District
Artist’s impressionInternational
Quarter
London
London: International Quarter London
Artist’s impressionInternational Project details
Quarter IQL $5.1 billion total estimated development
end value
London1 24 mins
Secured 20102, expected completion 20292,3
37% complete by estimated development end
value
International Quarter London is a new $3.2 billion remaining estimated development
commercial district positioned at the end value
gateway to the Queen Elizabeth Olympic Project Structure
Park in East London’s borough of Stratford. 8 mins
Staged payment
The nearly nine hectare development is
already home to major organisations including Project Scheme
TfL, Unicef and the FCA.
Nine hectare office led mixed use scheme to
be delivered in multiple phases, comprising:
The precinct features innovative workplace
design with employee wellbeing at its heart
City of – 239,000sqm office space
alongside residential and retail amenity.
London – 684 apartments (c.20% affordable)
– 8,000sqm retail
internationalquarter.London
Sustainability Ratings
Outstanding BREEAM and WELL Gold
(Building S9)
Excellent BREEAM (Buildings S5 and S6)
1. During the period, the Group disposed of its 50 per
cent stake in International Quarter London – North
and purchased the remaining 50 per cent stake in
International Quarter London – South.
2. Financial year.
3. Subject to change in delivery program.International Quarter London Masterplan – Delivered to date – 97,000sqm office space – 333 apartments – 2,000sqm retail – Remaining stages1 – 142,000sqm office space – 351 apartments – 6,000sqm retail 1. Subject to planning.
International Quarter London Sustainability All new commercial buildings aim to achieve a minimum Gold WELL Building certification1 which recognises buildings focused on supporting health and wellbeing. The project has already achieved the highest level of BREEAM certification2 for plot S9, the third commercial building, post-construction, a world leading sustainability assessment for the built environment. Collaborating with residents and engaging and empowering the local community has also formed a key part of the project. So far International Quarter London has provided jobs for 1,329 local residents from the London Borough of Newham and 301 apprenticeships. 1. Certified by the International WELL Building Institute. 2. Building Research Establishment Environmental London: International Quarter London Assessment Method. Artist’s impression
Elephant
Park
London: Elephant Park
Artist’s impressionElephant City of
Project details
Park London $4.5 billion total estimated development
end value
Secured 20101, expected completion 20261,2
36% complete by estimated development end
value
The regeneration of Elephant Park will $2.9 billion remaining estimated development
end value
build on Elephant & Castle’s heritage
and create thousands of high-quality Project Structure
new homes, jobs, business Partnership with London Borough of
opportunities and green space for Southwark
Londoners.
Provided assets for establishment of
residential for rent platform
Located in central London, the area has a rich
history to be preserved whilst transforming the Staged payment – land paid for in instalments
space into an exciting place to live, work and
visit. Project Scheme
elephantpark.co.uk Residential led mixed use regeneration
scheme across three sites, comprising:
– 43,000sqm office
Elephant
– 3,208 apartments (c.30% for rent3)
Park – 12,000sqm retail
Sustainability Ratings
Excellent BREEAM (Elephant Park Energy
Hub)
1. Financial year.
2. Subject to change in delivery program.
3. Indicative and excludes affordable housing
component.Elephant Park Masterplan – Delivered to date – 1,474 apartments – 5,000sqm retail – In delivery – 445 apartments: 354 for rent and 91 affordable (Park Central North) – 384 apartments: 309 for rent and 75 affordable (East Grove) – 222 apartments: 118 for rent and 104 affordable (MP4-H11A) – 424 apartments: 123 for rent and 301 for sale (Park & Sayer) – Remaining stages1 – 43,000sqm office – 259 apartments – 7,000sqm retail 1. Subject to planning.
Elephant
Park
Sustainability
Our aim at Elephant Park is to create one of
the world’s most sustainable inner-city
projects.
Partnering with the community has been key;
the project facilitated 198 apprenticeships,
including 127 local Southwark residents1, and
1,524 jobs have been provided for local
residents since 2013.
Other achievements include:
• Lendlease recognised for supporting
Southwark council's drive to make Elephant
Park the first Living Wage Zone in the
country. All 1,400 workers involved in the
construction of Elephant Part are paid the
real Living Wage
• 2,814 NVQ Courses in conjunction with
Southwark Construction Skills Centre1
London: Elephant Park
1. Achieved from 2016 to September 2019. Artist’s impressionHigh Road
West
London: High Road West
Artist’s impressionHigh Road High
Road
Project details
West West $2.0 billion total estimated development
end value
Secured 20181, expected completion 20301,2
Project to commence in 20221, subject to
planning
The vision for High Road West is to Project Structure
deliver a place that provides the very Development Partner for London Borough
best of modern living while Haringey
reinvigorating the sporting and Land management – variable land price
entrepreneurial heritage of its existing calculated and paid on phased draw down,
communities. subject to pre-conditions
It will see the creation of c.2,500 new homes, a Project Scheme
new library, community hub, cultural buildings,
Residential led scheme to be delivered in
public spaces, shops, cafes and work spaces,
multiple phases, comprising:
all sitting alongside the new Tottenham FC
stadium.
– 2,501 apartments (c.25% for rent3)
– 14,000sqm retail
highroadwest.London
City of
London
1. Financial year.
2. Subject to change in delivery program.
3. Indicative and excludes affordable housing
component.High Road
West
Sustainability
Lendlease and the London Borough of
Haringey have an inspiring ambition to create
a positive social legacy for North Tottenham,
providing socio-economic equality, prosperity
and delivering an exemplar sustainability
strategy.
This includes providing opportunities for the
community to develop skills for long-term
employment.
The project is targeting:
• £10m socio-economic contribution towards
programs that support skills, employment,
health, wellbeing and education initiatives
• Thousands of construction jobs and
hundreds of end-user operational jobs
• Creation of green spaces and public realm
• Bringing nature into the urban environment
• Improving people’s pride in their place and
increasing health and wellbeing
London: High Road West
Artist’s impressionDeptford
Landings
London: Deptford Landings
Artist’s impressionDeptford Project details
Landings City of
London
$1.5 billion total estimated development
end value
Secured 20141, expected completion 20281,2
13% completed by estimated end development
value
Lendlease is working with the London $1.3 billion remaining estimated end
development value
Borough of Lewisham to regenerate
over four hectares of space in the Project Structure
heart of Lewisham. Upfront payment – land acquisition and
assembly costs paid upfront
This mixed-use project will deliver more than
1,400 new homes across six neighbourhoods Project Scheme
and 10,000 square metres of new commercial,
retail and leisure space. 4.7 hectare residential led mixed use scheme,
comprising:
Five minutes' walk to the River Thames, the
precinct is surrounded by 11 hectares of – 7,000sqm office space
existing parkland. – 1,453 apartments (c.30% for rent3)
– 3,000sqm retail
Deptford Sustainability Ratings
Landings
All retail and office space built to BREEAM
standard
1. Financial year.
2. Subject to change in delivery program.
3. Indicative and excludes affordable housing
component.Deptford Landings Masterplan – Delivered to date – 203 apartments (Cedarwood Square) – Remaining stages1 – 7,000sqm office space – 1,250 apartments – 3,000sqm retail 1. Subject to planning.
Deptford
Landings
Sustainability
Deptford Landings aims to increase
pedestrian permeability through the creation of
new streets, linkages with existing pedestrian
areas and increased green landscaped area.
Building on the rich history of the
neighbourhood, the project hopes to
imitate some historical features such as the old
canal way in the form of a waterline.
The project aims to provide:
• All retail and office space built
to BREEAM standard1, a sustainability
assessment for the built environment
• 132 work experience opportunities
• Support for 200 students to develop their
employability skills
1. Building Research Establishment Environmental London: Deptford Landings
Assessment Method. Artist’s impressionAmericas
Five
Major urbanisation projects
$26.2 billion
Remaining estimated end value
18,904 units
Residential pipeline
53,000sqm
Commercial pipeline
Chicago: Southbank
Artist’s impressionSan Francisco
Bay Area
San Francisco Bay Area project
Artist’s impressionSan Francisco Project details
Bay Area $20.0 billion total estimated development
end value
project Secured in 20201, expected completion in
20371,2
Project expected to commence in 20221,
subject to planning
In partnership with Google, Lendlease
Project Structure
is undertaking a series of urban
renewal projects across three Development Agreement with Google to jointly
suburban scale ‘districts’. undertake the master planning, entitlement
and development within three major districts:
Lendlease estimates it will develop up to 15 San Jose, Sunnyvale, and Mountain View in
million square feet of residential, retail, California
hospitality, and other associated community Land management – land payments based on
uses in the new neighbourhoods. Google will residual land value
focus on developing its office space within
these mixed communities. Project Scheme
Residential led scheme, comprising:
– c.15,000 apartments
1. Financial year.
2. Subject to change in delivery program.San Francisco
Bay Area
project
Sustainability
Lendlease in partnership with Google is
undertaking an unprecedented series of urban
renewal projects across three suburban scale
‘districts’. A series of integrated masterplans,
each has a vision of creating places that; foster
community participation and civic engagement,
provide a diversity of housing choice and
affordability, demonstrate best in class
environmental stewardship and deliver
significant and diverse local employment
opportunities.
Such initiatives may include:
• A jobs training and skilling program
• The early provision of community buildings
and places
• Application of building materials that
support sustainable building practices
• Designed for recognised benchmark
sustainability indicators
San Francisco Bay Area Project
Artist’s impressionLakeshore
East
Chicago: Lakeshore East
Artist’s impressionLakeshore Project details
East $2.0 billion total estimated development
end value
Secured in 20191, expected completion in
20261,2
Project Structure
The project will create three high rise First two buildings delivered through the
Lendlease Americas Residential Partnership
residential towers located on a
prominent parcel of land where Lake Staged payment – land paid for in instalments
Michigan meets the Chicago River. Project Scheme
Planned to be completed in phases, work is Mixed use scheme, to be delivered in multiple
underway on phase one which comprises two phases comprising:
residential buildings to be known as Cirrus and
Cascade. Lakeshore – 1,197 apartments (c.40% for rent)
East
– 2,000sqm retail
These buildings will be developed alongside
Cascade Park, a publicly accessible green
space that will provide an activated connection Sustainability Ratings
to the lakefront and Chicago Riverwalk.
Each building targeting
– LEED Gold
– Fitwel Certification
1. Financial year.
2. Subject to change in delivery program.Lakeshore
East
Masterplan
– In delivery
– 350 apartments for sale
(Cirrus), 700 sqm retail
– 503 apartments for rent
(Cascade)
– Remaining stages1
– 344 apartments
– 1,300sqm retail
Cirrus Cascade
1. Subject to planning.Lakeshore
East
Sustainability
Upon completion, the Lakeshore East
neighbourhood will be home to three high-rise
towers, all targeting LEED Gold ratings1 and
Fitwel certification for their commitment to
sustainability.
The project will create Cascade Park, a public
3,000sqm green space that provides an
activated connection to the lakefront and river
walk. The park will include lush landscaping,
passive wellness features, meandering
pathways, outdoor living rooms for recreational
use, terrace seating and a public dog park,
while the project buildings will feature green
roofs with flower gardens.
The project is focused on local procurement
and supply diversity, forecasting to meet $3
million in contracts to Chicago’s Hire Diverse
Workforce requirements for construction costs.
Chicago: Lakeshore East
1. Leadership in Energy and Environmental Design. Artist’s impressionSouthbank
Chicago: SouthbankSouthbank Project details
Chicago $2.0 billion total estimated development
end value
Secured in 20151, expected completion in
20271,2
15% complete by estimated development end
value
Southbank is a new neighbourhood
$1.7 billion remaining estimated development
development located on the South end value
Branch of the Chicago River.
Project Structure
The Southbank neighbourhood will comprise
c.2,000 units across several high rise towers Cooper at Southbank and Building E delivered
surrounding a public park. The Cooper at through Lendlease Residential Americas
Southbank has already been completed with Partnership
452 new homes. Upfront payment
southbankchicago.com Project Scheme
Mixed use regeneration scheme, comprising:
– 21,000sqm office space
– 1,978 apartments (c.65% for rent)
– 3,000sqm retail
Sustainability Ratings
Southbank
The Cooper at Southbank
– LEED Gold
Remaining buildings targeting LEED Gold
1. Financial year.
2. Subject to change in delivery program.Southbank Chicago Masterplan – Delivered to date – 452 apartments for rent (The Cooper at Southbank) – 1,000sqm retail – In delivery – 217 apartments for rent (c.50% of Building E) – Remaining stages1 – 21,000sqm office space – 1,309 apartments – 2,000sqm retail 1. Subject to planning.
Southbank Chicago Sustainability Promoting resident wellbeing, a sense of community and a resilient transformation of the riverfront, the three hectare development at Southbank is targeting LEED Gold ratings1, an internationally recognised standard in green building. The Cooper, Lendlease’s first residential for rent building, opened to residents at the end of 2018 with a certified LEED Gold1 rating. The location also boasts a 95/100 walk score2. The Cooper sits alongside Southbank Park, a new 0.8 hectare green space. The landscaping incorporates on-site stormwater management systems as well as environments that support native flora and fauna, honeybees and both resident and migratory birds. The park also features thirteen birdhouses created by students from the University of Illinois. 1. Leadership in Energy and Environmental Design. Chicago: The Cooper, Southbank 2. An assessment of walkability by Walk Score.
30
Van Ness
San Francisco: 30 Van Ness
Artist’s impression30 Project details
Van Ness $1.5 billion total estimated development
end value
Secured in 20171, expected completion in
20251,2
Project to commence in 20221, subject to
planning
30 Van Ness will see the development
Project Structure
of a mixed-use tower in San Francisco
comprising office and residential Sale leaseback with the City of San Francisco
space. during entitlement period
Upfront payment
The project is expected to deliver 25,000
square metres of office space and 333 Project Scheme
apartments.
Mixed use regeneration scheme, comprising:
– 25,000sqm office space
– 333 apartments (c.25% affordable)
30 Van Ness Sustainability Ratings
Targeting:
– LEED Platinum
– WELL Core Silver
1. Financial year.
2. Subject to change in delivery program.30 Van Ness Masterplan – Remaining stages1 – 25,000sqm office space – 333 apartments 1. Subject to planning.
30
Van Ness
Sustainability
Commencing Construction Documentation, 30
Van Ness is promoting high levels of
sustainability and wellbeing.
It will target
• Net zero carbon emissions during operation
• An all-electricity building (no gas)
• Dynamic glass promoting energy efficiency
• Wired1 certification for enhancement of
digital infrastructure and resiliency
• Bike parking provided to almost double the
amount required by the city
Social engagement is also a priority for the
project. Public events and programming in
partnership with the Civic Center Community
Benefit District and the Intersection for the Arts
are underway. 25 per cent of apartments will
be affordable and there will be 90 square
metres of retail space dedicated to non-profit
organisations at below market rates.
1. An assessment of real estate providing the most
advanced and resilient digital infrastructure by Wired San Francisco: 30 Van Ness
Score. Artist’s impression1 Java Street
New York: 1 Java Street
Existing site1 Java Street The property is uniquely positioned on the Greenpoint waterfront and will also encompass a reimagined public waterfront esplanade with improved connection to the India Street Pier and NYC Water Ferry. 1. Subject to planning.
1 Java Street Project details
$1.0 billion total estimated development
end value
Secured in 20211, expected completion in
20271,2
Project to commence in 20241, subject to
planning
The project will transform a full city
Project Structure
block into a mixed-use development.
Delivered through the Lendlease Americas
The project is expected to deliver Residential Partnership
approximately 850 apartments for rent, with 30
per cent of the apartments designated as Upfront payment
affordable housing.
Project Scheme
Mixed use regeneration scheme, comprising:
– 848 apartments for rent
– 2,000sqm retail
Sustainability Ratings
Targeting:
– LEED Gold
1. Financial year.
2. Subject to change in delivery program.Lendlease FY20 Financial Results 89
Important This document has been prepared and is issued by Lendlease Corporation Limited (ACN 000 226 228) (Lendlease) in good faith. Neither
Lendlease (including any of its controlled entities), nor Lendlease Trust (together referred to as the Lendlease Group) makes any representation or
warranty, express or implied, as to the accuracy, completeness, adequacy or reliability of any statements, estimates, opinions or other information
notice contained in this document (any of which may change without notice). To the maximum extent permitted by law, Lendlease, the Lendlease Group
and their respective directors, officers, employees and agents disclaim all liability and responsibility (including without limitation any liability arising
from fault or negligence) for any direct or indirect loss or damage which may be suffered, howsoever arising, through use or reliance on anything
contained in or omitted from this document.
This document has been prepared without regard to the specific investment objectives, financial situation or needs of any recipient of this
presentation. Each recipient should consult with, and rely solely upon, their own legal, tax, business and/or financial advisors in connection with
any decision made in relation to the information contained in this presentation.
Prospective financial information and forward looking statements, if any, have been based on current expectations about future events and are
subject to risks, uncertainties and assumptions that could cause actual results to differ materially from the expectations expressed in or implied
from such information or statements.
Lendlease Group’s statutory results are prepared in accordance with International Financial Reporting Standards (IFRS). This document also
includes material that is not included in Lendlease Group’s statutory results and contains non-IFRS measures. Material that is not included in
Lendlease Group’s statutory results has not been subject to audit. Lendlease Group’s auditors, KPMG, performed agreed upon procedures to
ensure consistency of this document with Lendlease Group’s statutory results, other publicly disclosed material and management reports.
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