Builder and developer Lendlease is facing a write-off of up to $100 million after the NSW Supreme Court rejected its claim to a group of land parcels for housing development in Sydney’s south-west.
Spread over hundreds of hectares of farmland south of Campbelltown on the eastern side of the Hume Motorway, the parcels were once part of the larger Figtree Hill housing estate. Lendlease was developing that estate before last year, selling it along with others as part of a $1.1 billion portfolio deal with Stockland.
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