Market Chatter: Lendlease Group In Talks with Japan-Based Firm for Luxury Development Site Purchase in Sydney

MT Newswires Live

2025/05/22

Lendlease Group (ASX:LLC) is in talks with Mitsubishi Estate Asia to support its plans to purchase a luxury development site in Hyde Park in Sydney, New South Wales, which could generate over AU$2 billion in apartment sales, The Australian reported Wednesday.

The company is partnering with Mitsubishi Estate Asia to acquire the tower at 175 Liverpool Street, owned by interests associated with Chinese-Australian billionaire Hui Wing Mao.

Gaining control of the Sydney site would allow the company to start the approved project and add more top-end units to its pipeline, but the ownership split remains unknown as the developer has declined to comment in the article.

Lendlease did not immediately respond to a request for comment by MT Newswires.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)</p></body></html>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"XKO.AU","symbol_name":"標普/澳交所 300指數","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2537896297","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2537896297","pubTimestamp":1747883275,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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