Infrastructure company Lend Lease Group (ASX:LLC) has inked leasing deals with tenants for its Barangaroo South development in Sydney.
Westpac Banking Corporation (ASX:WBC) and KPMG are among the new tenants who have entered into agreements to lease floor space.
Westpac, KPMG and Lend Lease expect to start occupying the towers from the middle of 2015 to early 2016.
CEO Steve McCann says the pre-commitments represent Australia’s largest ever commercial leasing commitment for a single development.
Mr McCann has also advised Barangaroo South construction continues to progress well with the perimeter retention wall now complete and piling for the first commercial tower underway.
In the first half of its 2012 financial year Lend Lease Group posted a net profit of $219.4 million.
LLC Price at posting:
$7.31 Sentiment: None Disclosure: Held
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