.
Lend Lease Group (ASX:LLC) says it has reached financial close on Darling Square and the ICC Sydney Hotel.
The deal with Infrastructure NSW and Sydney Harbour Foreshore Authority to develop the two sites is expected to have an end value of $1.9 billion under land management structure.
It’s all part of a major infrastructure project to transform Darling Harbour as well as deliver a new convention, entertainment and exhibition centre.
Ground on the project will be broken by the end of the year.
Lend Lease posted a net profit of $823 million for the 2014 financial year.
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$5.44 |
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Mkt cap ! $3.754B | |||
| Open | High | Low | Value | Volume |
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