By Aimee Chanthadavong
The property developer has received NSW Government approval to its more recent changes to the Barangaroo South site.
A Lend Lease spokesperson told Retailbiz that the Concept Plan has been amended on four occasions.
“Each amendment has provided additional benefits for the people of Sydney and for the businesses and residents who will eventually move to the former container port that is destined to become a vibrant extension of the CBD,” the spokesperson said.
Some of the amendments to the approved plans include new low rise buildings with retail at ground level, increased residential floor area and an improved mix of retail, commercial, leisure and cultural facilities
“Although the concept plan amendments do not alter the original amount of Gross Floor Area for retail (33,777 square metres), nevertheless the amendments do provide major enhancements for the public domain around the retail areas – including far more activation of the public spaces and streets,” the spokesperson said.
“At this stage, Lend Lease has not made any announcements about specific retailers.”
However, the spokesperson noted that expressions of interest have already been made from leading international businesses, including professional and financial services firms, domestic and international banks, retailers and hotel groups.
“We are also working to attract interest from innovative start-ups and cultural/artistic businesses, as we want the site to be as diverse and dynamic as possible.”
Barangaroo South will be delivered in stages. Basement works have been approved and a Project Application has been lodged for the first major commercial building. Lend Lease will submit applications for other buildings over the coming months with the first commercial building programmed to be completed in 2014.
- Lend Lease sells Singaporean stake
- GPT sells Erina Fair interest to Lend Lease
- Property innovation winners announced
- Lend Lease to lead Sydney redevelopment
- Lend Lease hunts for tenants