Lend Lease and Multiplex vie for Perth Waterbank tender
The Lend Lease Group syndicate is up against a Brookfield Multiplex-led consortium as the final two tenders to develop the Waterbank prime riverside site in Perth.
"East Perth Redevelopment Authority is in the final stages of evaluating two submissions from Lend Lease and Brookfield Multiplex Constructions with Frasers Property Australia, to develop Waterbank and deliver a new precinct for local residents and visitors to the city," says Western Australian Planning Minister John Day.
The government's urban development agency is in the final stages of evaluating bids for the right to develop a four-hectare site known as Waterbank near the city centre.
Waterbank is the first stage of a planned $2.6 billion development of Perth's riverside area, which would involve building 3,400 homes and more than 80,000 square metres of retail and commercial space.