Lend Lease wins Perth's Waterbank tender
Lend Lease has been selected as the preferred Waterbank, East Perth redevelopment tender. The project will be staged over 10 years with an end development value of $1 billion, under a land management structure.
Waterbank is a key precinct in the state government’s Riverside project being overseen by the East Perth Redevelopment Authority.
The project is a four-hectare mixed-use precinct on the banks of the Swan River and is proposed to include more than 700 residential apartments, a hotel, commercial offices, retail and substantial public spaces for residents and visitors.
Lend Lease Group chief executive officer and managing director Steve McCann says the company’s selection reflects Lend Lease’s international experience and expertise in urban regeneration.
“This large-scale urban redevelopment plays to Lend Lease’s core strengths and enables us to leverage our integrated model, including development, construction and funds management,” McCann adds.
