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Crown Estate invests A$300 million in Lendlease’s London, Birmingham projects

The Crown Estate has invested A$300 million to (€172 million) a 50:50 UK joint venture with Lendlease to develop six projects in London and Birmingham, with a further A$125 million commitment planned over the next five years as its share of the development costs.

Lendlease’s UK projects portfolio, which includes residential and life science offices, will have an end-value of close to A$49 billion (€28 billion).

The projects were assembled over the past decade by the Sydney-based company, which is in the final phase of selling down its international operations under a new strategy for the business.

Source: IPE Real Assets on 19 May 2025
https://realassets.ipe.com/news/crown-estate-invests-a300m-in-lendleases-london-birmingham-projects/10130606.article