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  #26221  
Old Posted Today, 2:04 AM
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munchymunch munchymunch is offline
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http://www.smh.com.au/business/prope...21-118oby.html

[QUOTE]In April this year, Lend Lease unveiled an agreement to reduce its co-investment in the International Towers Sydney Trust from 25 per cent to 15 per cent via a sale to international pension fund APG.
"Also in April 2014, the company announced that the Lend Lease group will commence the development and funding of 100 per cent of the Barangaroo South commercial building known as Tower 1, via existing capital sources. The development activities in relation to the Barangaroo South development, including Tower 1, are managed by a subsidiary of the company," the notice of meeting says.
This was also supported by Mr McCann at the recent investor day where he said a key focus of the group remains on securing further large-scale urban redevelopments, with cash coming from the sale of existing projects.


Looks like Lend Lease looking for funding in there future projects maybe even there future Chicago one?

On Bidclerk 1001S State is listed to have a hotel with it.....
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  #26222  
Old Posted Today, 2:57 AM
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wierdaaron wierdaaron is offline
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Quote:
Originally Posted by munchymunch View Post
On Bidclerk 1001S State is listed to have a hotel with it.....
wha?
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  #26223  
Old Posted Today, 3:16 AM
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Originally Posted by wierdaaron View Post
wha?
That's what I thought.... It's also listed as U/C.

https://www.bidclerk.com/project/2736479.html

Quote:
Site work and new construction for a mixed-use development in Chicago. Completed plans call for the construction of a 397-unit, 40-story multi-residential tower.
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  #26224  
Old Posted Today, 3:50 AM
SamInTheLoop SamInTheLoop is offline
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^^^ Surely an error, no? Think the permit just issued would have mentioned hotel. I doubt the PD has this flexibility. Also, Golub doesn't do hotel development a AFAIK (see their history of involvement w Block 37 and their avoidance of hotel component). Mr. Downtown: any chance you're able to squash this rumor?
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