[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.....