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Toxic Material Fears Stop Work at $6 Billion Barangaroo Project Again

barangaroo proposal2

A SECOND work stoppage in three months has plagued the much hyped development of Lend Lease Group’s $6 billion Barangaroo project, on a waterfront piece of the Sydney CBD.

Crumbled asbestos, believed to have been disturbed by trucks or other heavy vehicles accessing the site, are believed to have caused the concern this time. About 40 staff downed tools due to fear about toxic materials.

The Construction, Forestry, Mining and Energy Union (CFMEU) will meet today (June 26) to determine whether it was safe to resume work.
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Lend Lease Wins $315 Million Contract to Widen West Motorway, Sydney

m5 motorway

LEND Lease has secured the $315 million contract to widen the M5 West Motorway in Sydney.

It will design and construct the upgrade which include interlink roads. Two lanes will be extended to three in each direction from Camden Valley Way, Prestons to King Georges Road, Beverly Hills.

Lend Lease's construction business, Abigroup, has been working on the proposal since February 2010. Completion of the project is expected in December 2014.

Lend Lease announced the contract to the ASX this afternoon (June 26):
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Lend Lease Wins Contract to Redevelop Adelaide Oval

adelaide oval proposal

LEND Lease has been unveiled the preferred "proponent for construction work" for the Adelaide Oval redevelopment.

The Adelaide Oval Stadium Management Authority with the Department of Transport, Energy and Infrastructure selected Lend Lease and its subsidiary, Baulderstone to design and construct a new stadium with a 50,000 person capacity (image of proposal, right).

A copy of Lend Lease's announcement is below:
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Lend Lease’s APPF Commercial Buys Into $6 Billion Barangaroo Development

barangaroo proposal2

LEND Lease’s “institutional flagship fund” APPF Commercial has reportedly acquired a small interest within the first two skyscrapers that will form part of the $6 billion Barangaroo project on Sydney Harbour.

It is speculated APPF’s stake is as little as between 7 and 12.5 per cent, which would exclude it from any decision making power on the project. Lend Lease and APPF Commercial declined to comment on the speculation reported by the AFR.

It’s understood major office tenants including Westpac and KPMG are to be announced as tenants in the two towers.
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Catalyst Lend Lease Reaches Financial Close on First Phase of Birmingham School Project

Lend Lease Corporation Limited (”Lend Lease”) today announced that its UK public private partnerships (“PPP”) business, Catalyst Lend Lease, has achieved financial close with Birmingham City Council on the first phase of the Building Schools for the Future (“BSF”) project worth £180 million (A$353 million).

The Birmingham BSF project is part of a UK Government initiative to provide a new generation of sustainable secondary schools throughout England, and will be delivered via a 15-year public private partnership agreement. The project involves the transformation of many secondary schools and other related community facilities across Birmingham that will accommodate over 150,000 students.

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Lend Lease Announces $100 Million Contract

lend lease

LEND Lease has announced a $100 million contract to deisgn pricing, delivery and commissioning of the first Pacific National coal rolling stock maintenance facility near Nebo in Queensland.

The move will help Lend Lease expand infrastructure operations into Central Queensland.

Below is a Lend Lease statement about the deal:

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