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

Two months ago, according to the AFR, about 150 workers left the site after testing showed the area may have been contaminated with asbestos and high levels of lead.

Lend Lease recently announced major office leases to Westpac and KPMG. Lend Lease will also occupy part of the project. All up 119,000 square metres of proposed office space has been leased. Another 50,00 square metres is for lease in a soft market.

Lend Lease is eventually expected to sell both towers, estimated to cost some $700 million to develop.

More information about the Barangaroo project can be found at this link:
http://www.barangaroo.com/

Share or Recommend article

Marc Pallisco

A former property analyst and journalist, Marc is the publisher of realestatesource.com.au.

Marc Pallisco

Leave a Reply

Your email address will not be published. Required fields are marked *