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Lendlease Group ( (AU:LLC) ) has issued an announcement.
Lendlease has secured the Sydney Metro Hunter Street West Over Station Development, including construction of the new metro station and delivery of a 52-storey premium commercial tower in Sydney’s CBD. The West Tower is designed as a prime-grade, 6 Star Green Star-rated office building with around 58,000 square metres of commercial space and 1,000 square metres of retail, underpinning an estimated gross end value of about $2.2 billion, alongside a separate station construction contract worth around $1.5 billion, with work targeted to start in FY27 and complete in 2032. The project is expected to bolster Lendlease’s future earnings through development management and performance fees and construction income, with returns forecast to exceed its cost of equity under a capital-efficient structure. This award accelerates the restocking of the company’s Australian development pipeline towards a target of more than $10 billion of new opportunities in FY26 and adds to an already secured $10 billion pipeline, while complementing advanced plans for the RNA Showgrounds in Brisbane and a major residential metro project in Melbourne, underscoring management’s focus on balance sheet strength and growth across core Australian segments.
The most recent analyst rating on (AU:LLC) stock is a Hold with a A$6.58 price target. To see the full list of analyst forecasts on Lendlease Group stock, see the AU:LLC Stock Forecast page.
More about Lendlease Group
Lendlease Group is a global real estate and infrastructure company focused on property development, construction and investment management, with a strong presence in the Australian market. The group delivers large-scale commercial, residential and mixed-use projects, and is increasingly concentrating its growth on Australian operations alongside an international investment management platform.
Average Trading Volume: 1,166,959
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$3.42B
Find detailed analytics on LLC stock on TipRanks’ Stock Analysis page.