Lendlease (ASX:LLC) has boosted its Australian construction pipeline by approximately $3.7 billion after winning the contract to develop the Hunter Street Sydney Metro station and an adjacent 52-storey commercial tower.
The project will see the company construct both the underground metro station at the corner of Hunter and George Street and the West Tower, a premium office building featuring 58,000sqm of leasable commercial space and 1,000sqm of retail space.
Lendlease estimates the West Tower’s gross end value at $2.2 billion, complementing the $1.5 billion cost of the station development.
Construction is expected to commence in fiscal year 2027, with completion and station opening targeted for 2032.
The contract contributes to Lendlease's $10 billion target for new opportunities in FY26 and expands its already secured construction pipeline.
Group CEO Tony Lombardo said the award underscored the company’s growth momentum across core segments.
"The Hunter Street contract has resulted in roughly $4 billion of new construction work in the first half," Lombardo stated.
"Following strong progress to simplify the group, we remain focused on strengthening our balance sheet and pursuing growth opportunities across our Australian operations and international investment management platform."