Lend Lease has secured funding for the first two commercial towers at Barangaroo South, part of the master-planned Barangaroo development on the western fringe of Sydney's CBD.
Lend Lease has commitment from the Canada Pension Plan Investment Board for $1 billion.
It has also secured $500 million from the Lend Lease-managed Australian Prime Property Fund Commercial (APPF) and two existing APPF investors, First State Super and Telstra Super.
Meanwhile Lend Lease Group CEO, Steve McCann, says the company has heard proposals from several hotel operators, and that the NSW Government is seemingly supportive of Crown’s proposal.
In February Crown Casino announced a concept for an international hotel and casino at Barangaroo.