Lendlease announces sale of 12 Australian Communities projects

Lendlease has announced the sale of 12 Australian Communities projects to Stockland and its partner Supalai. The Company has decided to sell its 12 communities so it can prioritise growing other parts of its business. 
 
The 12* projects will transfer to Stockland progressively by in the coming months, subject to conditions. Until that time, we’ll continue to operate business as usual, and customers will be communicated with directly in regards to transfer timing.  
 
Our highest priority is to ensure a smooth transition for all our residents and customers, so these projects can continue to deliver Australia’s best communities. 

You may be familiar with Stockland – one of Australia’s largest residential developers who has been operating in the local market for 70 years. It has built a strong reputation for delivering masterplanned communities across Australia. 
 
We’re working closely with Stockland to finalise next steps and you’ll be hearing from us again soon.  In the meantime, if you have any questions, please email us at communitiescustomersupport@lendlease.com

It’s business as usual for our partner,  DevelopmentWA, the State Government’s central development agency, who remain the Alkimos Beach and Vista project land owner.  We’ll continue to work with DevelopmentWA over the coming months prior to any handover occurring.

*The 12 Communities projects are:

• Kinma Valley, Yarrabilba, Springfield Rise and Shoreline in Queensland

• Figtree Hill and Calderwood Valley in New South Wales

• Aurora, Atherstone, Harpley and Averley in Victoria

• Alkimos Beach and Alkimos Vista in Western Australia.