Lendlease Signs Partners for Hyde Park Highrise

Japanese heavyweights Mitsubishi Estate Asia and Nippon Steel Kowa Real Estate will partner with Lendlease on its $2.5-billion luxury residential project in the heart of the Sydney CBD.

Two towers are planned for 175 Liverpool Street, a 3750sq m site at Hyde Park’s southern end.

Plans designed by Bates Smart Architects include up to 300 apartments and 2000sq m of retail and commercial space.

Mitsubishi Estate Asia (MEA) will take a 33 per cent share in the joint venture while Nippon Steel Kowa Real Estate (NSKRE) has a 17 per cent share.

This is the seventh partnership between Lendlease and MEA after such projects as One Sydney Harbour, One Circular Quay and One Darling Point, all in Sydney, and the East Tower residences at Melbourne Quarter.

It is also the second partnership between Lendlease and NSKRE.

▲ The project is expected to have an end value of $2.5 billion.

The first project is the build-to-rent project 899 Collins at Victoria Harbour in Melbourne, now under construction.

Lendlease expects to begin construction on 175 Liverpool Street in 2027.

It announced the acquisition of 175 Liverpool Street in early July 2025 with settlement contingent on conditions precedent.