GIC has paid over $1.0bn for a 25.1% slice of Barangaroo Towers Two and Three from the Canada Pension Plan Investment Board and Lendlease Group.
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The Lendlease International Towers Sydney Trust was established in 2012 and is valued at A$4.3 billion (S$4 billion), according to Lendlease's website.
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The towers were developed and constructed by Lendlease to a Premium grade standard and have changed the shape of the city. Tower Two is a 89,200 square metre premium grade office tower, with 41 levels.
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Tower Three is a Premium grade, 38-level office tower of 82,000 square metres sources say that Lendlease will sell off an 11.1% interest in the trust and the Canadian group will sell a 14% stake, however The Lend Lease annual report notes that the sale (which occurred pre-30th June) generated $334M to Lend Lease and that it still held a 6.2% interest in Lendlease International Towers Sydney Trust with a further 2.3% yet to be transferred as part of the deal.