iTnews
  • Home
  • News
  • Business
  • Strategy

Lendlease to redevelop Google's Bay Area sites for $21bn

By Ry Crozier on Jul 18, 2019 10:24AM
Lendlease to redevelop Google's Bay Area sites for $21bn

Office space augmented with 15,000 new homes.

Australian construction group Lendlease has struck a $21 billion deal with Google to jointly redevelop the hyperscale operator’s landholdings in the San Francisco Bay Area.

Under the deal, Google and Lendlease will work together “for the next 10 to 15 years” on sites in San Jose, Sunnyvale and Mountain View.

“Lendlease estimates that it will develop up to 15 million square feet of residential, retail, hospitality, and other associated community uses in the new neighborhoods,” it said in a statement. 

“Google will focus on developing its office space within these mixed communities.”

The residential, retail, hospitality and other associated civic components have an estimated end development value of approximately US$15 billion ($21 billion), the two firms said.

Subject to planning approval, development work could commence as early as 2021.  

“This joint agreement between Google and Lendlease will help address the need for new housing in the San Francisco Bay Area,” Lendlease’s CEO Americas Denis Hickey said.

Google said that Lendlease “will play a key role in helping deliver at least 15,000 new homes on our land.”  

Got a news tip for our journalists? Share it with us anonymously here.
Copyright © iTnews.com.au . All rights reserved.
Tags:
googlelendleaseredevelopmentstrategy

Partner Content

Accenture and Google Cloud team up to create a loveable, Australian-first, renewable energy product
Promoted Content Accenture and Google Cloud team up to create a loveable, Australian-first, renewable energy product
Why Genworth Australia embraced low-code software development
Promoted Content Why Genworth Australia embraced low-code software development
Security: Understanding the fundamentals of governance, risk & compliance
Promoted Content Security: Understanding the fundamentals of governance, risk & compliance
The Great Resignation has intensified insider security threats
Promoted Content The Great Resignation has intensified insider security threats

Sponsored Whitepapers

Extracting the value of data using Unified Observability
Extracting the value of data using Unified Observability
Planning before the breach: You can’t protect what you can’t see
Planning before the breach: You can’t protect what you can’t see
Beyond FTP: Securing and Managing File Transfers
Beyond FTP: Securing and Managing File Transfers
NextGen Security Operations: A Roadmap for the Future
NextGen Security Operations: A Roadmap for the Future
Video: Watch Juniper talk about its Aston Martin partnership
Video: Watch Juniper talk about its Aston Martin partnership

Events

  • Micro Focus Information Management & Governance (IM&G) Forum 2022
  • CRN Channel Meets: CyberSecurity Live Event
  • IoT Insights: Secure By Design for manufacturing
  • Cyber Security for Government Summit
  • Forrester Technology & Innovation Asia Pacific 2022
By Ry Crozier
Jul 18 2019
10:24AM
0 Comments

Related Articles

  • Lendlease to exit all eight data centres it uses for enterprise systems by 2022
  • Online privacy bill easily passed by US House panel
  • Meta, Google, Twitter vow to fight fake news better
  • Big tech should better support small business: ombudsman
Share on Twitter Share on Facebook Share on LinkedIn Share on Whatsapp Email A Friend

Most Read Articles

Australia scraps digital passenger cards for international arrivals

Australia scraps digital passenger cards for international arrivals

PayTo rollout kicks off

PayTo rollout kicks off

Services Australia spends $50m on IBM Power hardware upgrade

Services Australia spends $50m on IBM Power hardware upgrade

NSW gov adds six providers to cloud panel

NSW gov adds six providers to cloud panel

Digital Nation

Case Study: Multicloud business drivers at MLC Life Insurance
Case Study: Multicloud business drivers at MLC Life Insurance
Case study: AFL kicks goals with its new digital platform
Case study: AFL kicks goals with its new digital platform
Case Study: Good360 deploys NetSuite, Magento and Salesforce
Case Study: Good360 deploys NetSuite, Magento and Salesforce
Personalisation strategies need to be built from the ground up
Personalisation strategies need to be built from the ground up
Case Study: EY invests in AI to improve approach to flexible working
Case Study: EY invests in AI to improve approach to flexible working
All rights reserved. This material may not be published, broadcast, rewritten or redistributed in any form without prior authorisation.
Your use of this website constitutes acceptance of nextmedia's Privacy Policy and Terms & Conditions.