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| Lend Lease signs agreement for Waterbank redevelopment in Perth Australian construction giant Lend Lease announced it has signed the Project Development Agreement (PDA) with the Metropolitan Redevelopment Authority (MRA) for the A$1bn Waterbank urban regeneration project in Perth. The formal signing of this agreement follows Lend Lease's selection in November 2011 as the preferred developer. Waterbank is a key urban regeneration precinct within the State Government's Riverside project situated on a six hectare site on the banks of the Swan River. The redevelopment is proposed to include over 600 residential apartments, commercial office space, a hotel, a variety of retail uses and substantial public spaces. With the PDA now in place, Lend Lease will work closely with the MRA in the design and planning for the project ahead of the expected commencement of construction in 2014, with completion expected in 2021. write your comments about the article :: © 2013 Construction News :: home page |