Lendlease, Google sign £12bn deal to deliver mixed-use neighbourhoods in US

WCN Editorial Team 18 Jul 2019 NORTH AMERICA BUILDINGS

Australian construction firm Lendlease has signed a deal worth $15bn (£12bn) with US-based technology giant Google to deliver mixed-use neighbourhoods in the San Francisco Bay Area in California, US.

The two firms will jointly undertake the master planning, entitlement, and development of three of the major districts in San Francisco.

Work will involve the redevelopment of Google’s landholdings in San Jose, Sunnyvale and Mountain View into mixed-use communities.  

The deal will also call for the development of up to 15 million ft² of residential, retail, hospitality, and other associated community uses in the new neighbourhoods, over the next 10 to 15 years.

Additionally, Google will be engaged in developing its office space within these mixed communities.

Google real estate and workplace services vice-president David Radcliffe said: “Lendlease has a wealth of knowledge and expertise in residential, retail, and mixed-use developments.

“Today's agreement expands on an existing and successful partnership that will help us deliver on two important objectives: our commitment to accelerate the production of residential units in the Bay Area, and our plan to build mixed-use developments. Lendlease will play a key role in helping deliver at least 15,000 new homes on our land.”  
Development work, subject to planning approval, is planned to commence as early as 2021.  

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

“We’re eager to contribute our world-class approach to creating unique urban communities, and we are focused on delivering outstanding places that redefine how people choose to live, work, connect and contribute to creating an active community.”  

Earlier this month, Google has broken ground on a new $600m (£475m) data centre in the US state of Nevada.

The tech firm said that the new data centre and Google Cloud region will help the company to expand its footprint in the south-western US.

---------------------------------------------------------------------------------------------------------------------------------------
Image: The Lendlease Tower in the Townsville Central Business District in Australia. Photo: courtesy of Greditdesu/Wikipedia.

With 11 websites and newsletters covering all the key areas within the construction industry, World Construction Industry Network is the leading global construction information resource. READ ABOUT US
PRIVACY POLICY

STAY IN TOUCH!

LATEST TWEETS

World Construction Network | www.worldconstructionnetwork.com is a product of GlobalData. Copyright © 2021 GlobalData. All rights reserved.