30 April 2014 – Lend Lease today (Wednesday) said it would start work on Tower 1, the final and tallest of the three commercial towers at Barangaroo South, after PricewaterhouseCoopers Australia and HSBC Bank Australia signed leases for space in the 49-storey building.

PwC will take 26,500 square metres over 12 floors and HSBC will take 8000 sq m in three and a half floors in the 101,000 sq m building.

Lend Lease will seek co-investors in the building and will reduce its co-investment in Lend Lease International Towers Sydney Trust from 25 per cent to 15 per cent through a sale to international pension fund APG, the company said in a media statement.

Lend Lease group chief executive officer and managing director, Steve McCann, said leasing was ahead of schedule with 77 per cent leased and under construction, and the first two apartment buildings sold.

Other tenants will include Westpac Group, KPMG, Gilbert + Tobin and Lend Lease.