Headlines
UK's Crown Estates signs deal with Lendlease to develop housing and science hubs
Published by Global Banking & Finance Review®
Posted on May 19, 2025
1 min readLast updated: January 23, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on May 19, 2025
1 min readLast updated: January 23, 2026
The Crown Estate partners with Lendlease to develop 26,000 homes and science hubs in the UK, with a joint venture valued at 24 billion pounds.
LONDON (Reuters) -Britain's Crown Estate, which manages King Charles' public property, signed a partnership deal with Australian real estate group Lendlease to build new homes and develop science and innovation hubs in the UK, the government said on Monday.
Under the joint venture deal, The Crown Estate, which has a 16 billion pound ($21 billion) property portfolio, can invest in Lendlease's undeveloped UK portfolio, with the potential to create 26,000 new homes and 10 million square feet of workspace and labs, a statement said.
The government said the partnership's gross development value is 24 billion pounds ($32.12 billion).
($1 = 0.7471 pounds)
(Reporting by Sarah Young, writing by Sam Tabahriti)
The main topic is the partnership between Crown Estate and Lendlease to develop housing and science hubs in the UK.
The partnership's gross development value is 24 billion pounds.
The partnership aims to create 26,000 new homes.
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