Lend Lease will soon get started on a massive project - building an office, retail and residential complex over a 2.5ha site at Melbourne's docklands.

The $1.5 billion mixed-use development has been signed-off by the Victorian Government and should take around ten years to complete.

The project is to be rolled-out in stages over the course of the next decade. When completed it will include 100,000sq metres of office space and about 600 apartments, as well as associated retail space at the base of the office towers and apartment blocks on site.

Lend Lease spokespeople have said the company is thrilled to take on the job, after having worked with the Victorian Government before on various state developments.

Lend Lease chief executive Steve McCann said: “The execution of a development agreement reflects our strong capabilities in mixed-use inner-urban development, and the success we have demonstrated at Victoria Harbour in collaboration with [state developer] Places Victoria...The project leverages our integrated model, including development, construction and funds management and further builds on our Victorian commercial office and residential backlog.”

More information on Lend Lease's Victoria Harbour project is available here.