Lendlease Annual Report 2022

Financial Statements 137 INTEREST SHARE OF PROFIT NET BOOK VALUE June 2022 June 2021 June 2022 June 2021 June 2022 June 2021 12.b. Joint Ventures % % $m $m $m $m Asia Investments CDR JV Limited (313@somerset) 25.0 25.0 - - 3 3 Paya Lebar Quarter 30.0 30.0 9 (16) 392 358 Development Development - Investment Property Certis and Lendlease Property Trust 49.0 49.0 - (1) 49 24 Lendlease Life Science and Innovation Partners 15.0 - - - 18 - The Exchange TRX 1 60.0 60.0 - - 501 388 Total Asia 9 (17) 963 773 Europe Investments LRIP LP 2 20.0 20.0 9 4 173 177 Other - - 14 15 Development Development - Investment Property IQL Office LP 50.0 - - - 106 - LRIP 2 LP 50.0 50.0 4 13 78 52 MSG South 50.0 50.0 15 17 103 67 Milano Innovation District 50.0 50.0 (1) - 72 31 Stratford City Business District Limited (International Quarter London) 50.0 50.0 (4) (3) 14 21 Development - Inventory Victoria Drive Wandsworth 50.0 50.0 (3) (4) 25 39 Other Development (1) (3) 8 7 Total Europe 19 24 593 409 Americas Investments 845 Madison 37.5 37.5 7 2 91 83 Americas Residential Partnership Clippership Wharf Multifamily Holdings 50.1 50.1 4 (1) 89 79 720 S Wells Holdings 50.1 50.1 - - 88 82 DoD Asset Management Holdings 50.0 - 2 - 4 - Other - - 4 - Development Development - Investment Property 60 Guest Street 25.0 25.0 - - 27 23 Americas Residential Partnership 211 North Harbor Drive Venture 42.5 42.5 5 - 107 99 445 East Waterside 42.5 42.5 7 20 93 82 SB Polk Street 50.1 50.1 - - 39 18 1 Java Holdings 25.0 20.2 - - 40 31 La Cienega 50.0 50.0 2 - 35 23 Development - Inventory 277 Fifth Avenue 40.0 40.0 (25) (11) 14 41 Other Development - - 38 32 Construction Lendlease Turner Joint Venture 50.0 50.0 6 14 5 1 Total Americas 8 24 674 594 Total Group 127 92 3,806 3,356 Less : Impairment - - (25) (39) Total joint ventures 127 92 3,781 3,317 Total associates 54 8 598 441 Total equity accounted investments 181 100 4,379 3,758 1. Investment includes both investment property and residential inventory. 2. During the year, LRIP LP was transferred from Development segment to the Investments segment subsequent to project completion.