Lendlease Annual Report 2024

Financial Statements 125 INTEREST SHARE OF PROFIT NET BOOK VALUE June 2024 June 2023 June 2024 June 2023 June 2024 June 2023 12.b. Joint Ventures % % $m $m $m $m Asia Investments CDR JV Limited - 25.0 - - - 3 Paya Lebar Quarter 30.0 30.0 (28) (9) 358 391 Development Development - Investment Property Certis and Lendlease Property Trust 49.0 49.0 - - 68 54 The Exchange TRX 1 60.0 60.0 73 40 748 685 Lendlease Data Centre Partners 20.0 20.0 25 (1) 47 22 Lendlease Life Science and Innovation Partners 2 15.0 15.0 2 2 - 23 Total Asia 72 32 1,221 1,178 Europe Investments LRIP LP 20.0 20.0 (13) 1 162 185 MSG South 50.0 50.0 (1) (7) 137 139 21 Moorfields 25.0 25.0 (13) (12) 155 170 LRIP 2 LP 50.0 50.0 (21) 2 128 138 Other 8 - 22 15 Development Development - Investment Property IQL Office LP 50.0 50.0 (18) - 180 142 Milano Innovation District 50.0 50.0 1 (1) 128 112 Stratford City Business District Limited (International Quarter London) 50.0 50.0 (2) (2) 2 10 MSG North 14.0 8.9 - - 149 92 Development - Inventory Victoria Drive Wandsworth 50.0 50.0 (3) (3) 16 19 Other Development - - 7 8 Total Europe (62) (22) 1,086 1,030 Americas Investments 845 Madison 37.5 37.5 (17) (14) 55 80 Americas Residential Partnership Clippership Wharf Multifamily Holdings 50.1 50.1 (2) (16) 72 75 720 S Wells Holdings 50.1 50.1 (11) (22) 54 67 445 East Waterside 42.5 42.5 (12) (5) 72 89 SB Polk Street 50.1 50.1 - 8 39 36 DoD Asset Management Holdings 2 25.0 25.0 6 10 - 8 Other (1) - 8 7 Development Development - Investment Property 60 Guest Street 25.0 25.0 - - 80 63 Americas Residential Partnership 211 North Harbor Drive Venture 42.5 42.5 (9) - 110 117 SB Polk Street 50.1 50.1 - - 53 45 1 Java Holdings 25.0 25.0 - - 90 58 La Cienega 50.0 50.0 (1) (1) 168 72 Development - Inventory 277 Fifth Avenue 40.0 40.0 - - 17 17 Other Development - - 38 38 Construction Lendlease Turner Joint Venture 50.0 50.0 3 7 3 5 Total Americas (44) (33) 859 777 Total Group 134 17 5,146 4,961 Less : Impairment - - (27) (27) Total joint ventures 134 17 5,119 4,934 Total associates 5 11 740 713 Total equity accounted investments 139 28 5,859 5,647 1. Investment includes both investment property and residential inventory. 2. On 17 May 2024, the Group announced it had agreed to sell its Asia life science interests, including Lendlease Life Science and Innovation Partners. As a result, the investment was classified as Disposal Group assets held for sale at June 2024. Refer to Note 33 'Disposal Group Assets and Liabilities Held for Sale' for further detail.