FILE PHOTO: A sign is pictured outside a Google office near the company's headquarters in Mountain View, California, U.S., May 8, 2019.
Under the project, Lendlease was to develop up to 15 million square feet of residential, retail and hospitality space and Google would develop office space.
As of June-end, 12,900 of the planned housing units were approved for development in San Jose and Mountain View, according to Google.
Lendlease said it will remove the San Francisco Bay project, which was expected to commence construction in fiscal 2026, from its development pipeline.
Lendlease retained its forecast for fiscal 2024, with core operating return on equity at the lower end of its 8%-10% range.
Persons:
Paresh Dave, Lendlease, Himanshi, Ayushman Ojha, Sonia Cheema, Rashmi, Sohini
Organizations:
REUTERS, Lendlease, Google, San Francisco Bay Area, Francisco's, Alexa Arena, San, UBS, Thomson
Locations:
Mountain View , California, U.S, San Francisco Bay, Sunnyvale, San Jose, Mountain, Westfield, Bay, Hayes, San Francisco, Americas, Bengaluru