A multi-billion-dollar investment fund has divested from Lendlease, accusing the property developer and the NSW government of not being transparent about a fast-tracked housing estate to be built in sensitive koala habitat.
abc.net.au/news/australian-ethical-divests-lendlease-koala-corridors-gilead/102086068A multi-billion-dollar investment fund has divested from Lendlease accusing the developer and the NSW government of not being transparent about a housing development south-west of Sydney.
Ethical stewardship lead Amanda Richman said Lendlease failed to produce the information and Australian Ethical was concerned if the development went ahead, it could threaten one of the last healthy koala colonies in NSW. A Landlease spokesperson defended the project and said it was compliant with the NSW chief scientist's advice.unless the developer disclosed detailed maps of koala corridors of stage two of the Figtree Hill development.
In 2021, an independent expert panel chaired by the deputy chief scientist and engineer Chris Armstrong criticised the way Lendlease had mapped its koala corridors. "Insufficient information has been provided to support the proposed zone boundaries and structure plan," it said in its submission. Last year the Perrottet government announced Figtree Hill would be fast-tracked and that the planning minister would have the final say on the project.
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