Lend Lease Group, Australia’s largest developer, will sell buildings as it completes them to fund a A$6bn ($5.3bn) development aimed at reviving Sydney as an Asia-Pacific financial and business hub.

The company has A$1.3bn in cash and available credit and will sell off buildings to finance the Barangaroo financial precinct as it progresses, Chief Financial Officer Brad Soller said today in an interview. The design includes office towers, a high-end hotel, 30,000 square meters (323,000 square feet) of shopping, a ferry terminal and the return of one kilometer (1,095 yards) of Sydney Harbour waterfront to public use.