Lend Lease Group has secured two contracts worth a total of more than $1 billion.

The Australian constructor and property developer today announced that it has secured an A$122.5 million contract for the refurbishment and expansion of the University of New South Wales (UNSW) Wallace Wurth building.

The Wallace Wurth Redevelopment involves a 10,000sqm expansion and significant refurbishment of the existing Wallace Wurth building at UNSW’s Kensington campus to provide increased research and teaching spaces for the next generation of biomedical scientists and research related medical graduates.

The project is due to be completed in March 2014. The completed facility will house over 25,000sqm of research, teaching, administrative and specialised facilities as well as over 1,400 research staff and 700 students of the Faculty of Medicine’s School of Medical Sciences and the Kirby Institute.

Lend Lease also announced that Abigroup, which Lend Lease acquired as part of the Valemus transaction in March 2011, has reached agreement with Queensland Health as Managing Contractor on Stage 2 of the A$1.4 billion Queensland Children’s Hospital (QCH) in Brisbane. The contract value to Abigroup is circa A$900 million.

The Queensland Children’s Hospital will be the primary specialist paediatric hospital for the State. Stage 1 early works commenced in January 2009. Abigroup, part of Lend Lease’s Australian infrastructure business, is responsible for Stage 2 of the project delivering a 359 bed hospital and 12 clinical levels.

Stage 2 of the project is due for completion in early 2014.