Infrastructure delivers Lend Lease growth

New Australian infrastructure projects are likely to deliver growth to Lend Lease Group over the next financial year, despite global uncertainty.

The construction company and property developer says most sectors in Australia are presenting attractive opportunities, while Asia has strong market fundamentals.

But it warns the economic outlook in the US and Europe remains ‘‘uncertain’’.

Lend Lease chief executive Steve McCann said despite some short-term impact from weak consumer sentiment, the outlook across its Australian businesses was ‘‘positive’’.

‘‘Our expectation is that with the new projects that we’re bringing on stream in the next six months that we’ll have a pretty good year,’’ he told analysts today.

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The group also revealed its controversial landmark Barangaroo project in central Sydney would begin to turn a profit in the second half of fiscal 2012, with up to $70 million of work to start in the coming months.

Lend Lease said it has received a ‘‘significant amount’’ of tenant inquiries about Barangaroo, while in Europe more than half of the London Olympics athletes village had been delivered.