Lendlease Group chief executive Steve McCann must be experiencing a sense of déjà vu as the company heads for its worst annual financial performance since the global financial crisis a decade ago.
When McCann took over as CEO of Lendlease in 2009, the company had just digested write-downs on the carrying value of tangible and intangible assts of $909 million, which triggered a statutory loss of $653.6 million.
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