Lendlease to end global ambitions and put $4b in assets on the market
Lendlease will end all international property development and sell its overseas construction divisions, marking the biggest shake-up at one of Australia’s largest real estate groups since it sold MLC to the National Australia Bank more than two decades ago.
The company will confirm plans to exit or sell more than $4 billion worth of international works, mostly in the United States and United Kingdom, in the next three years, ending its decades-long quest to be a globally significant property builder.
Subscribe to gift this article
Gift 5 articles to anyone you choose each month when you subscribe.
Subscribe nowAlready a subscriber?
Introducing your Newsfeed
Follow the topics, people and companies that matter to you.
Find out moreRead More
Latest In Financial services
Fetching latest articles