ASX Announcements
Market Sensitive
AXX:SSRCP, Lendlease proposed deal raise preliminary concern
Company Administration - Other
- Jul 4, 2024
- 2 pages
Market Sensitive
$480 million sale of US Military Housing business
Profit Guidance, Asset Disposal
- Jul 1, 2024
- 3 pages
This Month
- Opinion
- Chanticleer
ACCC uses land grab to put new property prices under microscope
Two big property groups trying to trade 12 would-be housing estates have caught the regulator’s eye.
- Anthony Macdonald
ACCC gives Lendlease, Stockland two-month ultimatum over $1.3b deal
The competition watchdog has further delayed a decision on the two property giants’ transaction over a 12-community portfolio of assets.
- Michael Bleby
Lendlease sells US military housing business for $480m
The divestment of its contract to maintain and manage 40,000 military housing units is the latest part in the $4.5 billion divestment and global retreat.
- Michael Bleby
Foreign students hit; Citi’s weightlifting fighter; $4.8m property tip
Read everything that’s happened in the news so far today.
June
- Exclusive
- Office
Can Google bring the groove to drab Docklands?
The tech giant is eyeing the top three floors in Lendlease’s Melbourne Quarter Tower, a move that could add hipster vibes to the drab Docklands precinct.
- Nick Lenaghan
- Exclusive
- Industrial relations
Pay dispute delays construction of 1600 homes
Industrial action by workers at poles and wires company Endeavour Energy is stalling the delivery of 1600 homes and $1.2 billion worth of warehouses in Sydney.
- Campbell Kwan and David Marin-Guzman
Global ambitions a dangerous trap for overzealous local giants
“An organic approach to world domination is a better way to do it,” says Allan Gray’s Simon Mawhinney. A string of failures shows he’s on the money.
- Jemima Whyte
Builders sign up to CFMEU NSW’s 22pc pay rise
Buildcorp has become the first builder to sign up to the CFMEU’s new industry agreement in NSW, which leapfrogs John Setka’s Victorian deal.
- David Marin-Guzman
- Opinion
- Governance
In the end, complexity felled the Lendlease empire
Lendlease was globally recognised for engineering excellence, its ability to build thriving community spaces, and its nurturing of many leading CEOs. Its diminution is instructive as well.
- Tony Boyd
The tallest tales from 50 years of Chanticleer
Movers and shakers from around Australia helped celebrate 50 years of The Australian Financial Review’s revered Chanticleer column. Here are the top tales and anecdotes from each of our past columnists.
- Updated
- Exclusive
- Luxury property
Low-key investor buys entire floor of luxury Sydney tower for $39m
Property investor Qing Zhong has forked out almost $39 million for an entire floor of Lendlease’s One Sydney Harbour.
- Bonnie Campbell
Lendlease taps interest for $1.8b ‘tallest’ timber tower in Sydney
The global developer is moving swiftly on its radical restructure. Chief Tony Lombardo has fronted investors with plans for the world’s tallest hybrid tower.
- Nick Lenaghan and Hannah Wootton
Lendlease profit cut after ACCC delay on $1.3b estates sale
The earnings downgrade comes as an early blow for the company’s radical reset of its vast development business through a $4.5 billion divestment program.
- Updated
- Nick Lenaghan
- Opinion
- Stock picking
What these veteran analysts focus on when valuing companies
“Don’t fill my head up with irrelevant nonsense,” says David Errington who, like Brian Johnson and Charlie Green, is focused strictly on the big picture: cost of capital.
- James Eyers
May
Why Lendlease is rebuilding after going big and going home
The Australian builder, developer and investor promises major change. But questions remain unanswered by the activist target.
- Michael Bleby
Why CBA’s AI future needs more reimagining
A US trip left CBA chief executive Matt Comyn with questions to which he doesn’t have all the answers. It’s a common theme across the Australian business world.
- Paul Smith
- Opinion
- The AFR View
Global expansion vision survives Lendlease exit
It’s a myth that Australian companies don’t do well overseas. Yet, it is hard not to be disappointed at this ebbing of an Australian company with vision in its blood from the start.
- The AFR View
- Opinion
- Commercial real estate
Why Lendlease couldn’t grow like Westfield or Goodman
The developers’ mantra “think global, act local” makes sense but too often the offshore investments, by Lendlease and many others, have lacked discipline.
- Robert Harley
Meet the new Rich Listers | Inflation accelerates | Lendlease sells US construction business
Read everything that’s happened in the news so far today.
Lendlease sells US construction business days after strategy reset
The development giant had on Monday outlined plans to progressively offload its international construction and property assets as investor unrest mounted.
- Nick Lenaghan