London | Lendlease’s decision to wind back in Britain marks a startling handbrake turn for a business that has spent much of the past decade packing its development pipeline at frantic speed.
The winners from Lendlease’s volte-face could be Australia’s superannuation funds – the likes of AustralianSuper and Aware Super – who have been itching to get their hands on the kind of trophy projects with which Lendlease has stuffed its British cabinet.
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Hans van Leeuwen was The Australian Financial Review’s Europe correspondent.
