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.