October 2024
Five fixes to the housing crisis – from smaller homes to more builders
From more migrants with building skills to incentivising different types of housing, three chief executives give their suggestions on how to develop more homes.
October 2024
From Bunnings with love: New Lendlease boss wants reset, then growth
New chairman John Gillam has backed chief executive Tony Lombardo to oversee the turnaround. Long-suffering investors will want to see accountable results.
September 2024
The $6 trillion time bomb hanging over the housing crisis
Surging construction costs and house values have priced too many younger buyers out of the market. And changing demographics mean time for action is running out.
June 2024
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.
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.
May 2024
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.
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.
If Lendlease shrinks abroad, it must grow at home: analysts
Analysts have endorsed Lendlease’s radical retreat to Australia, where the global developer is better performing, but warn considerable execution risk remains.
How Lendlease yanked the handbrake in Britain
The developer whipped up a $58 billion pipeline in barely a decade. As it goes into reverse, Australia’s super funds could be waiting in the wings.
Inside the last days of Lendlease’s global empire
Three of the country’s most senior investment bankers were drafted in to advise the property giant on its biggest reset for at least a quarter of a century.
The two forces driving Lendlease to tear itself apart
For 66 years, Lendlease has been an icon of Australian business. But its global ambitions lie in tatters after a reckoning that’s been coming for decades.
Lendlease seals truce with activists in radical reset
The property giant expects its new strategy to free up $4.5 billion of capital and will sweeten the deal with a $500 million share buyback.
April 2024
Tanarra sharpens criticism of Lendlease’s Lombardo, Ullmer
John Wylie’s firm has been calling for major changes at the property group. In a letter to investors, it makes clear its views of the company’s chief executive.
Why Lendlease CEO Tony Lombardo landed on the career fast track
The double jolt of his mother being diagnosed with cancer and his father dying at an early age put Lendlease CEO Tony Lombardo on the career fast track to everything.
March 2024
Lendlease defends guidance shock
The beleaguered property giant says it could not have disclosed a change in its forward guidance any earlier than last month’s December half announcement.
February 2024
‘Broken business model’: Wylie slams Lendlease
While CEO Tony Lombardo pleads for patience, a veteran investor wants to see more radical change after Monday’s big fall.
December 2023
AFR Business People of the Year | What CEOs want | Inside Chemist Warehouse
In this week’s episode, James and Anthony take a deep dive into what CEOs want to see from Anthony Albanese in 2024 and discuss the astounding Chemist Warehouse deal.
November 2023
Lendlease boss flags strategic pivot in Europe
As part of its shift from developer to investor, Lendlease will look to buy British buildings that need a green refurb or conversion from offices to housing.
March 2023
Japan targets more Australian property deals: Lendlease
Lendlease boss Tony Lombardo is meeting with executives at Japan’s top property and banking giants as interest in the Australian market out of Tokyo grows.
Lendlease says more builders will go bust
Global property group Lendlease says it can navigate through the toughest property market in years, but warns more builders will become insolvent.