Lendlease’s transformative decision to pull out of most of its offshore operations comes fraught with execution risk, according to senior property figures who used to work for the listed developer.
Lendlease’s retreat from its poorly performing operations abroad is designed to release as much as $4.5 billion in capital as it finalises deals under way, exits its offshore construction business and sells down development projects.
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Nick Lenaghan edits the property section, which covers all aspects, from residential real estate and housing and construction to commercial property – office, retail, industrial – and major ASX-listed developers and real estate investment trusts. Connect with Nick on Twitter. Email Nick at nlenaghan@afr.com
