Lendlease has struck a deal to sell its construction business in the United States just three days after unveiling a $4.5 billion plan to pull back from its offshore operations.
The ASX-listed development giant told investors it had agreed to a deal with Consigli Constructions for the sale of its US East Coast operations. That business includes around 45 current, under contract and pre-construction 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
