Lendlease has taken another step in efforts to shed its overseas operations, reaching agreement to sell its US Military Housing business for $480 million to a unit of Guggenheim Partners Investment Management in a deal that it said will settle by end-December.

ASX-listed Lendlease also said completion of the $147 million sale of its Asia Pacific Life Sciences business to private equity player Warburg Pincus was now also likely in the first half of the 2025 financial year.