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Robert Harley

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.

Robert HarleyContributor
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Lendlease chief executive Tony Lombardo and Dan Labbad, the one-time Lendlease executive who many thought would be heading the company today, are dealing with corporate legacies.

Labbad is the chief executive of the $30 billion Crown Estate in the UK, with a 250-year heritage of managing the monarch’s holdings, including the seabed around the British Isles.

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Robert Harley is a former property editor of The Australian Financial Review. Connect with Robert on Twitter. Email Robert at rob@rharley.com.au
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    Original URL: https://www.afr.com/property/commercial/why-lendlease-couldn-t-grow-like-westfield-or-goodman-20240529-p5jhlg