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.

Michael BlebyDeputy property editor

May 31, 2024 – 3.18pm

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Lendlease started shrinking this week. Its first move? Selling Donald Trump’s favourite building company.

Three days after saying it would free up $4.5 billion in capital by exiting overseas operations, the ASX-listed property development giant disposed of its US construction business for an undisclosed sum.

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Michael BlebyDeputy property editorMichael Bleby covers commercial and residential property, with a focus on housing and finance, construction, design & architecture. He also dabbles in the business of sport. Michael is based in Melbourne.