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Chinese walkout sharpens focus on Lendlease

Jemima Whyte

Losing a near $300 million sale is chunky for any property developer, however you cut it.

But in the case of the $8.6 billion Lendlease Group, Shanghai-listed Poly Group's decision to walk away from advanced negotiations for a 200-hectare residential development in south-west Sydney has assumed a far greater significance.

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Jemima Whyte writes on business, specialising in companies, capital markets and innovation. Jemima has reported on business for The Australian Financial Review for more than 13 years. Email Jemima at jemima.whyte@afr.com

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    Original URL: https://www.afr.com/property/residential/chinese-walkout-sharpens-focus-on-lendlease-20200910-p55u8k