A tumultuous year for local real estate giant Lendlease has almost come to an end – and not before a change of chairman, with former Bunnings chief executive John Gillam succeeding Michael Ullmer last month.
No doubt that will lead to a period of anxiety for Lendlease’s long-term advisers at Gresham and Morgan Stanley. Both banks have been working with the company and its chief executive, Tony Lombardo, for years, including on the $310 million sale of its services division in 2021.
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Sarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones. Email Sarah at sarah.thompson@afr.com
Emma Rapaport is a co-editor of the Street Talk column. Prior to that, she was a markets reporter at The Australian Financial Review. Connect with Emma on Twitter. Email Emma at emma.rapaport@afr.com
