Lendlease on a new path
Famed as a builder, Lendlease under chief Dale Connor wants to move faster and carve a new path in development and funds.
Famed as a builder, Lendlease under chief Dale Connor wants to move faster and carve a new path in development and funds.
Some of Australia’s biggest firms will plough almost $50bn into UK clean energy, technology and infrastructure projects, turbocharging PM Boris Johnson’s jobs and growth plans.
The developer has unveiled the deal, to one of the country’s largest superannuation funds, will free up capital for it to pour into new projects.
The ASX-listed real estate developer’s agreement to sell a share of its US military housing business may be followed by similar transactions.
The global builder and developer is in an earnings trough but insists that it will make a come back in the second half. The shares fell.
British advertising group will anchor the $1.2bn Lendlease Victoria Cross development in North Sydney.
The sale will be one of the largest tests of the DFO market as pandemic lifts and borders re-open.
The company’s latest alliance extends its tie-up with a Canadian funds group as it looks to accelerate its projects.
Sydney’s luxury Barangaroo precinct is preparing to take on a new life, with Lendlease to release the third of its opulent apartment towers.
The moves mark the start a new phase for cities as landlord and funds managers vie for new towers in Sydney.
Property developer Grocon, led by Daniel Grollo, wants access to documents held by Infrastructure NSW over its failed Barangaroo project, in a bid to secure $270m from the government.
The company is under pressure to start producing big projects in its $114bn pipeline to deliver returns.
One of the most senior women in property, Kylie Rampa has been named the new chief executive of the Queensland Investment Corporation.
The developer is the vanguard of property groups seeking to address climate and social issues as world leaders meet in Glasgow.
Lendlease is suing the buyer of its engineering business, claiming it has failed to pay $60m towards the $160m purchase price.
Lendlease chief executive Tony Lombardo is backing global cities making a big return in the wake of the coronavirus pandemic.
Lendlease, Mirvac and logistics giant ESR are among the groups jockeying to buy Qantas’s 14 hectares of mostly undeveloped land surrounding Sydney Airport.
Former Lendlease chief turned Crown CEO Steve McCann says he can win back the trust of the city that built a casino empire.
The Australian development icon has laid out an ambitious path for the next five years.
Big cities are here to stay and the Australian developer is once again heading offshore to capitalise on opportunities.
Original URL: https://www.theaustralian.com.au/topics/lendlease/page/10