Lendlease to axe up to 400 jobs in costs drive
The developer will make big cuts to its Australian operations as its new chief executive looks to get it back on track.
Lendlease
Short-term prospects a drag on Lendlease
Global developer Lendlease has been hit hard by the pandemic but new CEO Tony Lombardo is sticking to a strategy of ramping up new projects and funds.
ASX falls 0.6%, Bendigo, Lendlease hit
Worst day in past 13; ASX 200 closes down 0.6% at two-day low. Bumper profits from JB Hi-Fi, BlueScope Steel. Sydney Airport rejects near $23bn bid. BHP, Woodside confirm $40bn asset merger talks.
Lendlease offloads services arm for $310m
The building giant has shed another unwanted asset, selling its services business to ASX-listed engineering firm Service Stream.
Lendlease gets backing for $630m Milan project
The move bolsters the developer’s international hopes as it chases growth in Europe and the US.
Lendlease slumps after flagging Covid hit
New CEO faces baptism of fire as he warns overseas earnings will suffer, and as Lendlease grapples with legacy engineering losses.
ASX at 8-day low, after financial year gains
ASX 200 has closed lower, down as much as 0.7%. Lendlease flags Covid hit. Iron ore, oil prices climbed.
Service Stream and CIMIC in Lendlease race
Australian listed groups Service Stream and CIMIC are believed to be the final parties doing battle to buy the Lendlease services business.
Lendlease sets pace in city’s offices
Development giant Lendlease has signalled it faith in Melbourne’s office market and is preparing for its next run of developments.
Swiss Re portfolio carve up brings out the office believers
Property investors are heading to offices even before workers make a full return to CBD towers.
Lendlease boss shakes up management
The newly minted chief executive of Lendlease, Tony Lombardo, is embarking on an efficiency drive as he seeks to get the giant developer moving.
Lendlease swoop fires city asset revival
The sale is a big marker for office deals in Australia where growth is outweighing concerns about city towers.
Building overhauls aim to lure workers
Office owners are backing a new breed of city towers to help bring workers back to their desks.
Lendlease calls in new finance chief
Lendlease could look for a new earnings mix under incoming chief Tony Lombardo.
New super luxury Barangaroo play
The next generation of residential towers is about to hit the block on Sydney Harbour.
McCann has ‘insider’ experience with Crown
Steve McCann joins Crown after his firm Lendlease built its Sydney casino and faces a big payday if Crown is acquired.
‘Earn the commute’, businesses told
Businesses need their staff to come back to the office, but there needs to be an incentive, says property major Lendlease.
Lendlease cleans up after Covid hit
Steve McCann leaves Lendlease aiming to convert about $20bn of its planned projects in major capitals into production by the end of fiscal 2023.
Lendlease sells retirement living stake
Lendlease’s sale of a 25pc interest in its retirement living business to Aware Super comes amid a difficult period for the sector.
New Lendlease CEO told to shake a leg
Listed developer and builder Lendlease has been urged to speed the pace at which it brings in capital partners into its major projects.
Original URL: https://www.theaustralian.com.au/topics/lendlease/page/11