The country will get two of its tallest buildings as big companies pull out all the stops to try to entice workers back to their desks by moving in to new-style hi-tech office towers.
Lendlease’s flagship office fund and Aware Super have put Sydney’s Darling Square office development on the market for more than $400m.
Listed developer Lendlease and Mitsubishi Estate Asia have bought a major residential site in Sydney’s eastern suburbs for a new $500m project.
The competition regulator says the deal in its current form could create issues in three states.
Middle East takeover talks may lure other Santos bidders. $1bn Lendlease, Stockland deal hits ACCC hurdle. Magellan June flows mixed, funds under management slip. Seven’s retention bonus for Boral CEO.
Embattled developer Lendlease has kicked off its return to Australia strategy with the sale of its US military housing business for a higher than expected $480m.
Anglo fire lights up rival coal miners. Brambles US chief to exit in six months over ‘cultural differences’. Lendlease to sell US military business for $480m. WiseTech billionaire’s $139.5m June selldown.
Lendlease is back in the spotlight, but this time it’s not its management and directors that are in focus but the future of its $48bn funds management operation.
There was more than a hint of jealousy in comments made about Steve McCann’s Star Entertainment appointment, following his lucrative Crown Resorts stint.
Inflation rose 4 per cent in 12 months to May; RBC, NAB push back cut call. August rate hike: Deutsche, UBS. AUD jumps. Harvey Norman tanks. Star lifts on Steve McCann as CEO.
There’s speculation that ex-Lendlease boss Steve McCann had his sights beyond Tabcorp to Star Entertainment, but industry insiders say former AFL boss Gillon McLachlan is also a safe choice.
Lendlease and PwC Australia say claims by former corporate tax lawyer Anthony Watson for whistleblower protections and compensation are wrong.
Former Crown Resorts and Lendlease boss Steve McCann is a strong contender for the CEO role at Tabcorp.
The Australian heavyweight is seeking capital backers as it joins a top private developer to develop the world’s tallest hybrid timber skyscraper.
ASX 200 adds 0.8pc as US futures point to further US gains and RBA can breathe easier after wage decision. But Iron ore futures dive to six-week low. Lovisa taps Smiggle boss as next CEO. APM soars as Affinity emerges as mystery suitor. Booktopia CEO out in cost-cutting restructure.
Lendlease has hit a snag as it looks to cut down its sprawling empire
The sale of the property developer’s New York-headquartered business is part of a strategy to bring capital back to local shores.
ASX finishes lower on quiet day of trading as April retail sales come in below forecasts. Peter Warren issues profit warning. Southern Cross Media considering ACM proposal. Boss Energy hit by CEO, chair selloff.
Lendlease has reversed the major offshore expansion program that boss Tony Lombardo himself was part of, but the move also buys some breathing space.
Investors like the plan – so far – but is Lendlease’s strategy to shrink back to Australia really that great?
Original URL: https://www.theaustralian.com.au/topics/lendlease/page/2