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Tony Lombardo says material price increases have slowed to near pre-pandemic levels, though labour costs remain high. While price increases are stabilising, the new baseline is likely here to stay.
From leading insolvency action against Alan Bond and Christopher Skase to boardroom tussles, former Lendlease and South32 chairman David Crawford is being remembered as a titan of many arenas.
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Mary Salteri, the cashed-up daughter of the late construction magnate Carlo Salteri, has forked out $30m for an off-the-plan apartment in Sydney’s One Circular Quay.
Lendlease is retreating back to Australia after billions of dollars’ worth of writedowns but shareholders have backed new chairman John Gillam to restore its fortunes.
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Top-tier executives at Australian real estate investment trusts are leaving, as groups trim ranks while making new hirings.
Life won’t be quite so easy for new Lendlease chair John Gillam as he takes the reins amid shareholder concern over returns.
The former hardware boss believes Lendlease can get its glory back. This involves ‘the right kind’ of risk.
Former Bunnings boss John Gillam is an interesting choice as chairman for one of Australia’s most recognised real estate groups.
The property developer has signalled it wants to refocus on Australia with the appointment of the man who drove the growth of the popular hardware chain.
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The developer is the latest to benefit from the rise in Japanese companies chasing higher-growth opportunities in the local property market.
The competition regulator has approved the deal on the proviso that a key NSW housing estate is sold off to address its concerns.
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There are three names believed to be in the running for the Lendlease role but the understanding is that none of the top candidates are from the real estate industry.
Stockland has confirmed it is in talks with the ACCC over plans to sell an Illawarra housing project as it seeks approval for its $1.3bn purchase of Lendlease’s housing estates business.
The embattled listed property developer is winning local jobs, but still faces a tough task getting capital back to Australia from its offshore unit.
Australia’s August results announcements are giving hope of an earnings recovery linked to an improving demand outlook despite higher interest rates.
Mixed reactions to Westpac update. BlueScope falls on FY24 profit drop. A2 Milk plummets on missed expectations. Lendlease losses grow. Australian Vintage, SkyCity flag impairments. Reece tanks on near-term challenges.
The job will see the listed group forge back into developing apartments – at the expense of embattled rival Lendlease.
Australian businesses are increasingly looking to offload non-core assets as the age of the corporate conglomerate draws to a close.
The focus is on Vicinity Centres when it comes to a potential play for the Lendlease funds management business.
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.
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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.
Original URL: https://www.theaustralian.com.au/topics/lendlease/page/2