Stockland wins approval to buy $1.3bn housing estate portfolio
The competition regulator has approved the deal on the proviso that a key NSW housing estate is sold off to address its concerns.
Lendlease
ASX 200 soars to second-highest close; Star reveals profit hit
Star trims statutory loss to $1.69bn as earnings, underlying profit take a hit. Cettire drops on analyst downgrade. Brickworks lifts on underlying profit beat. Step One insiders’ near-$32m selldown weighs. Platinum rebuffs Regal takeover.
New Lendlease chairman to be unveiled soon
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 in sale talks to win approval for $1.3bn housing deal
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.
Lendlease falls to $1.5bn loss amid costly international exit
The embattled listed property developer is winning local jobs, but still faces a tough task getting capital back to Australia from its offshore unit.
Reporting season points to improving demand outlook
Australia’s August results announcements are giving hope of an earnings recovery linked to an improving demand outlook despite higher interest rates.
ASX 200 up; banks gain; A2M, BlueScope dive
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.
Stockland hits high note with Waterloo Estate win
The job will see the listed group forge back into developing apartments – at the expense of embattled rival Lendlease.
Why companies are selling their core assets
Australian businesses are increasingly looking to offload non-core assets as the age of the corporate conglomerate draws to a close.
Potential buyers of Lendlease retail fund hover
The focus is on Vicinity Centres when it comes to a potential play for the Lendlease funds management business.
Towering ambition: sky’s the limit in effort to woo back workers
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.
Darling Square on the market as owners seek an exit
Lendlease’s flagship office fund and Aware Super have put Sydney’s Darling Square office development on the market for more than $400m.
Lendlease teams with Japanese backer for Sydney site
Listed developer Lendlease and Mitsubishi Estate Asia have bought a major residential site in Sydney’s eastern suburbs for a new $500m project.
ACCC concerned by Lendlease, Stockland estate sale
The competition regulator says the deal in its current form could create issues in three states.
ASX 200 lifts; Santos jumps on takeover interest
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.
Lendlease marches out of US military housing
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.
ASX 200 falls on tech losses; Lendlease soars
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 under pressure on funds management front
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.
McCann’s crowning glory Star gig has tongues wagging
There was more than a hint of jealousy in comments made about Steve McCann’s Star Entertainment appointment, following his lucrative Crown Resorts stint.
ASX falls; Aug rate hike bets rise
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.
Ex-Lendlease boss bets on Star as Tabcorp appoints 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, PwC reject claims by whistleblower
Lendlease and PwC Australia say claims by former corporate tax lawyer Anthony Watson for whistleblower protections and compensation are wrong.
Tabcorp’s CEO race entering final furlong
Former Crown Resorts and Lendlease boss Steve McCann is a strong contender for the CEO role at Tabcorp.
Lendlease building 220m timber tower, world’s tallest
The Australian heavyweight is seeking capital backers as it joins a top private developer to develop the world’s tallest hybrid timber skyscraper.
ASX up 0.8pc; APM jumps, Lovisa down
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 strategy hits ACCC hurdle
Lendlease has hit a snag as it looks to cut down its sprawling empire
Lendlease sells US construction ops amid retreat
The sale of the property developer’s New York-headquartered business is part of a strategy to bring capital back to local shores.
ASX 200 closes down; Boss Energy dives
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.
Lombardo needs to deliver on plan for radical surgery
Lendlease has reversed the major offshore expansion program that boss Tony Lombardo himself was part of, but the move also buys some breathing space.
All-in on Australia a good idea?
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