Planning delays ‘a brake on building’
Planning controls are one of the biggest ‘handbrakes’ on productivity, the chief executive of Lendlease Australia has warned.
Lendlease
Google, Lendlease dump $23bn San Fran deal
The move to halt development projects worth billions reflects the dramatic changes in fortunes of both companies and cuts into the Australian company’s massive global pipeline.
ASX up; first strike against Qantas pay
Qantas gets massive first strike against pay; directors Sampson, Hutchinson stay on board. Macquarie gains on buyback after earnings miss. Block soars. Treasury, Aussie Broadband dive.
Stokes’s Seven to switch to new Docklands digs
The TV station, which is controlled by billionaire Kerry Stokes, looks set to be on the move as a big developer courts the station for its latest tower.
Stockland hits Lendlease wall
Lendlease is trying to extract a higher value from Stockland for its communities business but the residential developer apparently won’t budge on the price.
Why Lendlease’s back-to-office plan includes Gen Z, mentors
Getting staff back in the office has proved tricky after the pandemic. But one of the nation’s top property developers thinks it can lure Gen Z back. Here’s how.
Industrial property players on a roll
The industrial property market is locking in its status as one of the most active in Australia, with heavyweight Lendlease expanding its holdings.
Big malls are back in fashion
Shopping centres are dragging customers back in and investors are following suit as big malls re-emerge as an attractive asset class.
Lendlease looks to full sale of communities unit
Expectations are starting to mount of a full sale of Lendlease’s communities business, as the company bets on good sale results of non-core assets to achieve its earnings targets.
Lendlease falls to $232m loss as housing unit sale looms
The global developer and builder is struggling to turn around its operation in a tough climate for property companies.
ASX 200 falls; Syrah top loser, Carsales zooms
Share market falls to lowest close in just over four weeks. Dell Australia cops $10m fine. Carsales top gainer on dividend lift. Beach tanks on profit fall.
Thais in talks on Lendlease stake
Thai real estate developer Supalai is believed to be in talks with Lendlease about taking a 50 per cent stake in its community business in a deal that could be worth over $850m.
Tradie misery as 740 jobs slashed
A major global builder with a base in Australia will slash hundreds of jobs, equating to roughly to 10 per cent of its international workforce.
Lendlease to slash workforce by 10pc
The famed builder, led by Tony Lombardo, is cutting 740 jobs with most of the pain falling offshore.
Lendlease wins Japanese backer for build-to-rent play
The new towers in Melbourne are billed as part of the solution to the nation’s housing crisis.
Build-to-rent: Is this the future of property investing?
Australia’s housing crisis is an untapped opportunity, with Melbourne’s Queen Victoria project a pointer to future schemes that could offer healthy returns.
Lendlease freezes new jobs as development sours
The property giant says its decision to halt taking on new employees is reflective of the tough conditions faced by developers.
Queen Victoria Market to get $1.7bn overhaul
Developer Lendlease is planning three towers, but traditional flats are out.
Huge fine for gruesome toe injury
A major construction company has been fined thousands of dollars after a bricklayer had his toe amputated following a scary accident on its worksite.
Lendlease taps Gresham for sell-off of unit stake
Lendlease is understood to have tapped advisory firm Gresham for the sale of its retirement living business stake.
Inside the apartments with $1bn harbour views
It has surpassed $1bn in sales, but the European-born interior designer of Sydney’s One Circular Quay eschews the luxury label and says the view is the main star.
Smithfield centre $140m sale signals spur
Private fund managers are making the running as the retail property market resets.
Cairns Central wins interest as shops back in vogue
Retail property assets are trading again, but values are under pressure.
Tech chiefs urge AI skills for staff
A panel of property developers and experts has compared banning the use of ChatGPT among other generative AI as ‘leaving the garage door open’.
One Circular Quay cracks $1bn sales mark
More than half of residences were pre-sold, and the sale of the penthouse could rival the One Sydney Harbour penthouse’s $140m record.
What communities sale means for Lendlease & Stockland
Asset sales are what Lendlease needs to allay market fears of an equity raising, say analysts.
Lendlease eyes local ‘challenges’ after cutting US exposure
The property group has warned that slowing housing transactions is posing a challenge for earnings as it offloads $126m US Military housing asset.
Stockland eyes Lendlease unit
Stockland is understood to have held talks with listed rival Lendlease about an acquisition of at least part of its $1.7bn-plus Australian Communities business.
Mitsubishi, Lendlease talk terms over property stake
Mitsubishi Estate Asia is understood to be seeking to renegotiate terms for its acquisition of a stake in Lendlease’s yet-to-be-built North Sydney office tower.
Lendlease offloads shopping centre amid industry reset
The $300m shopping centre sale in Melbourne shows that investors are back chasing centres, but pricing has shifted.
Original URL: https://www.theaustralian.com.au/topics/lendlease/page/5