Lendlease flags funds plays to expand $31bn empire
The famed building company is turning funds manager as it searches for the next leg of growth amid tough times for traditional offices and malls.
The famed building company is turning funds manager as it searches for the next leg of growth amid tough times for traditional offices and malls.
The navigation system will no longer direct tourists through a violent Cape Town township after a string of motorists were attacked, with one shot in the face and another killed.
Cities must have a variety of accommodation such as affordable housing, essential worker housing, built-to-rent accommodation, and student housing, the Lendlease Australia boss says.
Heavyweight companies BHP and Lendlease share concerns about the nation’s falling productivity levels.
Planning controls are one of the biggest ‘handbrakes’ on productivity, the chief executive of Lendlease Australia has warned.
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.
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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.
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.
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The industrial property market is locking in its status as one of the most active in Australia, with heavyweight Lendlease expanding its holdings.
Shopping centres are dragging customers back in and investors are following suit as big malls re-emerge as an attractive asset class.
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.
The global developer and builder is struggling to turn around its operation in a tough climate for property companies.
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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.
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.
The famed builder, led by Tony Lombardo, is cutting 740 jobs with most of the pain falling offshore.
The new towers in Melbourne are billed as part of the solution to the nation’s housing crisis.
Australia’s housing crisis is an untapped opportunity, with Melbourne’s Queen Victoria project a pointer to future schemes that could offer healthy returns.
Original URL: https://www.theaustralian.com.au/topics/lendlease/page/6