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  • Lendlease Group

    Development, construction, investment management and ownership of property and infrastructure assets.

    LLC$6.100
     -0.060 -0.97%

    Data last updated:Jul 19, 2024 – 3.58pm. Data is 20 mins delayed.

    Previous Close

    6.160

    Open

    6.060

    Day Range

    6.030 - 6.160

    52 Week Range

    5.320 - 8.700

    Volume

    1,286,818

    Value

    6,632,181

    Bid

    6.100

    Ask

    6.110

    Dividend Yield

    2.85%

    P/E Ratio

    333.33

    Market Cap

    4.208B

    Total Issue

    689,792,371

    ASX Announcements

    Market Sensitive

    Sale of Communities - ACCC update

    Progress Report

    • Jul 4, 2024
    • 1 page

    Market Sensitive

    AXX:SSRCP, Lendlease proposed deal raise preliminary concern

    Company Administration - Other

    • Jul 4, 2024
    • 2 pages

    Change of Director's Interest Notice

    Change of Director’s Interest Notice

    • Jul 1, 2024
    • 2 pages

    Market Sensitive

    $480 million sale of US Military Housing business

    Profit Guidance, Asset Disposal

    • Jul 1, 2024
    • 3 pages

    Change in substantial holding from MQG

    Change in substantial holding

    • Jun 27, 2024
    • 38 pages

    View all LLC announcements

    This Month

    Would you like coffee with your concrete?

    One of the world’s most polluting materials can be made less polluting. The new technology has helped Arup win the Professional Services category.

    • Michael Bleby
    Artist’s concept of how the development at 1 Darling Point Road in Sydney’s Edgecliff could look with bonus 60-metre height limit. 

    Lendlease plans $500m development in Sydney’s Edgecliff

    The new project is one of many the developer needs to show investors it is replenishing its local housing pipeline as it pivots to a new Australian focus.

    • Michael Bleby
    ACCC commissioner Liza Carver.

    ACCC uses land grab to put new property prices under microscope

    Two big property groups trying to trade 12 would-be housing estates have caught the regulator’s eye.

    • Anthony Macdonald
    Going, going … Lendlease’s 760-lot Alkimos Beach community is one of 12 Stockland is acquiring.

    ACCC gives Lendlease, Stockland two-month ultimatum over $1.3b deal

    The competition watchdog has further delayed a decision on the two property giants’ transaction over a 12-community portfolio of assets.

    • Michael Bleby
    Changing hands: Family housing units in the military base at Fort Cavazos in central Texas, previously named Fort Hood. 

    Lendlease sells US military housing business for $480m

    The divestment of its contract to maintain and manage 40,000 military housing units is the latest part in the $4.5 billion divestment and global retreat.

    • Michael Bleby
    Advertisement
    xx

    Foreign students hit; Citi’s weightlifting fighter; $4.8m property tip

    Read everything that’s happened in the news so far today.

    June

    Can Google bring the groove to drab Docklands?

    The tech giant is eyeing the top three floors in Lendlease’s Melbourne Quarter Tower, a move that could add hipster vibes to the drab Docklands precinct.

    • Nick Lenaghan
    Mick Owens, the general manager of Greenfields Developments, estimates construction of about 1600 homes has been delayed due to industrial action by Endeavour Energy workers.

    Pay dispute delays construction of 1600 homes

    Industrial action by workers at poles and wires company Endeavour Energy is stalling the delivery of 1600 homes and $1.2 billion worth of warehouses in Sydney.

    • Campbell Kwan and David Marin-Guzman
    QBE’s Frank O’Halloran, ANZ’s Mike Smith and Macquarie’s Shemara Wikramanayake have had different experiences expanding their empires overseas.

    Global ambitions a dangerous trap for overzealous local giants

    “An organic approach to world domination is a better way to do it,” says Allan Gray’s Simon Mawhinney. A string of failures shows he’s on the money.

    • Jemima Whyte
    CFMEU NSW secretary Darren Greenfield (front) said more builders were expected to sign up.

    Builders sign up to CFMEU NSW’s 22pc pay rise

    Buildcorp has become the first builder to sign up to the CFMEU’s new industry agreement in NSW, which leapfrogs John Setka’s Victorian deal.

    • David Marin-Guzman

    In the end, complexity felled the Lendlease empire

    Lendlease was globally recognised for engineering excellence, its ability to build thriving community spaces, and its nurturing of many leading CEOs. Its diminution is instructive as well.

    • Tony Boyd
    Robert Gottliebsen on stage with other former Chanticleer columnists.

    The tallest tales from 50 years of Chanticleer

    Movers and shakers from around Australia helped celebrate 50 years of The Australian Financial Review’s revered Chanticleer column. Here are the top tales and anecdotes from each of our past columnists.

    • Updated
    Render of interior of a luxury apartment inside Lendlease’s One Sydney Harbour.

    Low-key investor buys entire floor of luxury Sydney tower for $39m

    Property investor Qing Zhong has forked out almost $39 million for an entire floor of Lendlease’s One Sydney Harbour.

    • Bonnie Campbell

    Lendlease taps interest for $1.8b ‘tallest’ timber tower in Sydney

    The global developer is moving swiftly on its radical restructure. Chief Tony Lombardo has fronted investors with plans for the world’s tallest hybrid tower.

    • Nick Lenaghan and Hannah Wootton

    Lendlease profit cut after ACCC delay on $1.3b estates sale

    The earnings downgrade comes as an early blow for the company’s radical reset of its vast development business through a $4.5 billion divestment program.

    • Updated
    • Nick Lenaghan
    Advertisement
    Bank of American analyst David Errington.

    What these veteran analysts focus on when valuing companies

    “Don’t fill my head up with irrelevant nonsense,” says David Errington who, like Brian Johnson and Charlie Green, is focused strictly on the big picture: cost of capital.

    • James Eyers

    May

    The Trump International Hotel at 1100 Pennsylvania Avenue in Washington.

    Why Lendlease is rebuilding after going big and going home

    The Australian builder, developer and investor promises major change. But questions remain unanswered by the activist target.

    • Michael Bleby
    CBA boss Matt Comyn has a flurry of ideas in his head about how AI will affect his industry and country.

    Why CBA’s AI future needs more reimagining

    A US trip left CBA chief executive Matt Comyn with questions to which he doesn’t have all the answers. It’s a common theme across the Australian business world.

    • Paul Smith
    Lendlease chief executive Tony Lombardo’s plan to offload the developer’s empire has been well received by investors.

    Global expansion vision survives Lendlease exit

    It’s a myth that Australian companies don’t do well overseas. Yet, it is hard not to be disappointed at this ebbing of an Australian company with vision in its blood from the start.

    • The AFR View
    Lendlease chief executive Tony Lombardo has been forced into a strategic reckoning.

    Why Lendlease couldn’t grow like Westfield or Goodman

    The developers’ mantra “think global, act local” makes sense but too often the offshore investments, by Lendlease and many others, have lacked discipline.

    • Robert Harley

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