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Lendlease Group ( (AU:LLC) ) has issued an update.
Lendlease has agreed to sell a 40% interest in The Exchange TRX retail mall and its entire 60% stake in the adjacent office tower in Malaysia for about $400 million to the Valiram Family Office, as part of its FY26 capital recycling strategy. Following completion, the group will retain a 20% investment in the mall, as well as majority stakes in the adjoining hotel and residential land, which remain earmarked for future divestment, while advisers have been appointed to sell the hotel. The company continues to target $2 billion of capital recycling from its Capital Release Unit in FY26, but slower-than-expected transaction activity has pushed anticipated cash inflows of around $1 billion from the first to the second half and is expected to leave the unit loss-making in the first half. Lendlease is still aiming to cut group gearing to about 15% by the end of FY26 through $2 billion of CRU asset sales, a $300 million joint venture settlement with The Crown Estate and $1 billion of broader asset recycling, although delays of roughly $1.2 billion in deal timing are expected to temporarily lift gearing into the mid to high 30% range at the half-year, before future project settlements, including One Circular Quay and Victoria Harbour in FY27, provide additional proceeds.
The most recent analyst rating on (AU:LLC) stock is a Hold with a A$6.58 price target. To see the full list of analyst forecasts on Lendlease Group stock, see the AU:LLC Stock Forecast page.
More about Lendlease Group
Lendlease Group is a global real estate and investment company involved in property development, construction and investment management, with a portfolio spanning retail, office, residential and mixed-use assets. The group focuses on capital recycling and active asset management across its Development, Investments and Capital Release Unit segments to optimise returns and manage balance sheet gearing.
YTD Price Performance: -16.67%
Average Trading Volume: 1,170,053
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$3.42B
For detailed information about LLC stock, go to TipRanks’ Stock Analysis page.