Lendlease Completes UK Construction Sale and Expands Investment Management

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Lendlease Completes UK Construction Sale and Expands Investment Management

The latest update is out from Lendlease Group ( (AU:LLC) ).

Lendlease has completed the sale of its UK Construction business to Atlas Holdings, marking its exit from international construction. This move aligns with the company’s strategy to focus on its Australian operations and expand its international investment management platform. Additionally, Lendlease has introduced two new Japanese investment partners, Sotetsu Urban Creates and Yasuda Real Estate, who acquired a 20% interest in a premium-grade office asset in London. This development follows recent investment successes and the establishment of a new Life Sciences joint venture, Vita Partners. Lendlease aims to enhance securityholder returns by simplifying operations, recycling capital, and pursuing growth opportunities.

More about Lendlease Group

Lendlease Group is a multinational company operating in the property and infrastructure industry. It focuses on investment management and development, with a strategic emphasis on growing its Australian operations and international investment management platform.

YTD Price Performance: 0.31%

Average Trading Volume: 2,223

Technical Sentiment Signal: Strong Buy

Current Market Cap: $2.64B

For an in-depth examination of LLC stock, go to TipRanks’ Stock Analysis page.

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