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Lendlease Group ( (AU:LLC) ) has provided an update.
Lendlease has announced the acquisition of a site at 175 Liverpool St, Sydney, for a luxury residential development. This project, expected to include up to 300 apartments and retail space, is part of Lendlease’s strategy to expand its Australian development pipeline. The development is anticipated to commence in FY27 and complete in CY30, with a gross end value exceeding $2.5 billion. This move aligns with Lendlease’s ongoing strategy to strengthen its market position in luxury residential offerings, leveraging strong demand in Sydney. The announcement highlights Lendlease’s continued focus on growth opportunities and simplification of its operations, including significant cost savings and capital recycling.
The most recent analyst rating on (AU:LLC) stock is a Hold with a A$6.05 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 prominent player in the real estate and infrastructure industry, focusing on investments, development, and construction. The company is known for its luxury residential projects and urban renewal initiatives, primarily targeting high-end markets in Australia and internationally.
Average Trading Volume: 2,154,040
Technical Sentiment Signal: Sell
Current Market Cap: A$3.59B
For an in-depth examination of LLC stock, go to TipRanks’ Overview page.