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Lendlease Group ( (AU:LLC) ) has issued an announcement.
Lendlease has announced a 50/50 joint venture with The Crown Estate, involving the sale of six UK development projects. This partnership is expected to accelerate the release of over $300 million in capital and halve future funding commitments. The JV aims to deliver significant economic, social, and environmental benefits, including 26,000 new residential dwellings and sustainable office spaces, while enhancing Lendlease’s market position in the UK. Additionally, Lendlease has secured a $1.2 billion investment mandate in Australia, further strengthening its investment management capabilities and increasing its funds under management to approximately $20 billion.
The most recent analyst rating on (AU:LLC) stock is a Hold with a A$5.79 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 multinational company operating in the property and infrastructure sectors. It specializes in urban regeneration projects, sustainable office spaces, and investment management, with a strong focus on delivering city-shaping developments and managing premium sustainable assets.
YTD Price Performance: -10.39%
Average Trading Volume: 1,833,032
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$3.78B
For a thorough assessment of LLC stock, go to TipRanks’ Stock Analysis page.