Lendlease Group (AU:LLC) has released an update.
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Lendlease has successfully completed the sale of 12 master-planned communities in Australia to Stockland Corporation and Supalai Australia Holdings for $1,060 million, marking a significant milestone in its capital recycling strategy. The company aims to recycle $2.8 billion of capital in FY25, enhancing its focus and profitability. Although some land parcels were excluded from the deal, Lendlease remains optimistic about its financial outlook for the year.
For further insights into AU:LLC stock, check out TipRanks’ Stock Analysis page.
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