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Lendlease Advances $250m MSG North Sale with $175m Operating Loss

8:53am on Monday 1st of June, 2026 AEST Real Estate
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Lendlease Advances $250m MSG North Sale with $175m Operating Loss

8:53am on Monday 1st of June, 2026 AEST
Key Points
  • Sale of MSG North development rights valued at ~$250 million
  • Expected post-tax operating loss of about $175 million in FY26
  • Transaction includes $90 million cash proceeds and $160 million project debt assumption
  • Part of ongoing capital recycling with ~$2.9 billion disposed since May 2024
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