Latest Property Development News

Lendlease and Bizzi & Partners have extended the deadline for conditions attached to the proposed sale of Lendlease’s MSG North development rights in Milan. Closing remains uncertain, with Lendlease warning it may need to fund approximately $160 million of project obligations if the transaction fails.

Finbar Group (ASX:FRI) delivered its strongest annual profit since FY2015, with net profit rising 40.9% to $20.3 million despite lower revenue. Record pre-sales, reduced debt and a $1.95 billion development pipeline give the Perth apartment developer a substantial FY27 workload.

UOA Development Bhd reported a 70% rise in quarterly revenue to RM221.2 million and a modest profit increase to RM95.6 million, driven by ongoing projects and robust new property sales.

Cedar Woods Properties delivered a record $65.6 million net profit after tax in FY26, up 36%, supported by strong presales and disciplined capital management, while targeting 15% NPAT growth in FY27.

Finbar Group delivered its strongest profit since FY15 with a 41% rise in NPAT to $20.3 million despite a 28% revenue decline, underpinned by record pre-sales and a robust development pipeline exceeding $1.8 billion.

CDL Investments New Zealand reported a modest profit decline for the first half of 2026, reflecting ongoing residential market challenges, while securing a $20 million credit facility to support future development.

Precinct Properties has obtained resource consent under the Fast-track Approvals Act 2024 for its Downtown Carpark project, advancing a key development milestone ahead of its August annual results.

Desane Group Holdings progresses key developments in Penrith and Leichhardt, with construction milestones and tenant arrangements set to boost recurring income.

Lendlease has partnered with The Crown Estate to form the Impact Partnership Joint Venture, unlocking a £24 billion UK development pipeline including up to 30,000 new homes and nearly a million square metres of office and life sciences space.

Lendlease is advancing its capital recycling strategy by selling the development rights to its Milano Santa Giulia North project in Milan for approximately $250 million, anticipating a significant operating loss in FY26.

UOA Development Bhd’s Q1 2026 results reveal a decline in revenue and profit compared to last year, despite a solid RM130.7 million in new property sales and a substantial unbilled sales pipeline.

Tian An Australia Limited reported a statutory profit of $23.4 million for the year ended 31 December 2025, driven by strong property development sales and a gain from restructuring its major shareholder loan. The company progressed multiple residential projects and improved its net asset position amid a recovering housing market.