Latest Lendlease 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.

Lendlease Group has updated its FY26 half-year dividend details, confirming the DRP price after the VWAP period and outlining dividend equivalents in AUD, NZD, and GBP. The unfranked dividend of AUD 0.0955 per security will be paid on 16 September 2026.

Solaris Australian Equity Income Plus Limited (ASX:SET) has delivered a maiden profit and outperformed its benchmark since listing in April 2026, announcing initial fully franked monthly dividends.

Lendlease posted a statutory loss of $749 million in FY26, weighed down by impairments in its Capital Release Unit, while its core Investments, Development, and Construction segments delivered solid operating profits and secured significant new projects.

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 has finalised the sale of its UK Build to Rent portfolio at Elephant Park, London, recycling capital with cash proceeds of approximately $260 million expected in FY26.

Lendlease is selling its 25.1% stake in the Keyton Retirement Living Trust to Aware Super for $525 million, part of a broader $3.4 billion capital recycling push aimed at debt reduction.

Lendlease appoints seasoned real asset executive Nick O’Neil as CEO, marking a leadership shift aligned with its strategic reset and portfolio simplification.

Elanor Investors Group appoints David McNamara as CEO, signaling a leadership shift following a balance sheet recapitalisation and strategic reset. The Board also sees key transitions with Tony Fehon moving to a non-executive role and Su Kiat Lim stepping down.

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.

PARKD Ltd has secured a $220,000 strategic investment from NSW concrete heavyweight Azzurri Concrete, reinforcing its modular construction push in the state and complementing its existing Queensland partnership.

Lendlease Group has updated its dividend announcement, confirming the Dividend Reinvestment Plan price and detailing dividend amounts in Australian, New Zealand, and British currencies.