Lendlease to pull out of UK and sell its overseas construction business

By Tom Lowe2024-05-28T10:28:00

’Profound change’ for Australia-based group to see its development and construction arms based solely on home turf

Lendlease is pulling out of the UK and selling its overseas construction businesses so it can focus on its operations in Australia.

The New South Wales-based multinational has announced a sweeping restructure aiming to free up AD $4.5bn (£2.35bn) of capital in order to pay down debt and realise value for its shareholders.

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