Business
Chinese walkout sharpens focus on Lendlease – The Australian Financial Review
For Lendlease Group, Shanghai-listed Poly Group’s decision to walk away from advanced negotiations for a near $300 million sale is far more significant than a failed deal.
The Bingara Gorge sale to Poly Group may have been opportunistic, but keeping it in-house is in line with the strategy of developing and managing these sorts of sites. Perhaps there may be more demand for out-of-city living as more people choose to work from home.
And with a $112 billion development pipeline, a fresh 10-year strategy, a stronger balance sheet after a $1 billion capital raising, and the sale of the troubled engineering division finally complete, it’s a small wrinkle at worst. Pa…
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