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A big-name company all but forgotten among investors is now “one of the most compelling opportunities on the ASX today”.
That’s according to Firetrail Investments portfolio manager Blake Henricks, who reckons that
“Lendlease is a global leader in property development and investment management,” he wrote in a memo to clients.
“Their expertise and reputation in property development has seen the development pipeline grow to over $110 billion today.”
LendLease is a name familiar to Australians on construction sites, but it also has two other arms — property development and investment management.
Why are LendLease shares cheap right now?