LLC ASX: Beware unknowns in Lendlease s $4 5b turnaround, say old hands afr.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from afr.com Daily Mail and Mail on Sunday newspapers.
While it will retain its Asian investment platform, the restructure will be the biggest shake-up at the property giant since it sold MLC two decades ago.
Chief executive Darren Steinberg says there are signs of stability is returning to the office deals market as buyers gain confidence that write-downs are near the end.