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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. ....
The developer of affordable housing for downsizing over-55s could not avoid higher building costs, which have narrowed its new-home profit margin. ....
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. ....