Lendlease Group (AU:LLC) has released an update.
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Lendlease has successfully completed the sale of 12 master-planned communities in Australia to Stockland Corporation and Supalai Australia Holdings for $1,060 million, marking a significant milestone in its capital recycling strategy. The company aims to recycle $2.8 billion of capital in FY25, enhancing its focus and profitability. Although some land parcels were excluded from the deal, Lendlease remains optimistic about its financial outlook for the year.
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