Yesterday
If Lendlease shrinks abroad, it must grow at home: analysts
Analysts have endorsed Lendlease’s radical retreat to Australia, where the global developer is better performing, but warn considerable execution risk remains.
- Nick Lenaghan
How Lendlease yanked the handbrake in Britain
The developer whipped up a $58 billion pipeline in barely a decade. As it goes into reverse, Australia’s super funds could be waiting in the wings.
- Hans van Leeuwen
Inside the last days of Lendlease’s global empire
Three of the country’s most senior investment bankers were drafted in to advise the property giant on its biggest reset for at least a quarter of a century.
- Aaron Weinman
This Month
- Opinion
- Chanticleer
The two forces driving Lendlease to tear itself apart
For 66 years, Lendlease has been an icon of Australian business. But its global ambitions lie in tatters after a reckoning that’s been coming for decades.
- James Thomson
Lendlease seals truce with activists in radical reset
The property giant expects its new strategy to free up $4.5 billion of capital and will sweeten the deal with a $500 million share buyback.
- Updated
- Aaron Weinman
April
Tanarra sharpens criticism of Lendlease’s Lombardo, Ullmer
John Wylie’s firm has been calling for major changes at the property group. In a letter to investors, it makes clear its views of the company’s chief executive.
- Kylar Loussikian
Why Lendlease CEO Tony Lombardo landed on the career fast track
The double jolt of his mother being diagnosed with cancer and his father dying at an early age put Lendlease CEO Tony Lombardo on the career fast track to everything.
- Sally Patten and Lap Phan
March
Lendlease defends guidance shock
The beleaguered property giant says it could not have disclosed a change in its forward guidance any earlier than last month’s December half announcement.
- James Thomson
February
- Opinion
- Chanticleer
‘Broken business model’: Wylie slams Lendlease
While CEO Tony Lombardo pleads for patience, a veteran investor wants to see more radical change after Monday’s big fall.
- James Thomson
December 2023
AFR Business People of the Year | What CEOs want | Inside Chemist Warehouse
In this week’s episode, James and Anthony take a deep dive into what CEOs want to see from Anthony Albanese in 2024 and discuss the astounding Chemist Warehouse deal.
November 2023
- Exclusive
- Property development
Lendlease boss flags strategic pivot in Europe
As part of its shift from developer to investor, Lendlease will look to buy British buildings that need a green refurb or conversion from offices to housing.
- Hans van Leeuwen
March 2023
- Exclusive
- Construction
Japan targets more Australian property deals: Lendlease
Lendlease boss Tony Lombardo is meeting with executives at Japan’s top property and banking giants as interest in the Australian market out of Tokyo grows.
- Michael Smith
- Opinion
- Chanticleer
Lendlease says more builders will go bust
Global property group Lendlease says it can navigate through the toughest property market in years, but warns more builders will become insolvent.
- Tony Boyd
October 2022
- Exclusive
- Property development
Lendlease poised to bring build-to-rent model Down Under
CEO Tony Lombardo says a first Australian BTR project is imminent, as part of the transformation strategy he hopes will restore Lendlease’s ‘blue-chip’ status.
- Hans van Leeuwen
April 2022
- Opinion
- Chanticleer
Tanarra tells Lendlease: lift your game
Fresh from its successful activist shareholder campaign against Boral, John Wylie’s Tanarra Capital is putting the heat on Lendlease to accelerate its transformation program.
- Tony Boyd
October 2021
- Exclusive
- Office
Lendlease CEO’s world tour lessons
Lendlease chief executive Tony Lombardo discovers how different countries cope with COVID-19, and he reimagines corporate travel and office life.
- Updated
- Hans van Leeuwen
August 2021
Lendlease plots a path to double development production in two years
Investors, wary of a company that has long underperformed its own return targets, expressed caution about the planned $8 billion target.
- Michael Bleby
July 2021
Lendlease sells services arm for $310m as Lombardo clears the deck
The sale was originally coupled with the divestment of its engineering arm two years ago after a series of problems emerged on Lendlease’s projects prompting large write-downs.
- Nick Lenaghan
- Opinion
- Chanticleer
More questions than answers in Lendlease downgrade
After delivering Lendlease’s second consecutive profit downgrade, new CEO Tony Lombardo left the market hanging on his restructure of the group.
- James Thomson
June 2021
Lendlease sharpens global focus in Lombardo’s reshuffle
The new chief executive has promoted his closest rivals for the job to play bigger roles in the changing company.
- Michael Bleby
