Lendlease puts construction arm up for sale

May 28, 2024 · Latest accounts for Lendlease Europe, which largely represents the UK, revealed construction revenue fell 17% to £380m with EBITDA up from £2m to £5.6m in the year to …

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Lendlease Puts Construction Arm Up For Sale

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May 28, 2024 · Latest accounts for Lendlease Europe, which largely represents the UK, revealed construction revenue fell 17% to £380m with EBITDA up from £2m to £5.6m in the year to …

constructionenquirer.com

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Lendlease Offers Construction Arm For Sale – Toqshop

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May 28, 2024 · Group chief executive Tony Lombardo said Lendlease would realize A$4.5bn (£2.3bn) from the sale of international construction and the imminent release of global assets. …

toqshop.com

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Lendlease Sale Needs To Happen Quickly, Boss Admits, As ... - Building

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Jun 10, 2024 · Lendlease put the business up for sale at the end of last month, bringing to an end a 25-year ownership which began in 1999 when the firm paid £285m for the then Bovis which …

building.co.uk

FAQs about Lendlease puts construction arm up for sale Coupon?

Will Lendlease sell its UK construction arm?

The firm expects to offload its UK construction arm within the next 18 months and said it was already well advanced on plans to sell the US construction operation. Lendlease will also offload its portfolio of nearly a dozen development projects in London, Birmingham and Manchester. ...

Is Lendlease being put up for sale?

A spokesperson for Lendlease said the UK construction arm, which employs around 700 people, was only told on Monday that it was being put up for sale. Although an open letter from shareholders had recommended the move earlier this year, one industry source said such an “extreme” decision had come as a surprise. “Did anybody anticipate this? ...

Will Lendlease's UK construction business lead to less competitive pricing?

Industry leaders have been caught off guard by Lendlease’s decision to put its UK construction business up for sale, with some warning it could lead to less competitive pricing on big schemes. ...

Will Lendlease restructure its development business?

Lendlease will also offload its portfolio of nearly a dozen development projects in London, Birmingham and Manchester. The dramatic plan to simplify and restructure the global development and construction business comes after a disappointing four years, which has seen Lendlease’s stock fall by around half. ...

Will building give Lendlease new work if it's up for sale?

Building has spoken to several who have said they will not give Lendlease new work while it is up for sale. “I would love to but I would have to say no right now,” one told Building yesterday. ...

How many staff does Lendlease construction have in the UK?

The pre-tax figure stood at a loss of £124m, due to additional building safety writedowns. Overall the headcount stands at just over 1,200 staff with around two-thirds involved with construction. One city analyst said: “To a degree Lendlease Construction in the UK looks like an in-house contractor for the development business. ...