ASX:LLC

Lendlease Group's Stratford Cross Receives Well Community Gold Certification

Lendlease Group (ASX:LLC) said its UK project Stratford Cross has become the first place in the UK to achieve Well Community at the Gold level from the International WELL Building Institute, according to a Thursday statement.The certification recognizes Stratford Cross as a healthy, sustainable, and inclusive urban development.Stratford Cross is part of the Impact Partnership, a joint venture between Lendlease and Crown Estate, which aims to deliver a diverse range of uses across the UK, including a potential 9,000 homes in its first phase, the statement added.Lendlease Group's shares were down 1% in recent Friday trade.

ASX Biggest Losers

Here are the ASX-listed companies with the biggest losses on Thursday.Regis Healthcare (ASX:REG): -27%, AU$4.29Lindian Resources (ASX:LIN): -9%, AU$0.70Sunrise Energy Metals (ASX:SRL): -8%, AU$14.75EQ Resources (ASX:EQR): -6%, AU$0.36Electro Optic Systems (ASX:EOS): -5%, AU$8.93Lendlease Group (ASX:LLC): -5%, AU$2.84DroneShield (ASX:DRO): -5%, AU$1.64MA Financial Group (ASX:MAF): -3%, AU$5.20Woodside Energy (ASX:WDS): -3%, AU$32.15TechnologyOne (ASX:TNE): -2%, AU$30.70

Citi Downgrades Lendlease Group to Neutral from Buy; Price Target is AU$3.10

Lendlease Group (ASX:LLC) has an average rating of overweight and mean price target of AU$3.52, according to analysts polled by FactSet.

Update: Lendlease Group Swings to Fiscal 2026 Loss, Revenue Down; Shares Fall 5%

(Updates to add stock movement in the headline and the last paragraph)Lendlease Group (ASX:LLC) logged AU$0.821 in operating loss per share for fiscal 2026, compared with a profit of AU$0.559 a year ago, a Monday filing showed.For the 12 months ended June 30, revenue was AU$5.43 billion versus AU$7.75 billion previously, the Australia-listed real estate firm added.The board declared a final dividend of AU$0.095 per share, payable Sept. 16 to shareholders on record as of Aug. 24.The company expects investments, development, and construction earnings of between AU$0.37 and AU$0.41 in fiscal 2027.The company's shares fell 5% in recent Monday trade.

Lendlease Group to Buy Nearly 7 Million Securities for Employee Plans

Lendlease Group (ASX:LLC) plans to purchase around 6.6 million of its securities on-market from around Aug. 25 to fund its employee security plan, deferred rights vesting, and employee awards, according to a Monday filing with the Australian bourse.The purchases, which will vary depending on the share price, are expected to be completed by Sept. 15, with the securities held in an employee share plan trust until they vest, the filing added.

Lendlease Group Swings to Fiscal 2026 Loss, Revenue Down

Lendlease Group (ASX:LLC) logged AU$0.821 in operating loss per share for fiscal 2026, compared with a profit of AU$0.559 a year ago, a Monday filing showed.For the 12 months ended June 30, revenue was AU$5.43 billion versus AU$7.75 billion previously, the Australia-listed real estate firm added.The board declared a final dividend of AU$0.095 per share, payable Sept. 16 to shareholders on record as of Aug. 24.The company expects investments, development, and construction earnings of between AU$0.37 and AU$0.41 in fiscal 2027.

Lendlease Group Posts Fiscal 2026 Group Operating Loss of AU$0.821 Per Share, Revenue of AU$5.43 Billion

Lendlease Group Enters Agreement With DHL Supply Chain for Victoria Logistics Facility

Lendlease Group's (ASX:LLC) Australian Prime Property Fund Industrial struck a deal with DHL Supply Chain (Australia) to deliver a purpose-built logistics facility in Victoria, according to a Wednesday statement.DHL Supply will design and construct a high-specification distribution facility on a nine-hectare portion of the site, with the arrangement securing a long-term lease to DHL.Construction of the facility started in June and is targeted for completion in October 2027. Australian Prime Property Fund Industrial will manage ownership of the facility upon practical completion.Lendlease Group shares gained over 1% in recent Wednesday trade.

Lendlease's APPF Retail Selling Stakes in Two Shopping Centers to Cbus Property for Over AU$1 Billion

Lendlease Group's (ASX:LLC) Australian Prime Property Fund Retail entered deals for the sale of its 50% stakes in the Lakeside Joondalup and Westfield Carindale shopping centers to Cbus Property for about AU$1.3 billion, according to a Monday statement.As part of the deal, Lendlease will provide initial advisory support to Cbus Property under an investment management agreement.Lakeside Joondalup is located in Perth's northern growth corridor with a diverse range of retail and dining outlets, while Westfield Carindale in Brisbane provides a mix of fashion, food, and entertainment options, per the statement.Lendlease Group's shares shed about 1% in recent Monday trade.

Lendlease Group's Build-to-Rent Project in Melbourne Reaches Full Height

Lendlease Group (ASX:LLC) said its 899 Collins Street build-to-rent project in Melbourne has reached full height, marking a construction milestone for the 24-level waterfront development, according to a Monday statement.The company is delivering the project in partnership with Nippon Steel Kowa Real Estate and Tokyo Tatemono, with residents expected to arrive in early 2027.The project will also deliver Bourke Dock, a new waterfront public park, the company said.Lendlease Group shares fell 1% in recent Monday trade.

Market Chatter: KPMG Australia Names New CEO, Reuters Says

KPMG Australia appointed its Chief Financial Officer and Chief Operating Officer, John Sams, as its new Chief Executive effective immediately, Reuters reported on Tuesday.The firm's former CEO and Chairman were among the leadership who resigned in the wake of a scandal involving the misuse of confidential client information, including the sharing of Optus and Lendlease (ASX:LLC) data among staff bidding for audit work with other firms. Lendlease said it would no longer work with KPMG as its auditor.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Lendlease Group Completes Sale of The Exchange TRX Stake

Lendlease Group (ASX:LLC) said it completed the sale of its interests in The Exchange Tun Razak Exchange (TRX) to the Valiram Family Office, receiving around AU$400 million in cash, according to an Australian bourse filing on Wednesday after market hours.The company sold a 40% stake in The Exchange TRX retail mall, reducing its holding to 20%, divested its entire 60% interest in the TRX office tower, and sold a 49% stake in the TRX management company while retaining a 51% interest, resulting in a modest gain on the transaction, per the filing.The company expects to report a total profit of around AU$50 million in fiscal 2026, largely driven by the sale of management rights in its investments segment, the filing said.The remaining 20% stake in The Exchange TRX retail mall was transferred to the investments segment, effective Wednesday, while the group continues to hold a 60% interest in the remaining TRX residential land plots and TRX hotel, the filing added.

Lendlease Group Launches UK Real Estate Development Joint Venture With The Crown Estate

Lendlease Group (ASX:LLC) has launched a joint venture with The Crown Estate to unlock value from a real estate development portfolio in the UK, according to a Wednesday filing with the Australian bourse.The Impact Partnership Joint Venture has a 24 billion pound sterling pipeline of future development assets, and aims to deliver up to 30,000 new residential dwellings and more than 900,000 square meters of sustainable office and life science space, per the filing.The launch of the venture immediately releases around AU$115 million of additional Lendlease capital, reduces the company's funding costs, and halves its future funding commitments, it said.The joint venture's work on an affordable housing offer at the 60-acre Silvertown development is due to start in the next few months, while a planning application for Euston Station is scheduled for submission in fiscal year 2027.Lendlease Group shares fell 2% in recent Wednesday trade.

Lendlease Group Unveils First Australian Private Residence of Armani/Casa

Lendlease Group (ASX:LLC) unveiled Cove, the first Australian private residence of design house Armani/Casa, part of the Giorgio Armani Group, at One Circular Quay in New South Wales, the real estate company said in a statement on Monday.The company designed Cove in collaboration with Armani/Casa, the statement said.One Circular Quay is expected to be completed later in the year, per the statement.

Lendlease Group Says Macquarie Ceases to be Substantial Holder

Lendlease Group (ASX:LLC) said Macquarie Group (ASX:MQG), and its controlled bodies ceased to be substantial holders of the firm as of Tuesday, according to a Friday Australian bourse filing.Lendlease's shares fell 1% in recent trading on Friday.

Lendlease Group Completes Sale of UK Build-to-Rent Portfolio

Lendlease Group, (ASX:LLC) in partnership with Canada Pension Plan Investment Board, completed the sale of its United Kingdom build-to-rent portfolio at Elephant Park in London to Greystar, according to a Friday Australian bourse filing.The transaction will generate about AU$260 million in fiscal year 2026 cash proceeds for the company under its capital recycling strategy, per the filing.The divestment comprises 904 residences across four buildings completed between 2021 and 2024, with settlement expected before June 30, the filing added.

Lendlease Group to Sell Remaining Stake in Keyton Retirement Living Trust for AU$525 Million; Shares Jump 4%

Lendlease Group (ASX:LLC) plans to divest its remaining 25.1% stake in the Keyton Retirement Living Trust to existing co-investor Aware Super for AU$525 million, according to a Thursday Australian bourse filing.The net proceeds from the deal, subject to conditions precedent including regulatory approvals, will be used to reduce group debt, per the filing. Completion is targeted for the first half of fiscal 2027.The company's shares jumped past 4% in recent trading on Thursday.

Market Chatter: Lendlease CEO Says KPMG Refused to Furnish Details on Probe Into Audit Breach

Lendlease Group (ASX:LLC) CEO Tony Lombardo said KPMG refused to furnish details of an investigation into allegations that the accounting firm improperly accessed confidential Lendlease documents in an effort to win auditing contracts for other companies, The Australian reported Friday.Addressing a parliamentary inquiry into the scandal, Lombardo said KPMG told the company the matter had been resolved following an internal probe that examined whether the documents were stored in KPMG staff lockers, according to the report.KPMG refused to provide an account of its probe, and Lendlease reviewed the breach internally in an attempt to figure out how the information was accessed and shared, Lombardo reportedly said at the hearing.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

GPT Group's Wholesale Shopping Centre Fund Acquires 50% Stakes in Two Retail Assets

GPT Group (ASX:GPT) said its wholesale shopping center fund (GWSCF) agreed to acquire 50% interests in Sunshine Plaza in Maroochydore, Queensland, and Macarthur Square in Campbelltown, New South Wales, from the Lendlease Group (ASX:LLC)-managed Australian prime property fund, according to a Monday filing with the Australian bourse.The acquisitions include AU$622 million for the Sunshine Plaza stake and AU$568 million for the Macarthur Square stake, excluding transaction costs, per the filing.The company and GWSCF will each hold a 50% interest in Sunshine Plaza upon completion, while GWSCF will own 100% of Macarthur Square.The acquisitions will be funded via GWSCF's oversubscribed equity raise and existing debt capacity, with completion expected in July, subject to customary conditions and approvals, the filing said.The company will continue to manage leasing, property operations, and development activities for both assets, the filing added.GPT Group's shares gained about 1% in recent Monday trade.

Lendlease Group Reaffirms IDC Business Fiscal 2026 Earnings Guidance; Shares Jump 3%

Lendlease Group (ASX:LLC) said its fiscal 2026 earnings per security guidance for the IDC business was maintained at AU$0.28 to AU$0.34 per share, subject to targeted completions in the fiscal year, according to a Thursday Australian bourse filing.Following AU$4.7 billion of new Australian projects secured in the half year, the Group is working to unlock over AU$10 billion of balance sheet positions at Rozelle Bay, Sydney, and the Brisbane Athlete Village.New work secured for construction in fiscal 2026 is expected to be around AU$6.5 billion, supported by social infrastructure, defense, transport, and data centers, the company said. Backlog revenue as of June 30 is expected to be around AU$8 billion, supporting earnings momentum into fiscal 2027.The company's asset recycling program continues to progress with a number of well-advanced transactions now likely to be completed in early fiscal 2027, per the filing. Due to the timing of transactions and more challenging market conditions, underlying group gearing in fiscal 2026 is anticipated to be in the mid-30% range.Lendlease Group's shares rose past 3% in recent trading on Thursday.