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28 stories mentioning ASX:LLCUpdated 3d ago

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Asia

Lendlease Group Appoints Group CEO

Lendlease Group (ASX:LLC) appointed Nick O'Neil as group chief executive, effective Sept. 10, according to a Thursday filing with the Australian bourse.O'Neil will succeed Tony Lombardo, who will step down on or before June 30, per the filing.O'Neil currently serves as head of Australian real assets at AustralianSuper, the filing said.The CEO's function will be jointly led on an interim basis by Andrew Nieland, group chief financial officer, and Penny Ransom, group chief investment officer, the filing added.

ASX:LLC
Asia

Market Chatter: Lendlease Group Asks KPMG to Remove ASIC Probe-Associated Staff From Its Accounts, The Australian Reports

Lendlease Group (ASX:LLC) asked KPMG to remove all staff who are the subject of the Australian Securities & Investments Commission's probe arising from the accounting firm's audit scandal from its accounts, according to a Friday report by The Australian.Lendlease sought a guarantee from the auditing firm "that no employees currently on our audit have been, or are, the subject of any investigations," the report said, citing a company spokeswoman.In March, Australian Senator Deborah O'Neill revealed a whistleblower's allegations of misconduct at KPMG, including confidential papers from Lendlease that were allegedly used to support bids for major audit tenders for Westpac and Dexus, according to a Reuters report.Lendlease did not immediately respond to' request for comment.(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.)

ASX:LLC
Asia

Update: Lendlease Group Agrees to Sell Development Rights in Italy; Shares Hit All-Time Low

(Updates to add stock movement in the headline and last paragraph)Lendlease Group (ASX:LLC) agreed to sell its development rights to the Milano Santa Giulia mixed-use development in Italy to an investment group sponsored by local developer Bizzi & Partners for about AU$250 million, according to a Monday filing with the Australian bourse.The transaction also includes the acquisition of the company's units in the Heartbeat Fund for AU$90 million in cash and assuming project debt of AU$160 million, the filing said.The sale is anticipated to result in a post-tax operating loss of roughly AU$175 million, to be recognized within the capital release unit in fiscal year 2026, per the filing.The company's shares fell around 3% in recent Monday trade, earlier hitting a record low.

ASX:LLC
Asia

ASX Preview: Australian Shares Set to Fall as Israel-Lebanon Tensions Lift Oil; Lendlease Group Agrees to Sell Development Rights in Italy

Australian shares are poised to fall on Monday as oil prices jumped more than 2% after Israel ordered troops deeper into Lebanon, heightening Middle East supply risk and reducing expectations of a near-term easing in regional tensions.On May 29, the S&P 500 and the Nasdaq Composite each rose 0.2%, while the Dow Jones Industrial Average gained 0.7%.In the macroeconomy, Australia's manufacturing sector weakened in May as new orders fell sharply for a third consecutive month amid rising costs and ongoing supply-chain disruptions linked to the war in the Middle East, according to a survey by S&P Global published Monday.Australian card activity growth has slowed sharply in recent months, with non-fuel spending flattening and real consumer activity estimated to be contracting amid inflation and higher fuel costs, according to a Monday report by Westpac Banking (ASX:WBC, NZE:WBC).In corporate news, Lendlease Group (ASX:LLC) agreed to sell its development rights to the Milano Santa Giulia mixed-use development in Italy to an investment group sponsored by local developer Bizzi & Partners for about AU$250 million.Ventia Services Group (ASX:VNT, NZE:VNT) secured a five-year, AU$133 million contract extension to continue operating and managing the Australian marine complex-common user facility in Western Australia, with the new term commencing in July 2027.Australia's benchmark index rose 1.6% or 138.8 points to close at 8,731.70 on May 29.

ASX 200ASX:LLCASX:VNTASX:WBCNZE:VNTNZE:WBC
Asia

Lendlease Group Agrees to Sell Development Rights in Italy

Lendlease Group (ASX:LLC) agreed to sell its development rights to the Milano Santa Giulia mixed-use development in Italy to an investment group sponsored by local developer Bizzi & Partners for about AU$250 million, according to a Monday filing with the Australian bourse.The transaction also includes the acquisition of the company's units in the Heartbeat Fund for AU$90 million in cash and assuming project debt of AU$160 million, the filing said.The sale is anticipated to result in a post-tax operating loss of roughly AU$175 million, to be recognized within the capital release unit in fiscal year 2026, per the filing.

ASX:LLC
Asia

Lendlease Group Fund, Charter Hall Enter into Process on Sydney CBD Transactions

Lendlease Group's (ASX:LLC) managed fund, Australian Prime Property Fund Commercial, and Charter Hall Group (ASX:CHC) entered into a process on a series of transactions across the Spring and O'Connell Street precinct in Sydney's central business district, according to a Friday statement.The first transaction phase includes the completed exchange of contracts on 19, O'Connell Street and strata lots within 23, O'Connell Street.Charter Hall also accepted a pre-emptive offer for the remaining interests in 1, O'Connell Street, 8, 10, 16, Spring Street, and the remaining strata lots in 23, O'Connell Street due to an exchange in the coming weeks.Following the divestment, the fund will focus on its portfolio of office assets, per the statement.Shares of both firms fell 1% in recent trading on Friday.

ASX:CHCASX:LLC
Asia

Lendlease Group Shares Down After Redevelopment Proposal in New South Wales

Lendlease Group (ASX:LLC) shares fell 2% in recent Monday trade after the company said Sunday that the New South Wales government has decided to advance its proposal to redevelop Rozelle Bay.The proposed redevelopment aims to deliver up to 3,000 new homes, with plans to complete 1,000 of them by 2032, to help meet more than 35% of the state government's home target of 8,500 homes across the Bays West precinct, Lendlease said.The company is a long-term leaseholder at Rozelle Bay, and will continue to collaborate with the government to refine the proposal, it said.

ASX:LLC
Asia

Lendlease Group Says BlackRock Group Ceases to be a Substantial Shareholder

Lendlease Group (ASX:LLC) received notice that BlackRock Group and its subsidiaries are no longer substantial holders of the company from April 10, according to a Tuesday filing with the Australian bourse.BlackRock Group and its subsidiaries became a substantial holder of the company on April 8, with a 5.01% total voting power, an earlier filing showed.

ASX:LLC

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