Chanticleer
Prospect of Lendlease write-downs impossible to ignore
It’s hard to get a good price when trying to sell assets quickly and cleanly: that’s the juggle inside Lendlease ahead of Monday’s investor day, where write-downs are on the cards.
Lendlease’s day of reckoning is fast approaching.
When it gets here on Monday, the overarching theme of its strategy reset will be scaling back UK/Europe and US construction and development, and repatriating that capital back home to Australia – that much is a given.
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