LendLease Shares Gain Amid UK Asset Sales and Strategic Progress

Tue 01 Apr 25, 04:56 AM | Team Kalkine

Image source: Shutterstock

Highlights

LendLease sells a 20% stake in 21 Moorfields, London for £64 million (AU$82.74 million) to Japanese investors.

Completion of UK construction business sale, marking a shift in strategic focus.

Citi maintains a "Neutral" rating, citing near-term earnings uncertainty despite strategic progress.

Shares of LendLease Group (ASX:LLC) rose 1.2% to AU$5.97 on Tuesday following the announcement of key asset sales in the UK. The real estate and infrastructure firm confirmed that Japanese investment firms Sotetsu Urban Creates (a subsidiary of Sotetsu Holdings) and Yasuda Real Estate have acquired a 20% stake in its 21 Moorfields office asset in London for £64 million (AU$82.74 million).

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