Highlights

  • Consensus rating of Hold from 6 analysts: 2 Buy or equivalent, 3 Hold, 1 Sell or equivalent.
  • Mean price target of A$3.33 against a share price of A$2.52 on 8 October 2026, an implied upside of 32.1%.
  • Analyst targets range from A$2.92 to A$4.42.
  • Lendlease (ASX:LLC) provided an update on 2 October 2026 on the sale of its ownership interest in the development rights to the Milano Santa Giulia mixed-use development (MSG North), held by the Heartbeat Fund in Milan, Italy, to an Investment group sponsored by local developer Bizzi and Partners S.p.A.

Lendlease Group (ASX:LLC) carries a consensus analyst rating of Hold. Of the 6 analyst recommendations recorded, 2 are Buy or equivalent, 3 are Hold and 1 is Sell or equivalent. The mean price target is A$3.33, with targets ranging from A$2.92 to A$4.42, against a current share price of A$2.52 (8 October 2026). Lendlease Group is an international property and infrastructure group with development interests that include the Milano Santa Giulia mixed-use development in Milan, Italy.

Company name

Lendlease Group

Ticker

(ASX:LLC)

Exchange

ASX (Australian Securities Exchange)

Current share price

A$2.52

Price date

8 October 2026

Number of analysts

6

Rating consensus

Hold

Consensus price target (mean)

A$3.33

Highest target

A$4.42

Lowest target

A$2.92

Implied upside/downside to mean target

Implied upside of 32.1%

Latest developments

Lendlease (ASX:LLC) provided an update on 2 October 2026 on the sale of its ownership interest in the development rights to the Milano Santa Giulia mixed-use development (MSG North), held by the Heartbeat Fund in Milan, Italy, to an investment group sponsored by local developer Bizzi and Partners S.p.A.

The company said completion remains subject to a number of conditions precedent under the sale agreement. As those conditions have not been satisfied, Lendlease and Bizzi have agreed to extend the date by which satisfaction is required to 15 October 2026, though closing remains uncertain and the date may be subject to further extension.

If the sale does not complete, Lendlease is likely to be required to fund project obligations in the order of $160 million in the first half of FY27.

Risks and what to watch

Closing of the sale remains uncertain and the satisfaction date has already been extended once, with the company noting it may be extended again. If the sale does not complete, the company expects to fund project obligations of about $160 million in the first half of FY27. The announcement does not describe the sale price or what conditions are outstanding.

Next milestones

Items to watch include satisfaction of the conditions precedent by 15 October 2026, any further extension to the date, completion or termination of the sale to Bizzi, and any disclosure of funding for the project obligations of about $160 million.