Real Estate Group in the Red After Messy Offshore Exit • The Western Weekender
4 Articles
4 Articles
Real estate group in the red after messy offshore exit • The Western Weekender
An Australian-based global property group is back in the red after posting its fourth annual loss in five years, as its offshore retreat and foreign asset sales continue to hit its bottom line. Lendlease, which has development, construction and investment management arms, suffered a bottom line loss of $749 million in the year ended June 30. That was a major turnaround from a $225 million net profit in the previous year. Lendlease has several in…
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