Big changes ahead for Lendlease! 🏗️
The Australia-based developer just announced it's withdrawing out of the UK and selling off its overseas construction business to focus on its home market. 🇦🇺
This restructuring aims to free up billions in capital, but it also means major shifts for Lendlease's projects in the UK, including several large residential developments.
The big question is: what will happen to these UK projects? Will they be sold off to other developers, put on hold, or cancelled altogether? 🤔
It's a tough situation, but Lendlease says it won't walk away from existing commitments. Still, big changes are coming, and the impact on the UK construction industry could be significant.
What do you think the fallout will be?
How might this affect the UK housing market and construction sector?
Let me know your thoughts below!
#Lendlease #ConstructionNews #UKHousing #RealEstate
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Construction Manager VP / Field Operations / Project Executive. Interested in Little Rock Arkansas.
6dFantastic update!