Anglo American Plc’s decision to quit plans for a coal port expansion in Australia leaves Indian billionaires G.V. Krishna Reddy and Gautam Adani as the last major investors left looking at extending the terminal.
Lend Lease Group, Australia’s biggest listed developer, said first-half profit fell amid challenging construction markets in Australia and the U.K. and after last year’s one-time boost from a Sydney redevelopment.
Mizuho Bank Ltd., part of Japan’s third-largest lender by market value, is considering Australian commercial real estate projects as it seeks to top last year’s $2.5 billion of syndicated loans in the South Pacific nation.
Lend Lease Corp., Australia’s biggest property developer, slumped the most in more than four years in Sydney trading after the company said that earnings from its Australian and European construction businesses fell.
Lend Lease Group, Australia’s largest listed property developer, reported a 10 percent rise in full-year profit driven by its central Sydney Barangaroo redevelopment and fees from infrastructure projects.
Lend Lease Group, Australia’s biggest property developer, posted a 3.8 percent drop in first- half profit after sales in Europe and the U.S. declined and said it is in due diligence with potential partners on the funding of its Barangaroo project in Sydney.