Dexus Property Group, Australia’s biggest listed office landlord, and the Canada Pension Plan Investment Board reached an agreement with Commonwealth Bank of Australia to buy the bank’s listed office trust for A$2.83 billion ($2.66 billion).
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 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 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.
Lend Lease Group , Australia’s largest developer, said it’s in talks with Bilfinger Berger SE to buy Valemus Ltd. , five months after the German construction company aborted an initial share sale of its Australian unit.
Lend Lease Group, Australia’s biggest property developer, signed agreements with Westpac Banking Corp. and KPMG LLP to lease 71 percent of space in the first two office towers at its Barangaroo South financial precinct in Sydney.
Lend Lease Group, Australia’s biggest property developer, received approval for its 1.5 billion pound ($2.4 billion) masterplan to redevelop a residential and commercial project in London’s Elephant & Castle.