Lend Lease to Defer Asset Sales

Lend Lease to Defer Asset Sales

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Real Estate News - National
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Monday, 11 May 2009 20:00

As previously advised Lend Lease Corporation (“Lend Lease”) is not a forced seller of assets and has no intention of selling assets at sub optimal values. Given current market conditions Lend Lease does not believe it is appropriate to sell certain assets, including some equity investments in Public to Private Partnership projects in the UK this financial year. Revised guidance after the removal of these items and other adjustments for the year ending 30 June 2009 is Net Operating Profit after Tax of circa A$300 million.

Last Updated on Monday, 11 May 2009 21:23
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