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Lendlease finalises JV with The Crown Estate
Financial Standard
|June 02, 2025
Lendlease has finalised its 50/50 joint venture with The Crown Estate, selling six of its UK development projects comprising land holdings and capital efficient land management agreements.
Through the transaction, Lendlease will accelerate the release of more than $300 million of capital from its longer-dated international development book and halve its future funding commitments to around $125 million, while continuing to meet its existing obligations relating to mater planning and site enablement.
The transaction is subject to conditions precent, but Lendlease said the parties are working to satisfy the conditions in FY26.
Dit verhaal komt uit de June 02, 2025-editie van Financial Standard.
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