Lendlease

Sale of Lendlease operations in the U.K. to PE firm Atlas Holdings for about $70 million is set to close by mid-2025. Image courtesy Lendlease Days after Sydney, Australia-based developer-contractor Lendlease announced its intent Jan. 2 to sell its U.K. business—its last in a non-domestic market—to U.S. private equity firm Atlas Holdings LLC for $70

Lendlease has announced it is selling its UK construction operations to a US private equity firm for £35m. Parent company Lendlease Group announced to the Australian Stock Exchange (ASX) this morning (2 January) that it had entered into a binding agreement to sell its UK construction business to Atlas Holdings, a 23-year-old private equity fund

Atlas Holdings, whose portfolio of companies includes cladding specialist Permasteelisa and US steel fabricator Veritas Steel, has agreed to pay £35m in cash for UK-based Lendlease Europe. The deal is expected to complete before the end of Lendlease’s financial year in June. In a statement to the Australian stock exchange, Lendlease said “On completion, this

Lendlease has revealed its Europe chief executive Neil Martin will step down in October after four years in the top job.  The news comes just two weeks after the division reported a £230m annual pre-tax loss.  In an announcement on its website, Lendlease said Martin had “decided to retire”, adding that the group's search for

Lendlease’s Europe division made a pre-tax loss of £230m in the year to 30 June 2022, its latest accounts reveal. This includes £114m set aside for remediation work on unsafe buildings, which the company announced in its financial figures for the second half of 2022 to finance action required by the UK government. The loss

The Ministry of Housing confirmed today that 39 developers – including the 10 biggest house-builders in the UK – all signed the remediation contract...

Lendlease aims to “maximise third-party recoveries” from subcontractors after the firm booked a provision in line with the latest housing-safety remediation requirements from the UK government. In its financial figures for the second half of 2022, Australia-headquartered Lendlease set aside a pre-tax sum of A$200m (£114.2m) “due to retrospective UK government action on [developers’ responsibility