The financial press reports that lendlease has commissioned Goldman Sachs to find buyers for its five New Zealand villages at a reported value of $100 million meaning they will leave that market. The NZ portfolio comes under the Australian lendlease retirement division umbrella.
Here in Australia lendlease made it known last October that it was seeking a capital partner to bring in additional funding for further acquisitions and village development. This effectively means it will be watering down it ownership but still leading the business.
(Lend Lease also now wishes it name to be presented as one word in lower case).
