Lendlease completes UK Construction sale
Lendlease announced the completion of the sale of its UK Construction business to Atlas Holdings.
The sale marks the completion of Lendlease’s withdrawal from international construction, following the divestment of its US and Asian construction businesses. As part of its ongoing strategic shift, Lendlease has brought in two new Japanese investment partners, Sotetsu Urban Creates and Yasuda Real Estate, who have jointly acquired a 20% stake in 21 Moorfields, a premium-grade, sustainable office development in London. Lendlease has retained a 5% stake, aligning with its portfolio co-investment target of 5-10%, and will continue to serve as the investment and asset manager.
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