Australia: Lendlease sells retirement living stake to Dutch fund manager APG Asset Management

Australia: Lendlease sells retirement living stake to Dutch fund manager APG Asset Management

Photo: Lendlease website

Lendlease Group has sold a stake worth about A$450 million ($352 million) in its retirement living business to Dutch fund manager APG Asset Management N.V., and said it expects construction earnings to weaken next year.

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