Australia Giant Lendlease Sells US, UK Assets, With at Least One Deal Done.

Lendlease, an Australian developer and contractor, has announced that it will sell its U.K. and U.S. projects and assets in order to refocus its operations and real estate investment in its native market. The company plans to "recycle" $2.9 billion into the Australian market while exiting international construction. Consigli Building Group Inc. has already acquired Lendlease's New York and New Jersey construction operations, including employees and ongoing projects. Lendlease's decision to sell its international assets is aimed at delivering value to its shareholders, capital partners, and customers, and redirecting its construction and development focus to Australia. [Extracted from the article]