Development giant Lendlease culls entire international operation
Multinational construction and development company Lendlease has been forced to make a hugely costly and equally embarrassing retreat from its international operations and initiate a hasty withdrawal to its Australian home base.
Lendlease has acknowledged the time had come for tough choices to be made in exiting the international construction market. (Image source: Shutterstock.com)
The contagion causing so many building companies to struggle is not limited to domestic construction’s woes
, with international development titan Lendlease the latest to indicate it was slashing costs and entire operations in a quest to remain profitable.The multinational construction and real estate company, headquartered in Barangaroo
, Sydney, on Monday (27 May) outlined its highly anticipated investor strategy update and unveiled a torrent o…
