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Australian Ethical divests from Lendlease claiming 'lack of transparency' about koala corridors

Lendlease Australia New South Wales Stuart Blanch Environment

Australian Ethical has divested from Lendlease after raising concerns about a housing estate in sensitive koala habitat. (Supplied: Pat Durman)

A multi-billion-dollar investment fund has divested from Lendlease, accusing the developer and the New South Wales government of not being transparent about a housing development south-west of Sydney.

Australian Ethical announced it had sold its $11 million stake in Lendlease after discussions with the developer broke down.

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