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AAP
AAP
Derek Rose

Lendlease goes local with $4.5b foreign asset sell-off

Lendlease will sell its overseas assets and refocus on its Australian operations (Jeremy Piper/AAP PHOTOS)

Property giant Lendlease will sell its overseas assets and refocus on its Australian operations as it aims to revitalise its lagging share price.

The company said on Monday it anticipated selling $2.8 billion in overseas assets over the next two financial years, including a high-end shopping mall in Kuala Lumpur, its US military housing across the country; a flagship senior living community in China; and its Australian retirement villages.

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