Get all your news in one place.
100's of premium titles.
One app.
Start reading
AAP
AAP
Business
Adrian Black

Real estate group in the red after messy offshore exit

Construction group Lendlease has reported a loss of $749 million. (Dave Hunt/AAP PHOTOS)

An Australian-based global property group is back in the red after posting its fourth annual loss in five years, as its offshore retreat and foreign asset sales continue to hit its bottom line.

Lendlease, which has development, construction and investment management arms, suffered a bottom line loss of $749 million in the year ended June 30.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.