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LENDLEASE GROUP — Capital/Financing Update 2024
Sep 10, 2024
65243_rns_2024-09-10_3f39a05e-3920-472c-aac2-13f032793104.pdf
Capital/Financing Update
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11 September 2024
Update on sale of Communities
Lendlease notes today’s announcement from the Australian Competition and Consumer Commission (ACCC) regarding the Stockland Supalai Residential Communities Partnership’s acquisition of 12 of the Group’s master-planned communities.
Specifically, the ACCC today revised the date it expects to publish its decision on the transaction from 12 September 2024 to 26 September 2024. The two-week extension to the ACCC’s timetable is to allow the regulator to consider Stockland’s undertaking related to the disposal of one of its master-planned communities in the Illawarra region of NSW, Forest Reach.
Lendlease continues to support Stockland in its engagement with the ACCC to resolve the issues raised by the regulator and to work with Stockland to satisfy all conditions precedent, including FIRB and landowner consents, to enable the completion of the transaction as soon as possible.
ENDS
FOR FURTHER INFORMATION, PLEASE CONTACT:
Investors: Media: Michael Vercoe Stephen Ellaway Head of Investor Relations Executive GM, Corporate Affairs +61 488 245 205 +61 417 851 287 [email protected] [email protected]
Authorised for lodgement by the Lendlease Group Disclosure Committee
Lendlease Corporation Limited ABN 32 000 226 228 and Lendlease Responsible Entity Limited ABN 72 122 883 185 AFS Licence 308983 as responsible entity for Lendlease Trust ABN 39 944 184 773 ARSN 128 052 595
Level 14, Tower Three, International Towers Sydney, Exchange Place, 300 Barangaroo Ave, Barangaroo NSW Australia Telephone +61 2 9236 6111 | Facsimile +61 2 9252 2192 | www.lendlease.com