• Lendlease completes sale of Capella Capital to Sojitz Corporation
• Sale completes $235m of the previously announced $2.5b capital recycling initiatives
• Divestment progresses Lendlease's strategy to simplify the Group and focus on core operations

Lendlease Corporation Limited has announced the completion of the sale of Capella Capital to Sojitz Corporation, following satisfaction of conditions precedent. The financial outcomes of the transaction remain consistent with Lendlease's announcement on 31 January 2025. The sale completes $235m of the previously announced or completed $2.5b of capital recycling initiatives. Lendlease Group CEO Tony Lombardo stated that the completion of the Capella Capital divestment progresses the company's strategy to simplify the Group, as it looks to become less complex, more focused and ultimately more profitable. The sale of Capella Capital accelerates the release of capital while also reducing the Group's future funding commitments, allowing Lendlease to focus on its core Australian operations and international Investments platform.