Lendlease announces divestment of its interest in Keyton
| Stock | Lendlease Group (LLC.ASX) |
|---|---|
| Release Time | 25 Jun 2026, 10:31 a.m. |
| Price Sensitive | Yes |
Lendlease Announces Keyton Retirement Living Trust Sale
- Sale of 25.1% interest in Keyton to Aware Super for $525m
- Proceeds to reduce Group debt
- Transaction aligns with HY26 book value
- Completion targeted for 1H FY27
Lendlease has announced the divestment of its remaining 25.1% interest in the Keyton Retirement Living Trust to existing co-investor Aware Super for a consideration of $525 million. The net proceeds from the sale, after transaction costs and taxes, will be used to reduce the Group's debt. The transaction aligns with the HY26 book value and is subject to regulatory approvals, with completion targeted for the first half of FY27. This divestment is part of Lendlease's capital recycling initiatives, bringing the total of announced and completed capital recycling initiatives from the Capital Release Unit (CRU) to $3.4 billion.
Lendlease expects to complete the Keyton sale in 1H FY27, with net proceeds of $525m.
Lendlease continues to advance other key transactions targeted for FY26 and early FY27, as outlined in the 11 June 2026 market announcement.