LLC.ASX: Lendlease commences Joint Venture with The Crown Estate

Lendlease commences Joint Venture with The Crown Estate

Stock	Lendlease Group (LLC.ASX)
Release Time	1 Jul 2026, 9:49 a.m.
Price Sensitive	Yes

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Lendlease Commences Joint Venture with The Crown Estate

Key Points

Joint Venture with The Crown Estate to unlock value from high-quality UK development portfolio
£24b pipeline of future development assets, including £12b of investment product
Expected to deliver up to 30,000 new residential dwellings and 900,000 sq meters of sustainable office space

Full Summary

Lendlease has announced the commencement of a landmark Joint Venture with The Crown Estate, named the Impact Partnership Joint Venture (IPJV), to accelerate the master planning and land entitlement of a high-quality UK development portfolio. The IPJV, a development management entity jointly owned by Lendlease and The Crown Estate, will oversee and deliver the projects. The JV has an initial £24 billion pipeline, including £12 billion of future investment product, with plans to deliver up to 30,000 new residential dwellings and over 900,000 square meters of sustainable office and life science space. The JV is expected to support Lendlease's medium to long-term international investment growth plan by attracting further private and institutional capital.

Guidance

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Outlook

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