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Australia's Lendlease on track for worst week in 9 on terminated sale agreement

By Reuters News03:35 (UTC), 13 November 2026 Updated

** Shares of Lendlease Group LLC.AX down 9.5% for the week, on track for their worst weekly performance since September 18, if current trend holds
** Shares down 6% on the day

** The real estate company said on Monday an agreement to sell its ownership in the development rights to the Milano Santa Giulia mixed-use development project (MSG North) was terminated

** As a result of the termination, LLC said it will not receive an anticipated cash proceeds of A$90 million ($61.26 million)

** Shares fell as much as 6.4% following the announcement on Monday

** Stock down 54.8% so far this year, including the day's move

($1 = 1.4691 Australian dollars)

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