Lendlease Group

LLC: XASX (AUS)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Lendlease: Near-Term Clouds Aside, We Look Through to the Longer-Term Driver

Yingqi Tan

Dec 23, 2025

Lendlease has entered into an agreement to sell a 40% stake in The Exchange TRX shopping mall and its full 60% interest in the adjacent office tower in Malaysia to a family office for AUD 400 million. The group is keeping a 20% interest in the mall.

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Lendlease Group

Lendlease: Near-Term Clouds Aside, We Look Through to the Longer-Term Driver

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