Can ASX 200 Developer Lendlease (ASX:LLC) Close Its Milan Exit Without Funding?
Friday, October 23, 2026 · first reported by Kalkine Media
Lendlease has not yet closed the disposal of its stake in MSG North, a component of the Milano Santa Giulia regeneration in south-east Milan. Both sides agreed to move the date for satisfying conditions precedent to mid-October. The purchaser is a group sponsored by Bizzi and Partners, a local developer, and the stake is held through the Heartbeat Fund, which owns the development rights.
Lendlease said the price was set well below book value and that it expects to book a loss. If the transaction collapses, it expects to fund project obligations in the first half of the financial year.
- Firm
- Lendlease Group
- Also named
- Bizzi and Partners
- Fund
- Heartbeat Fund
- Asset class
- Private equity
- Geography
- Europe, Australia
The summary and fields above are extracted from the published reports and can contain errors. The linked articles are the source of record.
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