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Lendlease reports pandemic-driven loss for second half of its fiscal year

August 17, 2020

During the company’s presentation, the global COVID-19 pandemic was presented as a challenge, but group CEO Stephen McCann said that the company has taken defensive measures such as reducing costs, has the wherewithal to survive though a potential extended industry downturn and is poised to take advantage of future opportunities.

Group CFO Tarun Gupta said that the company is working on several build-to-rent residential projects, including one for Google in San Francisco. Planning is underway for that AU$20 billion, 15 million-square-foot project, he said, which also includes plans for retail and hospitality space.

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