Lendlease officials say the sale is consistent with the company’s objective to divest its construction businesses in the U.S. and U.K. during the next 18 months. Photo: Lendlease.

Lendlease Group has sold its U.S. East Coast construction operations to Consigli Construction Company.

Under the terms of the transaction, Consigli will acquire Lendlease’s East Coast construction operations, including approximately 45 current, under-contract and pre-construction projects. As part of the sale, the majority of Lendlease’s U.S. construction workforce will transition to Consigli.

Lendlease officials say the sale is consistent with the company’s objective to divest its construction businesses in the U.S. and U.K. during the next 18 months, lowering its overall risk profile.

“The announcement represents another step to simplify Lendlease to create a more focused company for security holders,” says Lendlease CEO Tony Lombardo. “It’s the culmination of more than 12 months of work refining our U.S. construction activities to focus on the U.S. East Coast.”

The transaction is expected to be completed sometime in 2025.

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