Astute fund managers have long been betting on debt-riddled Lendlease launching a bailout capital raising. And after a week that saw almost 9 per cent shaved off the $1.6 billion company’s share price – it’s fair to say that the REIT is fast running out of options.
Shares in the ASX listed property developer took a tumble on Monday when the company announced its plan to offload a 17.6 per cent stake in property development in Milan’s south-east to Italian developer Bizzi & Partners and a group of investors had unravelled .
Gift articles to anyone you choose each month when you subscribe.
