LendLease Shares Surge on Capella Capital Sale Agreement

1 min read | January 30, 2025 04:17 PM PST | By Team Kalkine Media

LendLease Shares Surge on Capella Capital Sale Agreement — Image source: Shutterstock

Capella Capital Sale Boosts Market Confidence

LendLease announced it has signed an agreement with Japanese trading giant Sojitz Corp (TYO: 2768) to sell its infrastructure investment unit, Capella Capital, for AU$235 million ($145.82 million).

The move is part of LendLease’s ongoing strategy to streamline operations and focus on core businesses. The sale is expected to contribute AU$70 million to the company’s FY25 operating profit after tax, providing a much-needed boost to earnings.

Stock Performance and Outlook

LendLease’s shares have gained 2.3% year-to-date as of the last close, and today’s rally suggests growing investor confidence in the company’s restructuring efforts.

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