A tumultuous year for local real estate giant Lendlease has almost come to an end – and not before a change of chairman, with former Bunnings chief executive John Gillam succeeding Michael Ullmer last month.
No doubt that will lead to a period of anxiety for Lendlease’s long-term advisers at Gresham and Morgan Stanley. Both banks have been working with the company and its chief executive, Tony Lombardo, for years, including on the $310 million sale of its services division in 2021.
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