Lendlease quits retirement business with $525m sale to Aware Super (opens original article in a new tab)

Lendlease sold its retirement village business stake to Aware Super for $525 million, concluding its exit from the sector. The deal comes as CEO Tony Lombardo prepares to step down.

• Lendlease sold its remaining stake in Keyton for $525 million
• Deal with Aware Super ends Lendlease's investment in retirement villages
• Lendlease CEO Tony Lombardo will step down before scheduled