Shares of Lendlease, Mirvac Fall After Hostplus Moves to Oust Lendlease From AU$2 Billion Industrial Property Fund

MT Newswires Live

2025/07/22

Shares of Lendlease Group (ASX:LLC) fell 0.2% and Mirvac Group (ASX:MGR) rose 0.2% in recent trade on Tuesday, after a Monday report by the Australian said that superannuation giant Hostplus has called for the removal of Lendlease as manager of its AU$2 billion industrial property strategy and proposed Mirvac as a replacement.

Hostplus has formally written to the board of the trust, seeking to requisition an investor meeting, the report said.

In response to a request for comment from MT Newswires, a Lendlease spokesperson declined to comment on the report.

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