Lendlease Group (ASX:LLC) said it has secured AU$3 billion of new work in fiscal 2026 year to date, more than half of AU$5 billion secured in fiscal 2025, according to a Friday Australian bourse filing.

The company said it targets about AU$2 billion of C-R-U asset recycling by year-end fiscal 2026, with roughly AU$1 billion already in advanced stages from planned sales of TRX Malaysia and Retirement Living Australia. The company expects a further AU$300 million from the completion of the Crown Estate joint venture in fiscal 2026.

The company added that recycling processes are well advanced. However, delays in transaction completion, together with planned capital expenditure and other commitments, will see net debt elevated at the half compared to last year.