Editing Lendlease (section)

===Australia focus===

In May 2024, Lendlease announced plans to sell its overseas operations and to be focused on its domestic operations in Australia by late 2025.<ref>{{cite news |last1=Lowe |first1=Tom |title=Lendlease to pull out of UK and sell its overseas construction business |url=https://www.building.co.uk/news/lendlease-to-pull-out-of-uk-and-sell-its-overseas-construction-business/5129622.article |access-date=28 May 2024 |work=Building |date=28 May 2024}}</ref> It described its overseas markets as a "drag" on shareholder returns; its new strategy will focus on simplifying the firm's structure, reducing costs and leveraging its competitive strengths.<ref>{{cite news |last1=Marrs |first1=Colin |title=Lendlease UK operation to be sold ‘by end of 2025’ |url=https://www.constructionnews.co.uk/contractors/lendlease/lendlease-to-pull-out-of-uk-construction-market-28-05-2024/ |access-date=28 May 2024 |work=Construction News |date=28 May 2024}}</ref>

On 1 January 2025, Lendlease announced the sale of its UK construction business to US private equity business [[Atlas Holdings]] for £35 million, with completion targeted before the end of June 2025.<ref>{{cite news |last1=Rogers |first1=Dave |title=Lendlease to be bought by US private equity giant |url=https://www.building.co.uk/news/lendlease-to-be-bought-by-us-private-equity-giant/5133572.article |access-date=2 January 2025 |work=Building |date=2 January 2025}}</ref> The deal was completed in March 2025 when the business was renamed [[Bovis Construction|Bovis]], resurrecting a brand retired in 2011.<ref>{{cite news |last1=Rogers |first1=Dave |title=Bovis name set to return to UK construction once new owner completes Lendlease deal |url=https://www.building.co.uk/news/bovis-name-set-to-return-to-uk-construction-once-new-owner-completes-lendlease-deal/5133650.article |access-date=9 January 2025 |work=Building |date=9 January 2025}}</ref><ref>{{cite news |last1=Rogers |first1=Dave |title=Lendlease officially renamed Bovis after £35m sale to US private equity firm completes |url=https://www.building.co.uk/news/lendlease-officially-renamed-bovis-after-35m-sale-to-us-private-equity-firm-completes/5135294.article |access-date=1 April 2025 |work=Building |date=31 March 2025}}</ref>