Lendlease is selling its 50% stake in the Lakeside Joondalup shopping centre to Cbus Property under a deal valued at $1.3 billion. The transaction transfers co-ownership of the asset and is described as one of the largest retail property deals of the year.
The deal also involves other shopping-centre and property interests, with multiple outlets noting that Lendlease disposes of assets in Western Australia and Queensland as part of the same broader agreement. Reporting focuses on the change in ownership for Lakeside Joondalup and links it to a wider portfolio sale rather than a standalone transaction.
While both sources align on the stake being sold and the total deal value, they differ mainly in emphasis: one highlights the Lakeside Joondalup asset, while the other frames the transaction as part of Lendlease’s wider selling of assets to Cbus Property.
