‘Unfocused’: John Wylie calls on developer Lendlease to exit international construction and ‘be a leader’ in Australi

John Wylie, founder and CEO of Tanarra Capital, has urged property company Lendlease to reconsider its diverse business ventures in light of declining share prices and a string of disappointing earnings. Lendlease boasts a prestigious track record in Australia, leading projects such as the Barangaroo redevelopment in Sydney and the Docklands in Melbourne. Additionally, it has made significant contributions internationally, including the construction of iconic structures like the Petronas Towers in Kuala Lumpur and the modern British Museum in London. Nevertheless, under the leadership of CEO Tony Lombardo, the once esteemed company has witnessed a significant decline in reputation, prompting major institutional investors to distance themselves.