annb0t
Top 20
*
Stalled project is company's biggest Americas investment
*
Annual core profit falls 7%
*
Shares fall as much as 5.2%
(Rewrites story with details on paused U.S. project, earnings)
By Lewis Jackson
Aug 14 (Reuters) - Australian developer Lendlease Group has paused work on an A$1.9 billion ($1.23 billion) office and apartment complex in San Francisco in the troubled West Coast real estate market, it said on Monday, after reporting a drop in annual core profit.
California's commercial re...
>>> Read more: UPDATE 2-Australian developer Lendlease pauses $1.2 bln San Francisco project
Stalled project is company's biggest Americas investment
*
Annual core profit falls 7%
*
Shares fall as much as 5.2%
(Rewrites story with details on paused U.S. project, earnings)
By Lewis Jackson
Aug 14 (Reuters) - Australian developer Lendlease Group has paused work on an A$1.9 billion ($1.23 billion) office and apartment complex in San Francisco in the troubled West Coast real estate market, it said on Monday, after reporting a drop in annual core profit.
California's commercial re...
>>> Read more: UPDATE 2-Australian developer Lendlease pauses $1.2 bln San Francisco project
