Allan Gray Increases Stake in Lendlease Group to 8.36%

Allan Gray Australia Pty Ltd and its related entities have increased their substantial holding in Lendlease Group to 57.67 million ordinary shares, or 8.36% of voting power, up from 7.25% previously. The change, effective April 28, 2025, reflects net purchases of over 9.6 million shares and sales of nearly 2 million shares since June 2024.

The shares are held across various investment funds managed by Allan Gray and related Orbis entities, with custodians including Citibank, JP Morgan, BNP Paribas, State Street, and Northern Trust. The acquisitions were made through market trades, dividend reinvestment plans, and capital raisings.