Developer Lendlease’s losses widen, points to UK residential law

:Australian developer Lendlease Group on Monday posted growing losses for the year, reflecting tough trading conditions and lower valuations for its properties coupled with the impact of legislation in the United Kingdom. Lendlease had earlier signed a contract and had taken an A$295 million ($191.69 million) provision against potential liabilities for its properties in the UK because of industry-wide…

https://worldnewslivetv.com/business/developer-lendleases-losses-widen-points-to-uk-residential-law/