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Counsel and the developer said Lendlease is expected to provide about a $300 million construction loan and will be an approved investor/manager with lender rights; counsel said the lender must close within 30 days of the signed amendment for escrow to release.

The KPMG-Macquarie-Lendlease controversy raises questions over audit independence, whistleblower protection and corporate governance in Australia and India.

Lendlease is once again seeking buyers for its stalled 47-story skyscraper in downtown San Francisco.

Board discussed a proposed second amendment to the ground lease with West Palm Point LLC after the developer requested a 17‑month construction extension while CRA staff preferred 12 months. Counsel said a lender (Lendlease) is prepared to commit about $350 million, and commissioners expressed frustration over years of delay. A motion to call a special CRA meeting passed (noted in transcript as "So it passes 4 2 2").

Eileen Hoggett, former chief operating officer of KPMG Australia, has initiated legal action against the firm following her dismissal. The lawsuit alleges she stored confidential Lendlease board documents in her locker, shared them with colleagues to secure audit contracts, and repeatedly lied about the matter. Hoggett's case was filed in the Supreme Court of NSW, marking a significant legal battle within the professional services sector. KPMG's new CEO, John Sams, informed staff via a July call that an email had surfaced revealing Hoggett's actions. The incident has sparked discussions about corporate accountability and ethical practices in auditing. While the firm maintains its commitment to integrity, the case highlights potential vulnerabilities in internal controls and whistleblower protections. Legal experts suggest the outcome could set precedents for similar disputes in professional services firms. The scandal underscores broader concerns about transparency in financial audits and the consequences of misconduct within high-profile organisations.

Last month, a federal bankruptcy judge cleared a joint venture led by KPC Development Co. and Lendlease to acquire the notorious Oceanwide Plaza project in Downtown Los Angeles. To complete the long-stalled tower complex, the project's backers are looking for a little help from the City of Los Angeles.

Real estate and construction group Lendlease continues to struggle against a heavy share price, leadership departures and its exit from global operations.

Lendlease say the an exciting masterplan for Euston is being drawn up

Last month, a federal bankruptcy judge cleared a joint venture led by KPC Development Co. and Lendlease to acquire the notorious Oceanwide Plaza project in Downtown Los Angeles. To complete the long-stalled tower complex, the project's backers are looking for a little help from the City of Los Angeles.

Last month, a federal bankruptcy judge cleared a joint venture led by KPC Development Co. and Lendlease to acquire the notorious Oceanwide Plaza project in Downtown Los Angeles. To complete the long-stalled tower complex, the project's backers are looking for a little help from the City of Los Angeles.

Last month, a federal bankruptcy judge cleared a joint venture led by KPC Development Co. and Lendlease to acquire the notorious Oceanwide Plaza project in Downtown Los Angeles. To complete the long-stalled tower complex, the project's backers are looking for a little help from the City of Los Angeles.

Real estate and construction group Lendlease continues to struggle against a heavy share price, leadership departures and its exit from global operations.

Real estate and construction group Lendlease continues to struggle against a heavy share price, leadership departures and its exit from global operations.

Real estate and construction group Lendlease continues to struggle against a heavy share price, leadership departures and its exit from global operations.