Consigli Construction Co., Inc. agreed to acquire US East Coast construction operations from Lendlease Group (ASX:LLC) on May 29, 2024. The transaction is subject to due diligence and finalisation of documents, which will include customary conditions precedent. Under the terms of the transaction, Consigli will acquireLendlease'sEast Coast construction operations including approximately 45 current, under contract and pre-construction projects.

As part of the sale, the majority of Lendlease's US construction workforce will transition to Consigli. Key contract terms remain commercial in confidence until transaction completion, which is expected to completed in first half of financial year 2025.