Aug 26, 2026 – 4.00pmL1 Capital is attempting to achieve something that some of Australia’s most pre-eminent activist investors have failed to do for years; oversee a turnaround in embattled global property developer Lendlease.The high-profile hedge fund has emerged as the largest shareholder in Lendlease after buying up the stock across Wednesday and Thursday last week, lifting its stake to 10.8 per cent from 6.6 per cent previously.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Fetching latest articles
L1’s Lendlease stake above 10pc as activist investors start to bow out
High-profile activists including Allan Gray and Tanarra Capital have tried and failed to turn Lendlease around. Now L1 has emerged as the largest shareholder.
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