Lendlease agrees £35m sale of UK construction business

Lendlease has entered into a binding agreement to sell it UK construction business to US industrial conglomerate Atlas Holdings.

Lendlease sold for £35m to US private equity firm

Lendlease has announced it is selling its UK operations to a US private equity firm for £35m. Parent company Lendlease Group announced to the Australian Stock Exchange (ASX) this morning (2 January) that it had entered into a binding agreement to sell its UK construction… The post Lendlease sold for £35m to US private equity firm appeared first on Construction News.

Malawi to double generating capacity with $1bn dam PPP

Malawi and a consortium of Norwegian renewables developer Scatec and France’s EDF have signed a binding agreement to deliver a hydroelectric project that will double the country’s generating capacity. The… The post Malawi to double generating capacity with $1bn dam PPP appeared first on Global Construction Review.

Building Magazine - Beware of 'subject to contract', 01032021

This article highlights that using the term “subject to contract” can mean that the parties are still in negotiations and that they do not intend to create legal relations – and in that event no binding contract is created Reference is made to the Court of Appeal in in Joanne Properties Ltd vs Moneything Capital Ltd and Moneything (Security Trustee) Ltd [2020] EWCA Civ 1541