Lendlease

The Queensland government has selected Lendlease as its master development partner for a mixed-use riverfront project in South Brisbane ahead of the 2032 Olympics.

KPMG's national chairman Martin Sheppard is stepping down to make way for an independent chair, and audit partners Eileen Hoggett and Paul Rogers are leaving the firm.

Under pressure from parliamentary committee members, KPMG said late Friday it would waive privilege and hand over investigation reports from Allens and Ashurst, after initially resisting orders for documents.

ASIC’s chair says the corporate cop is investigating individuals at KPMG for alleged misuse of confidential information belonging to Lendlease and Optus to win new work, but says it is hamstrung by current law from undertaking a broader probe. 

Lendlease chair John Gillam has said the company's board was “deeply discontented” with KPMG’s alleged misuse of its confidential information but was stuck with the accounting firm until the end of the financial year. 

Law firm Allens has told a parliamentary committee that a court should weigh in on whether parliament's powers to compel information overrode KPMG's legal privilege, as the auditor resists orders to produce documents.

Building giant Lendlease has told besieged auditor KPMG it expects to be compensated for the cost of dealing with the fallout of the accounting giant's misuse of its confidential data.

Lendlease has dropped KPMG as its auditor, after it was revealed under parliamentary privilege that the firm misused the developer's confidential client data. 

Real estate investment trust GPT Group has dropped $1.19 billion to acquire interests in Queensland’s Sunshine Plaza and Campbelltown’s Macarthur Square shopping centre.

AustralianSuper's head of real assets Nick O'Neil has been appointed as the new CEO and managing director of Lendlease, replacing Tony Lombardo, who is leaving the role earlier than expected.