Macquarie Group boosts stake in LendLease to over 7%

Macquarie Group Limited and its controlled entities have reported a change in their substantial holding in LendLease Group. The previous notice indicated a voting power of 6.09% (42,029,416 votes), which has now risen to 7.15% (49,357,747 votes). This change occurred on September 2, 2025, with the previous notice given on May 13, 2025.

The increase in voting power primarily stems from on-market purchases and stock borrowing activities conducted by Macquarie Bank Limited, Macquarie Investment Management Advisers, Macquarie Investment Management Australia Limited, Macquarie Investment Management Business Trust, Macquarie Investment Management Global Limited, Macquarie Investment Management Limited, Macquarie Investment Services Limited, and Macquarie Specialist Investment Management Limited. These transactions include numerous on-market purchases across various dates in May, June, July, and August 2025, alongside significant stock borrowing and lending activities.

Notable transactions include Macquarie Bank Limited engaging in substantial borrowing deliveries and returns, as well as multiple on-market purchases and sales, often involving hundreds of thousands to millions of FPO shares. Other Macquarie entities also contributed to the increased stake through various on-market activities, reflecting a strategic adjustment in Macquarie's investment in LendLease Group.