Lend Lease Corporation
 |
|
| Public | |
| Traded as | ASX: LLC |
| Industry | Construction, Infrastructure and Real estate |
| Founded | 1958 (Sydney) |
| Headquarters | Millers Point, New South Wales, Australia |
|
Area served
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Worldwide |
|
Key people
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David Crawford (Chairman) Ray Spencer (CEO and Managing Director) |
| Products | Asset and Property Management, Building, Engineering, Infrastructure Development, Investment Management and Services, Asset and Investment Legal Services. |
| Revenue |
 $15,088.5 million (2016) |
|
$698 million (2016)
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|
Number of employees
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Over 11,000 (2016) |
| Subsidiaries | Lend Lease Investment Management Lend Lease Project Management & Construction Lend Lease Residential Development Lend Lease Communities Lend Lease Development Lend Lease Infrastructure Lend Lease Public Private Partnerships Lend Lease Apartment Lend Lease Venture Capital Lend Lease Retirement |
| Website | www.lendlease.com |
Lendlease Group is a multinational property and infrastructure company headquartered in Sydney, Australia.
The company was established by Dick Dusseldorp to provide finance for building contracts being undertaken by Civil and Civic. In 1961 the company acquired Civil and Civic from Bredero's Bouwbedrijf.
In 1999 the company formed Actus Lend Lease with the acquisition of Actus Corporation's MILCON and technical service construction management business, and augmented this business with professionals from Lend Lease Design and Lend Lease Development. Also in 1999 the Company acquired Bovis from P&O, which now forms Lend Lease Project Management & Construction. Then in 2000 it bought AMRESCO's commercial mortgage business In 2001, Lend Lease acquired Delfin Property Group (now Lend Lease Communities) for $172 million. It went on to buy Crosby Homes (now Lend Lease Residential Development) for circa £240 million in 2005.
In 2005 the company moved its headquarters from Australia Square in Sydney to The Bond on Hickson Road.
In 2009, Lend Lease Corporation acquired Babcock and Brown Communities, rebranding the business as Lend Lease Primelife. At the time, this acquisition made Lend Lease Australia's largest provider of retirement villages.
In 2010, Lend Lease announced their first foray into the consumer market with Lend Lease Solar. The subsidiary was wound up in early 2011, with no explanation as to why the division had closed.
As of 17 Feb 2011 Lend Lease announced wider ranging changes to its group of brands. This announcement means the retirement of the Bovis, Delfin, Vivas, Catalyst and Primelife brands which will now referred to using the unified Lend Lease brand.
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Wikipedia