• Lend Lease Group
• Website: www.lendlease.com.au

Industry:

Real Estate Management & Development

Fiscal Year-End:

n/a NaN

Lend Lease Group (LLC, formerly Lend Lease Corporation Limited) is a leading international retail and residential property group, integrated with investment management and construction management businesses. It operates primarily in Australia, the United Kingdom and the US. Operating divisions include Retail, Communities, Public Private Partnerships, Project Management & Construction and Investment Management.

LLC was established in 1958 to fund Civil & Civic's design and construct projects. General Property Trust was established in 1970. MLC became wholly owned in 1986. A London office was established in the mid-1990s. Ensuing purchases included Yarmouth and GEM (1995), ERE (1997), Bovis Group plc (Bovis) (1999). In FY00, LLC acquired Boston Financial Group and five debt businesses from AMRESCO and also sold the MLC business. In FY05, LLC failed in an attempt to merge with GPT.

LLC has rationalised its operations into five distinct areas. Communities: looking after residential developments and senior housing; PPPs: dealing with housing infrastructure; Retail: involved in management and development of retail assets; Management and Construction: the construction business; and the Real Estate Investments division, provides property funds management capability to clients and manages a number of wholesale property portfolios.

LLC has extensive experience in the inter-related real estate, funds management and property development fields. Through the effective combination of these skills in the fragmented global real estate investment market, under its new business model, LLC can provide input at any level of the decision-making process, generating significant fee-based income with low balance sheet exposure.

LLC's business operations service a diverse client list, ranging from multinational corporations through the US Department of Defense (a PFI client). These customers utilise LLC's development, construction and property management expertise. Multiplex Group and a number of other international construction groups compete for large projects in the healthcare, education, residential, commercial property and sporting market segments.