Lendlease
{{Short description|Multinational construction and real estate company headquartered in Australia}}
{{About|the company|the World War II program|Lend-Lease}}
{{Use dmy dates|date=May 2014}}
{{Use Australian English|date=May 2014}}
{{Infobox company
| name = Lendlease Corporation Limited
| logo = Logo Login Lendlease.svg
| logo_size = 180
| image = Barangaroo Tower 3.jpg
| image_size = 150
| image_caption = Lendlease's headquarters at Tower 3 of the International Towers complex, Barangaroo, Sydney
| type = Public
| traded_as = {{ASX|LLC}}
| foundation = {{start date and age|1958}} (Sydney)
| location = International Towers
Barangaroo, Sydney, Australia
| area_served = Worldwide
| key_people = Michael J. Ullmer, AO (Chairman)
Tony Lombardo (Group CEO)
| industry = Investment, Construction and Real estate
| num_employees = Approx. 8,500 (2022){{cite web |url=https://www.lendlease.com/au/about-us/ |title=About Us |publisher=Lendlease |access-date=28 October 2022}}
| products = Asset and property management, Building, Infrastructure Development, Investment Management and Services, Asset and Investment Legal Services.
| operating_income = {{decrease}}AUD$(61) million (2022)
| net_income = {{decrease}}AUD$(99) million (2022)
| homepage = {{URL|lendlease.com}}
}}
Lendlease is an Australian multinational construction and real estate company, headquartered in Barangaroo, New South Wales.
History
= Founding =
The company was established as Lendlease by Dick Dusseldorp{{cite news |url=http://www.smh.com.au/comment/obituaries/company-chief-who-delivered-in-spades-for-clients-shareholders-20130324-2gnzx.html |title=Company chief who delivered in spades for clients, shareholders |newspaper=Sydney Morning Herald |access-date=6 October 2015}} in 1958 to provide finance for building contracts being undertaken by Civil & Civic. In 1961, the company acquired Civil & Civic from Bredero's Bouwbedrijf.{{cite web |url=http://www.eoas.info/biogs/A000933b.htm |title=Civil and Civic (1951 - ) |publisher=Encyclopedia of Australia Science |access-date=7 April 2018}}
Lendlease first listed on the ASX in 1962. Operations expanded to the United States in 1971 and to Singapore in 1973.{{cite web |url=https://www.lendlease.com/au/about-us/our-history/ |title=Our History |publisher=Lend Lease |access-date=28 October 2022}}
In 1982, Lendlease acquired 50% of MLC and in 1985 acquired the balance of the company. MLC's multi-manager, multi-style investment philosophy was introduced in 1986. It was later sold to National Australia Bank in the year 2000{{Cite web |url=https://www.nab.com.au/about-us |title=About us |website=nab.com.au}} for $4.56 billion, one of the biggest mergers in Australian corporate history.{{cite web |url = http://www.abc.net.au/pm/stories/s117642.htm |title = NAB nabs MLC financial services unit |publisher = PM |date = 10 April 2000}}
= Expansion and major acquisition =
In 1999, the company formed Actus Lendlease with the acquisition of Actus Corporation's MILCON and technical service construction management business, and augmented this business with professionals from Lendlease Design and Lendlease Development.{{cite web |url=http://www.lendlease.com/en/Group/Lend-Lease/Worldwide/About-Us/history-and-achievements.aspx |title=History and Achievements |publisher=Lend Lease |access-date=28 February 2015}} Around this time, the company also acquired the British-based builder Bovis Construction from P&O.{{cite web |url=http://www.building.co.uk/story.asp?storycode=3134586 |title=Lend Lease offers Olympic work to Bovis rivals | Online News |last=Rogers |first=David |date=23 February 2009 |publisher=Building |access-date=28 February 2015}} During 2000, it bought Amresco's commercial mortgage business.{{cite web |url=http://www.thefreelibrary.com/Lend+Lease+completes+purchase+of+AMRESCO+mortgage+holdings-a062745618 |title=Lend Lease completes purchase of AMRESCO mortgage holdings. – Free Online Library |publisher=Thefreelibrary.com |access-date=28 February 2015}} One year later, Lendlease acquired Delfin (now Lendlease Communities) for $172 million.{{cite web |url=http://www.lendlease.com |title=Lend Lease |publisher=Lend Lease |access-date=28 February 2015}} It went on to buy Crosby Homes (now Lendlease Residential Development) for circa £240 million in 2005.{{cite web |url = http://business.timesonline.co.uk/tol/business/industry_sectors/construction_and_property/article536756.ece |archive-url = https://web.archive.org/web/20110612115614/http://business.timesonline.co.uk/tol/business/industry_sectors/construction_and_property/article536756.ece |url-status = dead |archive-date = 12 June 2011 |title = Crosby Homes chiefs in line for £25m from sale to Lend Lease |publisher = The Times |date = 24 June 2005}}
= Barangaroo, Valemus Acquisition, One Lendlease Era =
In 2009, Steve McCann was appointed CEO.{{cite web |url=http://www.news.com.au/news/lend-lease-makes-mccann-ceo/news-story/77128313c0e43912025195a67d07b2e3 |title=Lendlease appoints Steve McCann as CEO |date=2 October 2009 |publisher=News.com |access-date=7 April 2018}} In the same year Lendlease Corporation acquired Babcock and Brown Communities,{{cite web |url=http://www.lendlease.com/en/Group/Lend-Lease/Worldwide/About-Us.aspx |archive-url=https://web.archive.org/web/20120203084318/http://www.lendlease.com/en/Group/Lend-Lease/Worldwide/About-Us.aspx |url-status=dead |archive-date=3 February 2012 |title=About |publisher=Lendlease |access-date=21 April 2014}} rebranding the business as Lendlease Primelife. At the time, this acquisition made Lendlease Australia's largest provider of retirement villages.{{cite web |url=http://www.lendlease.com/en/Group/Lend-Lease/Australia/Sectors/retirement-senior-living.aspx |archive-url=https://archive.today/20130127154215/http://www.lendlease.com/en/Group/Lend-Lease/Australia/Sectors/retirement-senior-living.aspx |url-status=dead |archive-date=27 January 2013 |title=Retirement Living |publisher=Lendlease |access-date=21 April 2014}}{{cite web |url=http://www.lendleaseseniorliving.com.au/ |title=Retirement Living – Retirement Villages, Retirement Apartments, Retirement Units & Serviced Apartments | Lendlease |date=19 April 2004 |publisher=Lendleaseseniorliving.com.au |access-date=21 April 2014}}
In December 2009, Lendlease was selected by the New South Wales Government to develop Barangaroo.{{cite news |url=https://www.afr.com/politics/lend-lease-wins-6bn-barangaroo-development-20091221-iw977 |title=Lendlease wins $6bn Barangaroo development |newspaper=Australian Financial Review |date=21 December 2009}}
In 2010, Lendlease announced their first foray into the consumer market with Lendlease Solar. This subsidiary was wound up in early 2011, with no explanation as to why the division had closed.{{cite web |url=http://www.lendleasesolar.com.au |title=Lendlease – Contacts |date=30 June 2013 |publisher=Lendleasesolar.com.au |access-date=28 February 2015}}
On 17 February 2011 Lendlease announced wider ranging changes to its group of brands. This announcement meant the retirement of the Bovis, Delfin, Vivas, Catalyst and Primelife brands which were superseded by the unified Lendlease brand.{{cite web |url=http://www.constructionenquirer.com/2011/01/07/lend-lease-to-drop-bovis-name/ |title=Lendlease to drop Bovis name |publisher=Constructionenquirer.com |access-date=21 April 2014}}
In late February 2011, Lendlease acquired DASCO in order to position itself to take advantage of the impending Obama administration Health sector boom. The company was immediately rebranded as Lendlease DASCO, and started operating independently of the Lendlease Americas business.{{cite web |url=https://www.prnewswire.com/news-releases/lend-lease-to-acquire-healthcare-developer-dasco-116736434.html |title=Lendlease to Acquire Healthcare Developer DASCO |date=23 February 2011 |publisher=PR Newswire |access-date=7 April 2018}}
In March 2011, Lendlease completed the acquisition of Valemus (previously known as Bilfinger Berger Australia) from Bilfinger.{{cite web |url=http://www.valemus.com.au/news/media-releases/?ItemID=58&count=1 |title=Media Releases |access-date=10 January 2011 |url-status=dead |archive-url=https://archive.today/20121231023543/http://www.valemus.com.au/news/media-releases/?ItemID=58&count=1 |archive-date=31 December 2012}}
In March 2013, the business divested its aged care homes (from the acquisition of Babcock and Brown Communities) to Allity, a business owned by Australian Aged Care Partners.{{cite news |url=https://blogs.wsj.com/dealjournalaustralia/2013/02/28/archer-capital-buys-lend-leases-aged-care-business/ |title=Archer Capital Buys Lendlease's Aged Care Business |newspaper=Wall Street Journal |date=27 February 2013 |last1=Tan |first1=Gillian }}
In 2015, the company rebranded to use "Lendlease" as a single word.{{Cite web |url=https://www.cmo.com.au/article/575803/lendlease-revitalises-branding-match-next-pipeline-projects/ |title = Lendlease revitalises branding to match next pipeline of projects |website = cmo.com.au }}
In December 2016, Lendlease formed a joint venture agreement with Energy Made Clean. Energy Made Clean is a wholly owned subsidiary of renewable energy technology developer, Carnegie Clean Energy (ASX: CCE). With EMC and Carnegie's joint offerings, it is the only company in the world to offer a combination of wave, solar, wind, storage and desalination via microgrids. Microgrids are a budding industry and this partnership aims to provide end-to-end technologies that deliver energy independence and a reliable alternative to traditional forms of energy in regional, remote and fringe-of-grid locations in Australia, United States and around the world. This asset was later sold in 2020.{{cite news |url=https://www.afr.com/property/commercial/lendlease-exits-us-solar-farms-business-20201117-p56fbo |title=Lendlease exits US solar farms business |newspaper=Australian Financial Review |date=17 November 2020 |last1=Lenaghan |first1=Nick}}
In February 2021, Lendlease announced that Tony Lombardo, previously CEO of Lendlease Asia, would takeover from Steve McCann as Group CEO. This took place in June 2021.{{cite news |url=https://www.shoppingcentrenews.com.au/latest-news/industry-news/lendlease-announces-new-ceo-as-mccann-retires/ |title=Lendlease announces new CEO as McCann retires |newspaper=Shopping Centre News |date=15 February 2021}}
The global COVID-19 pandemic led to enforced site closures during the early 2020s, impairing revenues. In February 2022, Lendlease reported a first half loss of $264 million, which it attributed to one-off restructuring costs, COVID-19 issues and asset sales. The company cut about 360 jobs and garnered savings of $160 million.{{cite news |last1=Cummins |first1=Carolyn |title=Lendlease posts $264m loss as pandemic bites development, cuts dividend |url=https://www.smh.com.au/business/companies/lendlease-posts-264m-loss-as-global-pandemic-bites-development-20220221-p59y6v.html |access-date=22 August 2022 |work=Sydney Morning Herald |date=21 February 2022}} An improved second half to the financial year saw the company post a bottom-line loss of $99 million for the full year, after $333 million in writedowns on existing operations, a 61% drop in development EBITDA to $18 million and a 24% slump in construction earnings to $131 million.{{cite news |last1=Nichols |first1=Nick |title=Lendlease posts $99m loss, targets 2024 to reap benefits of business shake-up |url=https://www.businessnewsaustralia.com/articles/lendlease-posts--99m-loss--targets-2024-to-reap-benefits-of-business-shake-up.html |access-date=22 August 2022 |work=Business News Australia |date=22 August 2022}}
=Australia focus=
In May 2024, Lendlease announced plans to sell its overseas operations and to be focused on its domestic operations in Australia by late 2025.{{cite news |last1=Lowe |first1=Tom |title=Lendlease to pull out of UK and sell its overseas construction business |url=https://www.building.co.uk/news/lendlease-to-pull-out-of-uk-and-sell-its-overseas-construction-business/5129622.article |access-date=28 May 2024 |work=Building |date=28 May 2024}} It described its overseas markets as a "drag" on shareholder returns; its new strategy will focus on simplifying the firm's structure, reducing costs and leveraging its competitive strengths.{{cite news |last1=Marrs |first1=Colin |title=Lendlease UK operation to be sold ‘by end of 2025’ |url=https://www.constructionnews.co.uk/contractors/lendlease/lendlease-to-pull-out-of-uk-construction-market-28-05-2024/ |access-date=28 May 2024 |work=Construction News |date=28 May 2024}}
On 1 January 2025, Lendlease announced the sale of its UK construction business to US private equity business Atlas Holdings for £35 million, with completion targeted before the end of June 2025.{{cite news |last1=Rogers |first1=Dave |title=Lendlease to be bought by US private equity giant |url=https://www.building.co.uk/news/lendlease-to-be-bought-by-us-private-equity-giant/5133572.article |access-date=2 January 2025 |work=Building |date=2 January 2025}} The deal was completed in March 2025 when the business was renamed Bovis, resurrecting a brand retired in 2011.{{cite news |last1=Rogers |first1=Dave |title=Bovis name set to return to UK construction once new owner completes Lendlease deal |url=https://www.building.co.uk/news/bovis-name-set-to-return-to-uk-construction-once-new-owner-completes-lendlease-deal/5133650.article |access-date=9 January 2025 |work=Building |date=9 January 2025}}{{cite news |last1=Rogers |first1=Dave |title=Lendlease officially renamed Bovis after £35m sale to US private equity firm completes |url=https://www.building.co.uk/news/lendlease-officially-renamed-bovis-after-35m-sale-to-us-private-equity-firm-completes/5135294.article |access-date=1 April 2025 |work=Building |date=31 March 2025}}
Regions
Lendlease operates across four regional subdivisions:
= Australia =
Lendlease's regeneration projects include Barangaroo South in Sydney,{{cite web |url=http://www.lendlease.com/en/Group/Lend-Lease/Australia/Projects/barangaroo-south-b2c.aspx |title=Barangaroo South |publisher=Lend Lease |access-date=21 April 2014 |archive-url=https://web.archive.org/web/20120322043609/http://www.lendlease.com/en/Group/Lend-Lease/Australia/Projects/barangaroo-south-b2c.aspx |archive-date=22 March 2012 |url-status=dead |df=dmy-all}} Docklands, Victoria in Melbourne,{{Cite web |url=http://www.lendlease.com/en/Group/Lend-Lease/Australia/Projects/Victoria-Harbour-B2B.aspx |title=Victoria Harbour |publisher=Lendlease}} the RNA Showgrounds in Brisbane,{{cite web |url=http://www.lendlease.com/en/Group/Lend-Lease/Australia/Projects/showground-hill.aspx |title=ShowgroundHill |publisher=Lend Lease |access-date=21 April 2014 |archive-url=https://web.archive.org/web/20120322080650/http://www.lendlease.com/en/Group/Lend-Lease/Australia/Projects/showground-hill.aspx |archive-date=22 March 2012 |url-status=dead |df=dmy-all}} and Adelaide Oval in Adelaide.{{cite web |url=https://www.adelaideoval.com.au/news/adelaide-oval-recognised-best-development/ |title=Adelaide Oval Recognised Nationally as Best Development |date=4 May 2015 |publisher= Adelaide Oval |access-date=28 October 2022}}
One of Lendlease's more controversial communities projects is their development for housing and industry of the former Australian Defence Industries ('ADI') land at St Marys (Ropes Crossing & Jordan Springs){{cite web |url=http://www.lendlease.com/en/Group/Lend-Lease/Australia/Projects/jordan-springs.aspx |title=Jordan Springs |publisher=Lend Lease |access-date=21 April 2014 |archive-url=https://web.archive.org/web/20120321131821/http://www.lendlease.com/en/Group/Lend-Lease/Australia/Projects/jordan-springs.aspx |archive-date=21 March 2012 |url-status=dead |df=dmy-all}} in Western Sydney. Some of the group's major communities projects include Springfield Lakes, Queensland.{{cite web |url=http://www.lendlease.com/en/Group/Lend-Lease/Australia/Projects/springfield-lakes.aspx |title=Springfield Lakes |publisher=Lend Lease |access-date=21 April 2014 |archive-url=https://web.archive.org/web/20120321200915/http://www.lendlease.com/en/Group/Lend-Lease/Australia/Projects/springfield-lakes.aspx |archive-date=21 March 2012 |url-status=dead |df=dmy-all}}{{cite web |url=http://www.capellacapital.com.au/profile/lend-lease-relationship |title=Lend Lease Relationship |publisher=Capella Capital |access-date=22 September 2011 |archive-date=13 February 2011 |archive-url=https://web.archive.org/web/20110213050123/http://www.capellacapital.com.au/profile/lend-lease-relationship |url-status=dead}} Their ADI property is the largest intact area of the biodiverse and endangered plant community, the "Cumberland Plain Woodland".{{cite web |url=https://www.planning.nsw.gov.au/-/media/Files/DPE/Reports/Policy-and-legislation/strategic-conservation-plan/Cumberland-Plain-Conservation-Plan-what-we-heard-202208.pdf |title=Cumberland Plain Conservation Plan: What we heard |date=1 August 2022 |publisher=Government of New South Wales |page=19 |access-date=28 October 2022}}
= Asia =
Lendlease Asia has been working on two large urban development projects, The Exchange TRX (previously known as TRX Lifestyle Quarter) in Kuala Lumpur, Malaysia, and Paya Lebar Quarter in Singapore.{{cite web |url=https://www.arup.com/projects/paya-lebar-quarter |title=A city precinct closer to home |publisher=Arup |access-date=28 October 2022}}
=Americas=
File:432 Park Avenue, NY.jpg, standing at 425m tall.]]
Lendlease Project Management & Construction (previously Bovis Lendlease) provided construction management services for the National September 11 Memorial & Museum in New York,{{cite web |url=http://www.lendlease.com/en/Group/Lend-Lease/Americas/United%20States/Projects/national-september-11-memorial-and-museum.aspx |title=National September 11 Memorial and Museum |date=11 September 2001 |publisher=Lend Lease |access-date=21 April 2014 |archive-url=https://web.archive.org/web/20120321000945/http://www.lendlease.com/en/Group/Lend-Lease/Americas/United%20States/Projects/national-september-11-memorial-and-museum.aspx |archive-date=21 March 2012 |url-status=dead |df=dmy-all}} in addition to a number of other major public buildings throughout the U.S. A Public Private Partnership involved InterContinental Hotels Group and Lendlease, where they joined forces in the Privatization of Army Lodging to deliver quality hotels to United States Army Soldiers, their Families, and official guests of the United States Army. This partnership created IHG Army Hotels, a division of InterContinental Hotels Group.{{cite web |url=http://www.hotelnewsnow.com/Article/8536/Army-taps-Lend-Lease-IHG-for-privatization |title=Army taps Lend Lease, IHG for privatization |publisher=Hotel News Now |access-date=24 April 2014}} Other urban regeneration projects include Southbank, an area of Chicago, IL.{{Cite news |url=https://chicago.curbed.com/2016/9/13/12897772/chicago-construction-south-loop-riverline-development-groundbreaking |title=South Loop 'Riverline' mega-project breaks ground |work=Curbed Chicago |access-date=28 February 2018}}
Soaring Heights, a 6 MW solar development at Davis-Monthan AFB, Tucson, Arizona, United States, is a large Public Partnerships business in the US.{{cite web |url=http://www.dm.af.mil/news/story.asp?id=123178279 |title=Davis-Monthan to House Air Force's Largest Stateside Solar-Power Community |website=Davis-Monthan Air Force Base |publisher=Davis-Monthan Air Force Base |last1=Coggan |first1=Jamie L. |access-date=16 November 2015 |url-status=dead |archive-url=https://web.archive.org/web/20151117034006/http://www.dm.af.mil/news/story.asp?id=123178279 |archive-date=17 November 2015 |df=dmy-all}}
= Europe =
In Europe, major urban regeneration programmes are underway in Elephant and Castle as Elephant Park,{{Cite web |url=http://www.homesbylendlease.co.uk/west-grove |title=West Grove |website=www.homesbylendlease.co.uk |language=en |access-date=10 August 2017}} and in Stratford, London as The International Quarter London.{{cite web |url=https://www.internationalquarter.london/news-and-media/the-continuing-development-of-stratford-london/ |title=The continuing development of Stratford London |publisher=IQL Straford |access-date=28 October 2022}} Lendlease also worked as project manager on a new township at Durrat Al Bahrain on Bahrain Island.{{Cite web |url=http://www.lendlease.com/en/Group/Lend-Lease/EMEA/Middle%20East/Projects/durrat-al-bahrain.aspx |archive-url=https://web.archive.org/web/20120322092314/http://www.lendlease.com/en/Group/Lend-Lease/EMEA/Middle%20East/Projects/durrat-al-bahrain.aspx |url-status=dead |title=Durrat Al Bahrain |archive-date=22 March 2012}}
File:Palace of Westminster, London - Feb 2007.jpg in 2015.]]
In Europe, Lendlease Project Management & Construction provide project management and construction services for new projects and programmes. In 2015, Lendlease oversaw the restoration of the encaustic tile pavements at The Houses of Parliament.{{cite web |url=https://www.parliament.uk/site-information/foi/foi-and-eir/commons-foi-disclosures/estates-information/palace-of-westminster-encaustic-tiles-2018-/ |title=Palace of Westminster encaustic tiles (2018) - UK Parliament |website=parliament.uk}}
Major projects and operations
File:LendLease Tower in Townsville.jpg, Australia]]
File:911 Memorial The National September 11 Memorial tunliweb.JPG, New York City]]
File:Adelaide Oval, 2014.jpg Redevelopment, finished in 2014]]
Major construction projects carried out by the company include:
{{Columns-list|colwidth=35em|
- the refurbishment of Glasgow Central Station completed in 2000{{cite news |url=https://www.telegraph.co.uk/news/uknews/1370897/Dome-wins-construction-world-Oscar.html |title=Dome wins construction world 'Oscar' |newspaper=The Daily Telegraph |date= 19 June 2001 |access-date=5 November 2022}}
- the National Museum of Australia completed in 2001{{Cite web |url=https://www.infrabuild.com/en-au/resource-centre/case-studies/ |title=Case Studies |website=infrabuild.com}}
- the Chicagoland Speedway in Illinois completed in 2001{{cite web |title=Construction Partner Profiles |url=http://www.chicagolandspeedway.com/Articles/2000/05/CONSTRUCTION-PARTNER-PROFILES.aspx |publisher=Chicagoland Speedway |access-date=28 November 2010}}
- the Calderdale Royal Hospital completed in 2001{{cite web |url=https://www.examiner.co.uk/news/west-yorkshire-news/huddersfield-hospital-trust-pays-22m-10807505 |title=Huddersfield hospital trust pays £22M a year to Calderdale Royal PFI investors, finance chief admits |publisher=Huddersfield Examiner |date=30 January 2016 |access-date=7 April 2018}}
- the refurbishment of HM Treasury Main Building completed in 2002{{cite web |url=http://www.lendlease.com/emea/united-kingdom/sectors/commercial-office |title=Lend Lease - Commercial Office |access-date=19 May 2014 |url-status=dead |archive-url=https://web.archive.org/web/20140519131710/http://www.lendlease.com/emea/united-kingdom/sectors/commercial-office |archive-date=19 May 2014 |df=dmy-all }}
- the Worcestershire Royal Hospital completed in 2002{{cite web |url=https://www.constructionnews.co.uk/home/worcester-bovis-takes-pfi-hospital/915341.article |title=Worcester Bovis takes PFI hospital |date=1 April 1999 |publisher=Construction News |access-date=1 April 2018}}
- Endeavour House completed in 2003{{cite web |url=http://www.building.co.uk/unite-and-rule/3036201.article |publisher=Building.co.uk |title=Endeavour House |date=2004}}
- the Scottish Parliament Building completed in 2004{{cite web |url=http://www.holyroodinquiry.org/FINAL_report/annex%20a.pdf |title=Some key dates in the history of the Holyrood Project |date=15 September 2004 |first=Peter |last=Fraser |publisher=Holyrood Inquiry |access-date=16 December 2006}}
- the Chapelfield Shopping Centre in Norwich completed in 2005{{cite web |title=Chapelfield Norwich wins BCSC Gold Award |url=http://www.bdp.com/News/2006/Chapelfield-Norwich-wins-BCSC-Gold-Award/ |publisher=BDP |access-date=29 December 2011 |url-status=dead |archive-url=https://web.archive.org/web/20120207175650/http://www.bdp.com/News/2006/Chapelfield-Norwich-wins-BCSC-Gold-Award/ |archive-date=7 February 2012}}
- Bridgewater Place in Leeds completed in 2006{{cite web |url=http://www.skyscrapernews.com/buildings.php?id=734 |work=SKYSCRAPERNEWS.COM |title=Building - 734 - Bridgewater Place - Leeds |access-date=2 August 2008}}
- Queen's Hospital in Romford completed in 2006{{cite web |url=https://find-an-architect.architecture.com/ArchitectPractices/BDP/Projects/New-Romford-Hospital-60665.aspx |title=New Romford Hospital |publisher=RIBA |access-date=13 April 2018 |archive-url=https://web.archive.org/web/20180414010441/https://find-an-architect.architecture.com/ArchitectPractices/BDP/Projects/New-Romford-Hospital-60665.aspx |archive-date=14 April 2018 |url-status=dead}}
- Queen Mary's Hospital in Roehampton completed in 2006{{cite web |url=http://www.richmondandtwickenhamtimes.co.uk/news/491961.New_Queen_Mary_s_Hospital_on_the_way/ |title=New Queen Mary's Hospital on the way |date=21 May 2004 |publisher=Richmond and Twickenham Times |access-date=5 May 2018}}
- St James's Institute of Oncology in Leeds completed in 2007{{cite web |url=https://www.lawgazette.co.uk/news/firms-usher-in-new-pfi-era-with-credit-guarantee-scheme/42851.article |title=Firms usher in new PFI era with credit guarantee scheme |publisher=Law Society Gazette |date=29 October 2004 |access-date=22 April 2018}}
- Leicester Performing Arts Centre completed in 2008{{cite news |url=https://www.newsteelconstruction.com/wp/theatre-offers-an-outside-view/ |title=Theatre offers an outside view |date=1 March 2007 |newspaper=New Steel Construction |access-date=28 October 2022}}
- the Trump International Hotel and Tower in Chicago completed in 2009{{cite web |url=http://www.chicagotribune.com/business/chi-0505110195may11,0,1765742.story |title=Outdoor theater: A spectacle in progress |access-date=9 May 2008 |date=11 May 2005 |work=Chicago Tribune |last=Conklin |first=Mike}}
- the Broadgate Tower and 201 Bishopsgate in London completed in 2009{{cite web |title=Broadgate |url=http://www.britishland.com/index.asp?pageid=157 |publisher=British Land |access-date=29 December 2011 |url-status=dead |archive-url=https://web.archive.org/web/20120129104846/http://www.britishland.com/index.asp?pageid=157 |archive-date=29 January 2012}}
- Royal Manchester Children's Hospital completed in 2009{{cite web |url=http://www.cmft.nhs.uk/new-hospitals-development/the-new-development/building-management |title=Building Management |publisher=Central Manchester NHS Foundation Trust |access-date=14 April 2018}}
- the Burnley and Nelson sections of the Lancashire BSF project, completed in 2010{{cite web |url = http://www.bovislendlease.com/llweb/bll/main.nsf/images/pdf_project_uk_lancashire.pdf/$file/pdf_project_uk_lancashire.pdf |title = Bovis Lend Lease Project brochure |date = 2011}}
- the Trump SoHo in New York City completed in 2010{{cite web |url = http://www.observer.com/2008/real-estate/trump-soho-finally-topped |archive-url = https://web.archive.org/web/20081220141634/http://www.observer.com/2008/real-estate/trump-soho-finally-topped |title = Trump SoHo finally topped out |publisher = New York Observer |date = 10 November 2008 |archive-date = 2008-12-20}}
- the refurbishment of the BBC Headquarters in London completed in 2011{{cite news |url=https://www.telegraph.co.uk/finance/2837033/Bovis-to-revamp-BBC-headquarters.html |title=Bovis to revamp BBC headquarters |newspaper=The Daily Telegraph |date=18 December 2002 |access-date=5 November 2022}}
- the National September 11 Memorial & Museum in New York City completed in 2011{{cite news |url = http://www.smh.com.au/news/business/bovis-lend-lease-to-construct-world-trade-centre-memorial/2006/03/14/1142098447158.html |title = Bovis Lend Lease to construct World Trade Centre memorial |date = 14 March 2006 |publisher = Sydney Morning Herald |access-date = 8 April 2008 }}
- MediaCityUK in Salford completed in 2011{{cite web |title=Media City, Salford: This is the BBC |url=http://www.building.co.uk/media-city-salford-this-is-the-bbc/3148736.article |work=building.co.uk |date=18 September 2009 |access-date=20 July 2011 |mode=cs2 |archive-date=3 January 2011 |archive-url=https://web.archive.org/web/20110103090237/http://www.building.co.uk/media-city-salford-this-is-the-bbc/3148736.article |url-status=live }}
- Athletes' Village for 2012 Summer Olympics in London completed in 2012{{cite news |url=https://www.building.co.uk/news/lend-lease-hands-over-delayed-athletes-village-plots-to-oda/5029958.article |title=Lend Lease hands over delayed athletes' village plots to ODA |date=4 January 2012 |newspaper=Building |access-date=28 October 2022}}
- One57 in New York City completed in 2014{{cite news |last=Shaer |first=Matthew |date=7 October 2012 |title=This Is What $90 Million Looks Like |work=New York Magazine |url=https://nymag.com/homedesign/urbanliving/2012/one-57/index4.html |access-date=19 November 2020 |archive-date=3 September 2021 |archive-url=https://web.archive.org/web/20210903213818/https://nymag.com/homedesign/urbanliving/2012/one-57/index4.html |url-status=live}}
- Dr Chau Chak Wing Building in Sydney completed in 2014 {{Cite web |url=https://www.smh.com.au/national/nsw/lend-lease-lands-bid-to-build-gehry-designed-paper-bag-project-20121122-29svd.html |title=Lend Lease lands bid to build Gehry-designed 'paper bag' project |first=Nicole |last=Hasham |date=22 November 2012 |website=The Sydney Morning Herald}}
- 50 United Nations Plaza in New York City completed in 2015{{cite web |url=https://www.skyscrapercenter.com/building/50-united-nations-plaza/14829 |title=50 United Nations Plaza |publisher=Skyscraper Centre |access-date=28 October 2022}}
- 432 Park Avenue in New York City completed in 2015{{cite news |url=https://www.theguardian.com/artanddesign/2021/feb/07/supertall-skyscraper-new-york-432-park-avenue-rich |title=High anxiety: super-rich find supertall skyscraper an uncomfortable perch |date=7 February 2021 |newspaper=The Guardian |access-date=28 October 2022}}
- Northumbria Specialist Emergency Care Hospital, Cramlington, UK, completed in 2015. (In February 2021, the NHS trust began court action against Lendlease over structural defects identified in the building.{{cite news |title=Trust battles global firm in £100m court fight over 'substantial defects' at flagship NHS hospital |url=https://www.hsj.co.uk/finance-and-efficiency/trust-battles-global-firm-in-100m-court-fight-over-substantial-defects-at-flagship-nhs-hospital/7029224.article? |access-date=21 March 2021 |publisher=Health Service Journal |date=9 February 2021}} A trial is due to start in October 2022.{{cite news |last1=Morby |first1=Aaron |title=Lendlease £140m hospital claim to hit High Court |url=https://www.constructionenquirer.com/2022/05/26/lendlease-140m-hospital-claim-to-hit-high-court/ |access-date=27 May 2022 |work=Construction Enquirer |date=26 May 2022}})
- International Towers, Sydney in Barangaroo, Sydney completed in 2016 {{Cite web |url=https://rshp.com/projects/office/international-towers-sydney/ |title=International Towers, Sydney |publisher=RSHP |access-date=22 March 2023}}
- the International Convention Centre Sydney completed in 2016{{cite news |url = http://www.smh.com.au/nsw/1-billion-plan-to-reshape-sydney--with-separate-15-billion-lend-lease-deal-20121211-2b6t0.html |title= $1 billion plan to reshape Sydney - with separate $1.5 billion Lend Lease deal |publisher=Sydney Morning Herald |date= 11 December 2012 |access-date=24 June 2016}}
- 53W53 in New York City completed in 2019{{cite web |date=5 November 2012 |title=53W53 MoMA Tower |url=https://www.structuremag.org/?p=11647 |access-date=9 July 2021 |website=STRUCTURE magazine |archive-date=9 July 2021 |archive-url=https://web.archive.org/web/20210709195430/https://www.structuremag.org/?p=11647 |url-status=live }}
- Western Sydney Stadium in Parramatta, Sydney completed in 2019{{Cite web |url=https://www.theguardian.com/australia-news/2019/jul/29/lendlease-exit-raises-doubts-about-timeline-of-allianz-stadium-rebuild |title=Lendlease exit raises doubts about timeline of Allianz stadium rebuild |newspaper=The Guardian |date=29 July 2019 |access-date=22 March 2023}}
- Redevelopment of Darling Harbour as Darling Square completed in 2019{{Cite web |url=https://www.smh.com.au/business/companies/bird-s-nest-sold-unique-sydney-buildings-snapped-up-for-110m-20191006-p52y2k.html |title='Bird's nest' sold: Unique Sydney buildings snapped up for $110m |newspaper= Sydney Morning Herald |date=7 October 2019 |access-date=22 March 2023}}
- NorthConnex in Sydney completed in 2020{{Cite web |url=http://www.bouygues-construction.com.au/project/northconnex/ |title=NorthConnex |publisher=Bouygues Construction Australia}}
- Google's UK Headquarters at King's Cross in London completed in 2020{{cite news |url=https://www.building.co.uk/news/lendleases-google-job-finally-reopens/5106418.article |title=Lendlease's Google job finally reopens |date=12 June 2020 |newspaper=Building |access-date=28 October 2022}}
- Crown Sydney located in Barangaroo, Sydney completed in 2020 {{Cite web |url=https://www.thehotelconversation.com.au/news/2020/05/25/crown-sydney-reaches-vertical-milestone-ahead-schedule/1590368466 |title=Crown Sydney reaches vertical milestone ahead of schedule |date=25 May 2020 |website=The Hotel Conversation}}
}}
Controversy and incidents
In 2008, the company and a subcontractor abatement firm, the John Galt Corporation, were charged with numerous OSHA safety violations after a fire broke out and killed two firefighters at the Deutsche Bank Building, a Manhattan skyscraper being demolished in the wake of the September 11 attacks. The violations included an employee (Safety Manager) of "Lendlease's Project Management & Construction Business" filling out a safety check list that identified a stand-pipe as being present and functional - when it was actually disconnected in a hard to see spot. The firemen consulted the check list, thought they had a good system and proceeded up into the building to fight the fire. Only when they reached the dangerous area that was on fire, did they realise the system did not have any water pressure, and they died trying to retreat amid the confusion.{{Cite news |url=https://www.nytimes.com/2008/02/20/nyregion/20deutsche.html?scp=1&sq=&st=nyt |title= Bank Tower Contractors Accused of 44 Violations |first1=William K. |last1=Rashbaum |first2=Charles |last2=V. Bagli |work=The New York Times |date= 20 February 2008 |access-date=12 September 2011}} As of June 2011, two out of the three individuals charged in the associated manslaughter and criminally negligent homicide case have been acquitted.{{Cite news |url=http://www.dnainfo.com/20110629/downtown/second-deutsche-bank-foreman-not-guilty-deadly-blaze |title=Second Deutsche Bank Foreman Not Guilty in Deadly Blaze |first=Shayna |last=Jacobs |publisher=DNAinfo.Com (Manhattan Local News) |date=29 June 2011 |access-date=12 September 2011 |url-status=dead |archive-url=https://web.archive.org/web/20110831091022/http://www.dnainfo.com/20110629/downtown/second-deutsche-bank-foreman-not-guilty-deadly-blaze |archive-date=31 August 2011}}
In 2012, Lendlease agreed to pay $56 million in fines and restitution after admitting that the company had routinely over-billed clients and evaded government rules regarding the hiring of women and minority-owned firms. For a ten-year time span ending in 2009, the company along with others devised a scheme to defraud federal, state and local government contracting agencies as well as private clients. The fine is the largest in the city's history.{{Cite news |url=https://www.nytimes.com/2012/04/25/nyregion/lend-lease-expected-to-admit-to-fraud-scheme.html |title= Company Admits It Bilked Clients on Big Projects |first=William K. |last=Rashbaum |work=The New York Times |date= 24 April 2012 |access-date=25 April 2012}}
On 29 October 2012 the long boom of a Lendlease construction crane atop the 1,004 foot high One57 snapped during Hurricane Sandy forcing the evacuation of several buildings in Midtown Manhattan.{{cite web |url=https://www.wsj.com/articles/SB10001424052970203335504578087062647393392 |title=Crane-Arm Snaps In Tower Mishap |publisher=The Wall Street Journal |date=29 October 2012 |access-date=30 October 2012}}
In October 2018, Lendlease was announced as a contender for a £330 million contract to renovate Manchester Town Hall.{{cite web |url=https://manchestergazette.co.uk/calls-for-lendlease-to-be-suspended-from-lucrative-council-contracts-after-cladding-debacle/1411 |title=Calls For Lendlease To Be Suspended From Lucrative Council Contracts After Cladding Debacle |date=3 October 2018 |publisher=Manchester Gazette |access-date=8 January 2019 |archive-url=https://web.archive.org/web/20181003182317/https://manchestergazette.co.uk/calls-for-lendlease-to-be-suspended-from-lucrative-council-contracts-after-cladding-debacle/1411 |archive-date=3 October 2018 |url-status=dead}} Manchester's Opposition Leader and former MP John Leech uncovered a history of legal, ethical and worker safety controversy surrounding the two shortlisted companies (Laing O'Rourke and Lendlease).{{cite web |url=http://www.mcrlibdems.org.uk/uncovered_manchester_town_hall_s_330m_shortlisted_contractors_drowning_in_legal_ethical_and_worker_safety_controversy |title=Uncovered: Manchester Town Hall's £330m shortlisted contractors drowning in legal, ethical and worker safety controversy |publisher=Mcrlibdems.org.uk |date=3 October 2018 |access-date=8 January 2019}} He said that "Under absolutely no circumstances" should Lendlease ever be considered for a council contract again until they paid a £3 million Grenfell-style cladding bill in the Green Quarter of Manchester.{{cite web |url=https://www.theconstructionindex.co.uk/news/view/local-politician-rails-against-councils-contractors |title=Local politician rails against council's contractors |publisher=Theconstructionindex.co.uk |date=3 October 2018 |access-date=8 January 2019}} In January 2019, Lendlease was announced as the winner of the contract.{{cite web |url=https://www.constructionnews.co.uk/companies/contractors/lendlease/lendlease-lands-330m-manchester-town-hall-deal/10038659.article |title=Lendlease lands £330 million Manchester Town Hall Deal |date=8 January 2019 |publisher=Construction News |access-date=8 January 2019}} Leech criticised the decision and said it showed a lack of concern for local people.{{cite web |first=Dunlop |last=Heywood |url=https://www.placenorthwest.co.uk/news/lendlease-beats-laing-orourke-to-manchester-town-hall-contract/ |title=Lendlease beats Laing O'Rourke to Manchester Town Hall contract |publisher=Place North West |date=10 October 2018 |access-date=8 January 2019}}
A 23-year-old worker was killed and two others seriously injured in October 2020 on a Lendlease construction site at Curtin University in Western Australia. This occurred when the roof on the new School of Design and the Built Environment building collapsed.{{Cite web |url=https://www.abc.net.au/news/2020-10-13/curtin-university-roof-collapses-reports-casualties/12762640 |title=One worker dies, two men in their 20s injured as roof collapses at WA's Curtin University |date=13 October 2020 |website=abc.net.au}}
References
{{Reflist|colwidth=30em}}
External links
- [http://www.lendlease.com Lendlease corporate site]
{{Lend Lease Group}}
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Category:Financial services companies based in Sydney
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Category:Real estate companies established in 1958