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Lendlease

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Lendlease
NameLendlease
TypePublic
Traded asASX: LLC
IndustryProperty, Construction, Infrastructure
Founded1958
FounderDick Dusseldorp
HeadquartersSydney, Australia
Key peopleTony Lombardo, Michael Ullmer

Lendlease is a leading international property and infrastructure company, founded by Dick Dusseldorp in 1958, with a strong presence in Australia, United States, United Kingdom, Asia, and Europe. The company has a diverse portfolio of projects, including residential and commercial developments, infrastructure, and construction services, often in partnership with organizations like Australian Government, New South Wales Government, and Singapore Government. Lendlease has worked on numerous high-profile projects, such as the Barangaroo development in Sydney, the London Olympics Athletes' Village, and the National September 11 Memorial & Museum in New York City. The company's expertise has been recognized through awards like the Australian Construction Achievement Award and the International Property Award.

History

Lendlease has a rich history, dating back to 1958 when Dick Dusseldorp founded the company in Sydney, Australia. Over the years, the company has expanded its operations to become a global player, with a presence in United States, United Kingdom, Asia, and Europe. Lendlease has worked on numerous iconic projects, including the Sydney Opera House, the Melbourne Cricket Ground, and the Brisbane Airport. The company has also partnered with organizations like Qantas, Telstra, and Westfield Group to deliver large-scale projects. In 2011, Lendlease was appointed as the developer of the Barangaroo South project in Sydney, a major urban renewal project that has transformed the city's waterfront. The company has also collaborated with University of New South Wales, University of Melbourne, and University of Queensland on various research and development initiatives.

Operations

Lendlease operates in several key markets, including Australia, United States, United Kingdom, Asia, and Europe. The company's operations are divided into several business segments, including development, construction, and investment management. Lendlease has a strong presence in the Australian property market, with a portfolio of residential and commercial developments, including the Australian Technology Park in Sydney and the Melbourne Quarter in Melbourne. The company has also established partnerships with organizations like Google, Microsoft, and Amazon to deliver large-scale technology and infrastructure projects. In the United States, Lendlease has worked on projects like the National September 11 Memorial & Museum in New York City and the Los Angeles International Airport. The company has also collaborated with Harvard University, Stanford University, and Massachusetts Institute of Technology on various research initiatives.

Projects

Lendlease has a diverse portfolio of projects, including residential and commercial developments, infrastructure, and construction services. Some of the company's notable projects include the Barangaroo development in Sydney, the London Olympics Athletes' Village, and the National September 11 Memorial & Museum in New York City. The company has also worked on large-scale infrastructure projects, such as the WestConnex motorway in Sydney and the Melbourne Metro Tunnel in Melbourne. Lendlease has partnered with organizations like Singapore Government, Hong Kong Government, and Dubai Government to deliver projects in Asia and the Middle East. The company has also collaborated with World Bank, Asian Development Bank, and European Investment Bank on various infrastructure development initiatives. In Europe, Lendlease has worked on projects like the London Olympics and the Birmingham New Street station in the United Kingdom.

Sustainability

Lendlease is committed to sustainability and has implemented various initiatives to reduce its environmental impact. The company has set targets to reduce its greenhouse gas emissions and has implemented energy-efficient practices in its developments. Lendlease has also partnered with organizations like World Wildlife Fund, The Nature Conservancy, and Green Building Council of Australia to promote sustainable development practices. The company has achieved certifications like the LEED (Leadership in Energy and Environmental Design) and the Green Star rating for its developments. Lendlease has also collaborated with University of Cambridge, University of Oxford, and Imperial College London on various research initiatives focused on sustainability and environmental management.

Governance

Lendlease is a publicly listed company on the Australian Securities Exchange (ASX) and is governed by a board of directors. The company's board includes experienced professionals like Tony Lombardo, Michael Ullmer, and David Higgins. Lendlease has a strong commitment to corporate governance and has implemented various policies and procedures to ensure transparency and accountability. The company has also established an Audit Committee and a Risk Management Committee to oversee its financial and risk management practices. Lendlease has partnered with organizations like Australian Institute of Company Directors, Institute of Internal Auditors, and Risk Management Institute to promote good governance practices.

Financials

Lendlease has a strong financial position, with a diverse portfolio of assets and a solid balance sheet. The company's revenue is generated from its development, construction, and investment management activities. Lendlease has reported strong financial results in recent years, with increased revenue and profitability. The company has also paid dividends to its shareholders and has a strong track record of returning value to its investors. Lendlease has partnered with organizations like Commonwealth Bank of Australia, Westpac Banking Corp, and National Australia Bank to access funding and manage its financial risks. The company has also collaborated with PricewaterhouseCoopers, KPMG, and Deloitte on various financial advisory initiatives. Category:Construction companies of Australia

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