Lend Lease Corporation Limited provides property solutions. Business The company has five lines of business that operate in three geographic regions: the Asia Pacific, Europe, and the Americas. Retail business The Retail business comprises retail property management, asset management and development. This business also includes the company’s ownership interests in direct property investments, including those held via limited partnerships. Asia Pacific: In the Asia Pacific, the company holds a direct ownership interest in two development opportunities and two operating retail centres. The business undertakes master-planning and development management of six centres in Australia and one in Singapore. In addition, the business carries out the property management of nine centres in Australia and two in Asia, with a total gross lettable area of 602,700 square metres. Europe: In Europe, Lend Lease’s Retail business includes an ownership interest in five retail centres in the U.K. The business has development opportunities at three of these centres. The business also carries out the asset management of five centres with a total gross lettable area of 336,700 square meters. Americas: In the Americas, Lend Lease’s retail business comprises a 50% ownership interest in the partnership that owns the King of Prussia Mall in Pennsylvania. Communities business The Communities business is involved in the development of large scale master-planned urban communities, inner city apartments, and senior living. The Lend Lease business model includes land sourcing, master-planning and design, product development, and marketing. Asia Pacific: The Communities business in Asia Pacific is focused on building a portfolio of market projects and assets in various sectors, including master-planned urban communities through Delfin Lend Lease; apartments through Vivas Lend Lease; integrated mixed use property developments through Lend Lease Development; and senior living through co-investment and management of LLP and direct ownership through Retirement by Design. The product lines of the Communities business are: residential land lots; residential built-form (including houses, terraces, and apartments); commercial (including retail, office, light industrial, and social infrastructure); and senior living (including retirement villages, aged care, and village operations). Europe: In Europe, the Communities business comprises Crosby, an urban regeneration specialist operating in major northern England cities such as Manchester, Leeds, and Birmingham, and large scale redevelopment projects at Greenwich, Stratford and Elephant, and Castle. This business also holds a 45% interest in First Base, a company specializing in affordable housing and community projects in London. Americas: In the U.S., the Communities business focuses on large scale urban greenfield development and regeneration opportunities. The business has one project, Horizon Uptown in Denver, Colorado. Public Private Partnerships (PPP) business The Public Private Partnerships (PPP) business manages and invests equity in large PPP projects. The PPP business consists of Actus in the U.S. and the PPP projects in Europe. Americas: The primary focus of Actus is the Military Housing Privatization Initiative (MHPI) for all branches of the USA Military. Under the MHPI, Actus is selected to own, finance, construct, and operate projects for a period of 50 years. Europe: The PPP business in the U.K. is focused on four sectors: health, education, waste, and accommodation. Under PPP schemes, the company is selected to own, finance, construct, and operate projects for a period of up to 40 years. Investment Management Investment Management provides real estate investment management services. Investment Management includes the company’s ownership interests in property investments held indirectly through investments in Lend Lease managed funds. Project Management and Construction Project Management and Construction provides construction, project management, and design services through Bovis Lend Lease (Bovis). History Lend Lease Corporation Limited was founded in 1958.
lend lease group
(LLC:Australian Stock Exchange Ltd)
30 The Bond
30 Hickson Road
Millers Point, NSW 2000
Phone: 61 2 9236 6111
Fax: 61 2 9252 2192www.lendlease.com.au
|AMP Ltd||A$6.61 AUD||-0.03|
|CIMIC Group Ltd||A$23.80 AUD||+0.29|
|Insurance Australia Group Ltd||A$5.89 AUD||-0.03|
|QBE Insurance Group Ltd||A$14.60 AUD||+0.08|
|Suncorp Group Ltd||A$14.27 AUD||+0.15|
|View Industry Companies|
Sponsored Financial Commentaries
To contact LEND LEASE GROUP, please visit www.lendlease.com.au. Company data is provided by Capital IQ. Please use this form to report any data issues.