- Founded: 1958 in Sydney, Australia
- Headquarters: Barangaroo, Sydney, New South Wales
- Employees: Approximately 10,000 globally
- Market Cap: A$3.88 billion (2025)
- FY2024 Revenue: A$9.37 billion
Lendlease Corporation Limited stands as one of Australia’s largest multinational construction and real estate companies. The company operates across three core segments: Investments, Development, and Construction.
Dick Dusseldorp founded the company in 1958 to provide financing for construction projects. Today, Lendlease delivers residential developments, commercial assets, and major infrastructure projects across Australia, Asia, Europe, and the Americas. The company listed on the Australian Securities Exchange in 1962 and has grown into a global property and infrastructure leader.
In May 2024, Lendlease announced plans to refocus on domestic Australian operations by late 2025. This strategic shift involves selling overseas assets to strengthen shareholder returns and simplify the company structure.
Lendlease History
Lendlease Co-founders
Lendlease Revenue
Lendlease revenue peaked at A$10.37 billion in FY2023 before declining to A$9.37 billion in FY2024. The company generates income through construction services, property development, and investment management activities.
Lendlease Marketcap
Lendlease market capitalisation reached A$3.88 billion in 2025. The company’s valuation has fluctuated based on project performance and strategic restructuring efforts. Share price ranged between A$4.91 and A$6.82 over the past year.
Lendlease Acquisitions
Lendlease built its global presence through strategic acquisitions spanning four decades. The company’s acquisition strategy targeted construction firms, property developers, and financial services companies across multiple continents.
The 1982-1985 acquisition of MLC insurance transformed Lendlease into a diversified conglomerate. MLC brought life insurance, investment management, and superannuation capabilities. The subsequent 2000 sale to National Australia Bank for A$4.56 billion generated significant capital for international expansion.
The 1999 Bovis acquisition from P&O for A$710 million marked Lendlease’s transformation into a global construction leader. Bovis brought substantial operations in the United States, United Kingdom, and Asia-Pacific regions. This deal remains the company’s largest acquisition and created the Bovis Lendlease brand that managed projects including the World Trade Center site cleanup.
Between 2000 and 2011, Lendlease completed several significant deals. The company acquired AMRESCO’s commercial mortgage business in 2000, Delfin Property Group for A$172 million in 2001, and Crosby Homes for approximately A$450 million in 2005. These acquisitions expanded residential development and communities capabilities.
The 2009 Babcock and Brown Communities acquisition made Lendlease Australia’s largest retirement village operator. In 2011, the company acquired Valemus Group (formerly Bilfinger Berger Australia) and DASCO, a US healthcare real estate developer. These deals consolidated Australian construction market share and expanded US healthcare sector presence. The company unified all subsidiary brands under the single Lendlease name in 2011.
Lendlease Competitors
Lendlease competes with major Australian and international construction and real estate companies. The Australian market features several large integrated property groups that operate across similar segments.
| Company | Headquarters | Primary Focus |
|---|---|---|
| CIMIC Group | Sydney, Australia | Infrastructure and mining construction |
| Mirvac Group | Sydney, Australia | Residential and commercial development |
| Stockland Corporation | Sydney, Australia | Residential communities and retail |
| Multiplex | Perth, Australia | Commercial construction |
| John Holland | Melbourne, Australia | Infrastructure and building construction |
| CPB Contractors | Sydney, Australia | Civil infrastructure projects |
| Laing O’Rourke | Sydney, Australia | Engineering and construction |
| Hansen Yuncken | Melbourne, Australia | Commercial and institutional construction |
| Hutchinson Builders | Brisbane, Australia | Commercial and residential construction |
| Downer Group | Sydney, Australia | Infrastructure services |
FAQs
Who founded Lendlease Corporation?
Dick Dusseldorp founded Lendlease in 1958 in Sydney, Australia. The Dutch-born engineer established the company to provide financing for Civil and Civic construction projects.
What does Lendlease do?
Lendlease operates as an integrated real estate and construction company. The firm develops residential communities, commercial buildings, and manages property investments globally.
Where is Lendlease headquarters located?
Lendlease headquarters sits at Tower Three, International Towers Sydney, 300 Barangaroo Avenue in Sydney, Australia. The company moved there from The Bond in Hickson Road.
Is Lendlease publicly traded?
Yes, Lendlease trades on the Australian Securities Exchange under ticker symbol LLC. The company first listed on the ASX in 1962.
What major projects has Lendlease completed?
Lendlease completed the Sydney Opera House podium, Barangaroo South, International Convention Centre Sydney, and served as lead contractor for the World Trade Center site cleanup.
Similar to Westfield Group and other Australian property giants, Lendlease transformed from a local construction financier into a multinational real estate leader. The company’s integrated approach combines development, construction, and investment management capabilities. Companies like CBRE Group provide complementary commercial real estate services in markets where Lendlease operates.
