THE SPONSOR

The Sponsor, Lendlease Corporation Limited, is part of the Lendlease Group¹, an international property and infrastructure group with core expertise in shaping cities and creating strong and connected communities, with operations in Australia, Asia, Europe and the Americas. Headquartered in Sydney and established in 1958, the Lendlease Group’s vision is to create the best places by striving for world leading standards for safety, innovation and sustainability.

The Lendlease Group pursues an integrated business model – where two or more of the operating segments of Development, Construction and Investments engage on the same project – to create major precincts, new communities and important civic and social infrastructure.

The Lendlease Group’s approach is to maintain a portfolio of operations that deliver diversification of earnings by segment and region, providing a mitigant to property cycles. This approach means that through cycles the composition of earning from each segment or region may vary.

The Lendlease Group has a development pipeline value approaching A$112 billion², core construction backlog of A$14 billion² and funds under management of A$37 billion². The Lendlease Group is a trusted investment manager to over 150 key capital partners in property and infrastructure investments. 

The Lendlease Group takes a disciplined approach in implementing its strategy with a focus on opportunities in targeted gateway cities that are underpinned by the six identified trends of urbanisation, global infrastructure, funds growth, the ageing population, sustainability and technology.

The five focus areas – Health and Safety, Financial, Our Customers, Our People and Sustainability, in conjunction with a strong risk management and governance framework, drive the approach to business. The Lendlease Group also has a portfolio management framework that provides for a diversified earnings base by both geography and segment in order to maximise value, and the Core Values of Lendlease that underpin how the Lendlease Group does business, form an integral part of the risk management and governance framework.

Lendlease’s Presence in Gateway Cities Across the World

 
Gateway Cities

Lendlease Group currently operates in four key regions across eight countries. Its aim is to have a presence in the cities it believes will be the most resilient and best performing around the world.

Lendlease Group has a portfolio of 21 urbanisation projects across nine Gateway Cities. 

^{1 Lendlease Group comprises the Sponsor, Lendlease Trust and their subsidiaries.
2 As at 6 September 2019. According to the Lendlease Group Full Year Results Presentation for FY2019, the commercial component is approximately A$29 billion comprising 322,000 sq m of commercial space in delivery across seven major buildings (c. A$5 billion) and approximately 2,100,000 sq m of commercial space not yet in delivery (c. A$24 billion).}