History and Achievements

Our history

We’ve been breaking ground and leading best practice since our inception in the early 1950s. Find out more about the major milestones throughout Lend Lease’s history.

2010 - 2012

  • Elephant & CastleLend Lease continues to focus its capabilities towards becoming one of the world’s leading fully integrated property providers.
  • Lend Lease acquires Valemus Australia, parent company of Abigroup, Baulderstone and Conneq for A$1 billion.
  • Selected to undertake first stage of A$400 million Alkimos community development in Western Australia
  • Selected to undertake the £1.3 billion stage two regeneration of Stratford City, one of UK’s largest mixed-use developments
  • Selected to undertake A$2.5 billion major urban regeneration of Brisbane’s historic RNA showground site
  • Wins £1.5 billion major urban regeneration of Elephant & Castle precinct in London

2000 - 2009

  • Lend Lease is awarded the contract to develop Sydney’s largest CBD development $6 billion, Barangaroo South over the next 10 to 15 years. The project, which is participating in the Clinton Climate Initiatives Climate Positive Development Program, is targeting carbon neutral, water positive and zero waste outcomes.
  • Lend Lease consortium acquires A$1.4 billion ING Retail Property Fund in Australia
  • Steve McCann is appointed Group Chief Executive officer of Lend Lease.  Steve McCann is Lend Lease’s seventh CEO since 1958.
  • Lend Lease delivers the first US building to achieve LEED Gold Certified Rating (Core and Shell).
  • Lend Lease introduces its Incident & Injury Free program to improve systems and process for safe work places and to make every employee accountable for the safety of themselves and their colleagues.
  • Lend Lease is selected by the World Trade Center Memorial Foundation as Construction Manager
  • Millers Point Youth and Employment Partnership, chaired by Lend Lease, wins NSW Prime Minister’s Community Business Partnership Award for Excellence
  • Lend Lease celebrates its 50th Anniversary, and commemorates this milestone with a special book
    Wins £1.5 billion ‘urban regeneration’ in London which includes Athletes Village at Stratford City
  • Acquires UK urban regeneration specialist The Crosby Group plc
  • GPT elects to internalise management, splitting from Lend Lease
    Develops Australia’s first 5 Star Green Star and 6 Star Green Star buildings
  • Acquires ‘Delfin’ – a specialist in developing residential communities across Australia, and expands into developing ‘senior living’ communities
  • With the sale of MLC and other US investment management businesses, Lend Lease focuses its capabilities towards becoming one of the world’s leading fully integrated property solutions providers

1990 - 1999

  • Community DayFoundation launches Community Day giving employees a day to volunteer in their communities. Lend Lease employees have clocked up almost 400,000 volunteer hours since Community Day started.
  • Lend Lease International commences operations in Europe
  • Aquatic Centre at the Sydney Olympic site opens
  • Lend Lease, in conjunction with Sydney City Mission, wins inaugural Australian Prime Minister's Award for Business and Community Partnerships
  • Employee share plan program is extended to US and ‘Foundation’ becomes global
  • Operations expand through the US, Asia and Europe
  • Bluewater opens, one of Europe's largest retail and leisure destinations
  • International operations strengthen with the acquisition of P&O's Global Project Management Company – Bovis and formation of Actus Lend Lease in the US to develop large-scale military housing communities

1980 - 1989

  • Childcare facilities are introduced for employees of Lend Lease’s Australian headquarters
  • The Sydney Football Stadium and National Tennis Centre in Melbourne are completed
  • Foundation’ is formed, to look after employee and community wellbeing
  • Equal Opportunity Management programs, Lend Lease Youth Council and Lend Lease Apprentice Council are all formed
  • MLC celebrates its centenary, and becomes a wholly owned Lend Lease subsidiary
  • ACTU/Lend Lease Foundation is set up to encourage people to acquire skills
  • APPF is formed, one of the nation’s leading unlisted wholesale property funds
  • Duss receives the Order of Australia for his contributions to employee and industrial relations
  • When the founder retires, Lend Lease is celebrated as one of Australia’s leading blue chip companies, and continues to set the benchmark in employee benefits

1970 - 1979

  • Lend Lease EmployeesLend Lease board appoints its first female Director, Marietta Tree
  • Formation of Prime Property Fund, one of the first commingled real estate accounts for US pension funds
  • The $100 million Sydney landmark ‘MLC Centre’ opens
  • GPT is formed, one of the first, and largest diversified property trusts in Australia
  • Profit share is introduced for Australian employees
  • Annual revenue exceeds $300 million
  • Lend Lease launches operations in Singapore and the US, and continues to lead the way in employee benefits

1960 - 1969

  • Australia SquareLend Lease acquires Civil & Civic from Bredero’s
  • ‘Australia Square’ opens, the country’s first lightweight concrete building
  • Operations expand around Australia, and commence in New Zealand
  • Lend Lease establishes itself as a progressive employer by introducing superannuation for staff, 20 years before becoming industry practice

1950 - 1959

  • Dick 'Duss' DusseldorpIn 1958 “Duss” (as he was known to his workers) forms Lend Lease Corporation with Civil & Civic as the largest shareholder and soon after creates the world’s first listed property trust.
  • Duss brokers a productivity agreement with the Building Trades’ Union in NSW and ACT
  • Stage one of the Sydney Opera House contract is won
  • GJ Dick (Duss) Dusseldorp comes to Australia in 1951 with £10,000, and with a handful of Dutch workers builds 200 prefabricated worker houses for the iconic Snowy Hydro-Electric scheme.
  • Dick Dusseldorp visits Australia to assess opportunities for Bredero’s, a large Dutch building company 

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Fast Fact:

We have circa A$15.0 billion funds under management (30 June 2013)

Fast Fact:

We’ve delivered more than 450 residential projects worth $US16 billion in America

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We’ve completed more than 250 projects in China since 1993

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We’ve delivered more than 530 leisure and retail centres across the Americas, Australia, Asia and Europe

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Each year more than 112 million people visit one of our retail centres in Australia