To form this view, we undertook an extensive global study and applied a number of filters. We then evaluated key metrics including economic, business climate and capital market indicators.
This narrowed our focus to 38 global cities which were filtered on additional metrics such as demographics, property fundamentals, geopolitical risks and Lendlease’s presence in a particular market.
These cities were also reviewed from a health and safety perspective, meaning any future opportunities, irrespective of potential commercial returns, will only ever be taken on if we can commit to applying Lendlease’s Global Minimum Requirements (GMRs).
The process identified an initial 17 gateway cities for Lendlease to pursue our urbanisation projects. We currently have a presence in 15 of our 17 gateway cities.
Playing into the breadth of Lendlease’s skill set, these cities typically contain large sites ripe for regeneration and infrastructure upgrades.
Gateway cities include London, Singapore, Kuala Lumpur, New York, Boston, Chicago, San Francisco, Sydney, Brisbane and Melbourne.
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