Lend Lease Corporation Limited is an Australian-based multinational property management
and investment company. It was formed in 1951 as "Civil and Civic contractors",
an Australian subsidiary of the Dutch building company Bredero's. The present
corporate structure began in 1958 with a listing on the Australian Stock
Exchange and a change to the current name; Civil and Civic retained a large stake
in the new, floated corporation, but was bought out by Lend Lease itself in
1961.
The company operates in more than 40 countries around the world.
In all of these, the Bovis Lend Lease division constructs and manages large
building projects. Amongst its many commercial projects, the company was involved
in the construction of major public buildings such as the Sydney Opera House
and Melbourne Park. The company runs additional businesses in certain markets:
The
current Chief Executive Officer is Greg Clarke, a former head
of British telecommunications firm Cable and Wireless who took up the position
in December 2002. The chairman of the board of directors is David Crawford, formerly
the head of KPMG Australia and a director of a number of other companies.
Lend
Lease has just over 9,000 employees worldwide. It made an after-tax
operating profit of A$237 million in 2003-04, and has a market capitalisation
of about $4.1 billion, and manages about $19.6 billion in assets. |
