Lendlease News, Projects and Contracts | Construction News

Defence framework bears fruit for Lendlease

Ben Vogel — Fri, 05 Jul 2024 16:35:22 +0000

Lendlease Construction Europe has been awarded three contracts for British Army facilities under a broader £5.1bn Ministry of Defence (MoD) framework. The contractor said today (5 July) that the deals, worth a combined £450m, were procured under the Defence Estate Optimisation (DEO) Army Programme by…

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Lendlease sale a sprint, not a marathon

Ben Vogel — Wed, 19 Jun 2024 11:13:00 +0000

The head of Lendlease Europe’s construction operations says he wants to find a buyer for the business “at pace” Simon Gorski is a man in a hurry. As the boss of Lendlease Europe’s construction operations, he is looking to line up a buyer for the…

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Lendlease UK operation to be sold ‘by end of 2025’

Colin Marrs — Tue, 28 May 2024 11:33:31 +0000

Lendlease Group is confident of selling its UK operation by the end of next year, it said today after announcing it was withdrawing from construction markets outside of Australia. In explaining why it was pulling out of its overseas markets, the firm described them as…

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Lendlease profit hit by Leeds hospital dispute

Joshua Stein — Mon, 08 Apr 2024 12:08:18 +0000

Lendlease’s profit fell by more than a third after it failed to recoup millions of pounds on a Leeds hospital construction project, according to its annual results published today (8 April). The contractor said it had been “virtually certain of success” when it tried to…

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Lendlease reports fresh loss as cladding costs bite again

Joshua Stein — Mon, 19 Feb 2024 12:43:28 +0000

Lendlease has reported an A$173m (£89.7m) pre-tax loss in interim results after making further provisions to deal with dangerous cladding in the UK. The publicly listed Australian contractor and developer has put aside a further A$22m (£11.4m) to tackle its historic building-safety liabilities in the…

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10 companies to watch in 2024

Ian Weinfass — Wed, 03 Jan 2024 11:00:10 +0000

Which companies are likely to have the biggest impact on the industry in the year ahead? ISG In November, ISG felt moved to issue a statement denying “unsubstantiated, wholly inaccurate and false claims” about its financial health”. However, it did not elaborate on the nature…

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Lendlease loses £3m fire-safety case against Aecom

Charlotte Banks — Tue, 21 Nov 2023 12:36:15 +0000

A judge has dismissed Lendlease’s attempt to sue Aecom for £3m over fire-safety defects at a cancer centre it worked on in Yorkshire. Justice Stephen Eyre said he would have found the consultancy liable for eight defects if Lendlease had brought the legal action about…

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Revealed: the top contractors for Ministry of Justice

Ian Weinfass — Fri, 25 Aug 2023 11:45:48 +0000

ISG was the biggest contractor by spend for the Ministry of Justice (MoJ) in the latest financial year, Construction News can reveal. CN obtained data on the MoJ’s spending in 2022/23 under the Freedom of Information Act. The spend includes that by HM Courts &…

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Lendlease wins £150m Gateshead conference centre job

Greg Pitcher — Tue, 22 Aug 2023 14:14:23 +0000

Lendlease is set to build a £150m events hub in the North East. The firm was appointed by developer Ask:Patrizia to deliver the Sage International Conference Centre within the Gateshead Quays scheme. Councillors last month approved revised plans for the broader redevelopment of this part…

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Lendlease posts £122m pre-tax loss

Catherine Moore — Tue, 15 Aug 2023 08:26:02 +0000

Lendlease has posted a A$238m (£122m) pre-tax loss for the year ending June 2023. In the same period last year, the Australian firm posted a A$177m (£90.5m) pre-tax loss. The company attributed the losses to “industry-wide action by the UK Government relating to residential buildings”.…

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