the company . for the world war ii program see lend lease . lendlease group type public traded as asx llc industry construction infrastructure and real estate founded 1958 sydney headquarters millers point new south wales australia area served worldwide key people david crawford chairman steve mccann ceo and managing director products asset and property management building engineering infrastructure development investment management and services asset and investment legal services . revenue 15 088.5 million 2016 1 net income 698 million 2016 1 number of employees over 11 000 2016 2 subsidiaries lend lease investment management lend lease project management & construction lend lease residential development lend lease communities lend lease development lend lease infrastructure lend lease public private partnerships lend lease apartment lend lease venture capital lend lease retirement website www.lendlease.com lendlease group is a multinational property and infrastructure company headquartered in sydney australia . contents 1 history 2 development management 2.1 americas 2.1.1 soaring heights at davis monthan afb tucson arizona usa 3 operations 4 ap x expansion 5 reception 6 references 7 external links history edit the company was established by dick dusseldorp 3 to provide finance for building contracts being undertaken by civil and civic . in 1961 the company acquired civil and civic from bredero s bouwbedrijf . citation needed in 1999 the company formed actus lend lease with the acquisition of actus corporation s milcon 4 and technical service construction management business and augmented this business with professionals from lend lease design and lend lease development . also in 1999 the company acquired bovis from p & o which now forms lend lease project management & construction . 5 then in 2000 it bought amresco s commercial mortgage business 6 in 2001 lend lease acquired delfin property group now lend lease communities for 172 million . 7 it went on to buy crosby homes 4 now lend lease residential development for circa 240 million in 2005 . in 2005 the company moved its headquarters from australia square in sydney to the bond on hickson road . citation needed in 2009 lend lease corporation acquired babcock and brown communities 8 rebranding the business as lend lease primelife . at the time this acquisition made lend lease australia s largest provider of retirement villages . 9 10 in 2010 lend lease announced their first foray into the consumer market with lend lease solar . 8 the subsidiary was wound up in early 2011 with no explanation as to why the division had closed . 11 as of 17 feb 2011 lend lease announced wider ranging changes to its group of brands . this announcement means the retirement of the bovis delfin vivas catalyst and primelife brands which will now referred to using the unified lend lease brand . 12 in late february 2011 lend lease acquired dasco in order to position itself to take advantage of the impending obama administration health sector boom . the company was immediately rebranded as lend lease dasco and operates independently of the lend lease americas business . in march 2011 lend lease completed the acquisition of valemus group 4 previously known as bilfinger berger australia from bilfinger berger group subsidiaries of valemus include abigroup baulderstone and conneq formerly bilfinger berger services . the valemus brand was retired and replaced with lend lease in 2011 . 13 in late 2012 the victorian government instituted a ban on lend lease to tender for government work due to laws to prohibit friendly deals between building contractors and trade unions . 14 development management edit americas edit soaring heights at davis monthan afb tucson arizona usa edit soaring heights is one of lend lease s public partnerships business in the us . the 6 mw solar development at soaring heights communities llc is the largest solar powered community in the continental u.s. producing more than 10 million kilowatt hours of electricity providing an estimated 75 percent of the community s energy needs . 15 operations edit the company operates in more than 40 countries around the world . 8 in all of these the lend lease project management & construction division constructs and manages large building projects . the company runs additional businesses in certain markets including apartment development greenfield residential development investment management of unlisted property funds property management real estate sales and leasing public private partnerships infrastructure development and venture capital investment in innovative technologies . some operation projects are these lend lease investment management is the largest developer of public private defence housing in the united states . the company also owns retail assets throughout the us . lend lease project management & construction previously bovis lend lease was the major contractor for the ground zero memorial in new york 16 in addition to a number of other major public buildings throughout the us . lend lease dasco is a united states leader in the development financing leasing and management of medical office buildings and outpatient facilities . lend lease specialised exclusively in the development of medical real estate for more than 23 years has developed more than 3.8 million square feet acquired 1.5 million square feet and currently manages more than 2.0 million square feet of medical office space . 17 lend lease project management & construction previously bovis lend lease constructs significant projects for lend lease s investment management business and lend lease s development business . post construction lend lease s retail business manage the day to day operations of retail assets . in asia lend lease operations throughout singapore malaysia china japan & taiwan . projects and assets include the construction of the petronas towers . 18 lend lease development concentrates on large scale urban regeneration in key areas . currently the group has secured significant urban regeneration projects in sydney at barangaroo south 19 in melbourne at docklands victoria 20 in brisbane at the rna showgrounds 21 the green and around adelaide s adelaide oval . lend lease communities previously delfin lend lease falls within lend lease development and is australia s largest developer of master planned communities . one of lend lease s more controversial communities projects is their development for housing and industry of the former australian defence industries adi land at st marys ropes crossing & jordan springs 22 in western sydney . their adi property is the largest intact area of the biodiverse and endangered plant community the cumberland plain woodland . some of the group s major communities projects include springfield lakes queensland 23 caroline springs victoria 24 alkimos western australia 25 and mawson lakes south australia 26 lend lease project management & construction previously bovis lend lease operates across australia both for internal lend lease businesses and external clients . the project management & construction business was previously known as civil & civic and was successful in constructing australia s first 5 star as built the bond sydney lend lease s global headquarters and 6 star as built the gauge melbourne commercial buildings . the project management & construction business has undertaken a range of significant and iconic buildings including queensland gallery of modern art royal children s hospital gold coast university hospital anz centre aurora tower brisbane aurora place sydney & sunshine plaza sunshine coast . lend lease retirement 27 previously retirement by design and primelife operates retirement living 27 serviced apartments 28 and aged care 29 living options across the country . in addition lend lease s retirement 10 business is australia s largest retirement communities developer . 30 lend lease investment management owns and operates built form investments on behalf of the group and various unlisted fund investors . the business manages a number of major retain centre including cairns central sunshine plaza lakeside joondalup mid city centre and greensborough plaza . the group also manages investment portfolios which include part of the central plaza complex in brisbane and other a grade office retail industrial and community development sites around the country . lend lease infrastructure previously both valemus and bilfinger berger australia is the second largest construction and engineering specialist business in australia . 31 major projects undertaken by lend lease infrastructure to date include adelaide oval redevelopment completed in march 2014 the national september 11 memorial and museum completed in september 2011 sydney opera house 32 completed in 1973 33 anzac bridge 34 completed in 1995 35 graham farmer freeway completed in 2000 36 kurilpa bridge completed in 2009 37 clem jones tunnel completed in 2010 38 gateway bridge duplication 39 completed in 2011 40 lend lease public private partnerships utilises a stake in the investment vehicle capella capital . lend lease provides equity where appropriate for capella capital projects with lend lease being the preferred developer builder project manager construction contractor on the investment . 41 recent public private partnership involved intercontinental hotels group and lend lease us where they joined forces in the privatization of army lodging to deliver quality hotel experience to united states army soldiers their families and official guests of the united states army . this partnership created ihg army hotels a division of intercontinental hotels group . 42 lend lease project management & construction previously bovis lend lease operates throughout the european union and the middle east on various property and infrastructure related construction projects . lend lease s projects in this region include the torino 2006 winter games facility durrat al bahrain 43 warsaw trade tower prague ruzyn airport t2 & sheremetyevo international airport t3 moscow . lend lease investment management operates and manages assets owned by lend lease managed property funds . these include shopping centres such as bluewater 44 touchwood solihull and previously the overgate centre also operates a retail development investment business in the uk the third largest in that market and is a developer of retail properties in its own right . it also conducts many public private partnership developments with the uk government particularly concentrating on hospital and defence housing estate developments . lend lease residential development previously crosby lend lease has been designing and constructing homes for over 80 years . the business now focuses primarily on inner city urban regeneration opportunities within the uk . projects include i land birmingham clarence dock leeds hungate york & potato wharf manchester . lend lease project management & construction previously bovis lend lease has significant history in the uk having originated in the 1850s as w c bovis . the division constructed the 2012 london olympic games village london s millennium dome the curve theatre leicester media city uk royal festival hall & bbc s scotland headquarters the company has built managed and operated eight major private finance initiative hospitals in the uk . ap x expansion edit in 2013 lend lease was criticized for their involvement in proposals to enlarge a coal port terminal on the edge of the great barrier reef . proposals included dredging and the dumping of material in the sea . 45 bloomberg reported in february 2014 that lend lease did not take part in the planned expansion after a mandate for the project lapsed . 46 reception edit in 2015 lend lease was recognized for commitment in sustainable real estate practices for retail and office developments . 47 references edit a b lend lease annual report 2016 . phx.corporate ir.net . retrieved 2015 02 28 . fast facts . lend lease . 2013 06 30 . retrieved 2015 02 28 . company chief who delivered in spades for clients shareholders . http www.smh.com.au . the sidney morning herald . retrieved 6 october 2015 . external link in website help a b c history and achievements . lend lease . retrieved 2015 02 28 . rogers david 2009 02 23 . lend lease offers olympic work to bovis rivals online news . building . retrieved 2015 02 28 . lend lease completes purchase of amresco mortgage holdings . free online library . thefreelibrary.com . retrieved 2015 02 28 . lend lease . lend lease . retrieved 2015 02 28 .