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Wed June 16 2021

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Lend Lease restructures Australian businesses

18 Jun 13 Lend Lease is consolidating its Australian construction and infrastructure business into sector-specific operations.

It is restructuring the Abigroup, Baulderstone, Project Management & Construction and Infrastructure Services businesses into three sector-based operations – one in each of the building, engineering and infrastructure services sectors.

The new structure will take effect from 1 August 2013 and is designed to create more effective and competitive operating businesses with greater efficiency and leverage of skills and expertise.

Lend Lease group chief executive officer and managing director Steve McCann said: “The transition will increase our capacity for growth and facilitate more robust end-to-end client solutions. The combination of core skills in each of these organisations will result in best-in-class delivery capabilities. We will have businesses that compete for the leading market position against our external competitors in each of the engineering, building and infrastructure services sectors. These existing businesses have a rich and long history and this next step of consolidation will acknowledge and build on the success of this proud history.”

The branding of the businesses will be announced following stakeholder consultation during June and July.

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