Lendlease News, Projects and Contracts | Construction News

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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Lendlease to cut 10% of its global workforce

Fiona Nicolson — Wed, 19 Jul 2023 16:32:00 +0000

Lendlease is cutting 760 jobs – 10 per cent of its global workforce. The Sydney-headquartered developer and contractor has not specified what job roles will be cut, nor which regions will be worst-affected by the changes. However, it said its Australian workforce will see a…

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Lendlease appoints new Europe boss

Catherine Moore — Mon, 03 Jul 2023 11:19:35 +0000

Lendlease has appointed Andrea Ruckstuhl as its new chief executive for Europe. Ruckstuhl (pictured), who has been the company's head of Italy and Continental Europe for several years, takes over from former Europe chief executive Neil Martin, who is set to retire by the end…

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Zero diesel – a clear direction of travel?

Ben Vogel — Wed, 21 Jun 2023 11:06:29 +0000

As the Zero Diesel Sites Route Map is launched, CN asks if it will be a rocky road to follow The construction sector is seeking operational dividends by introducing green onsite plant to align with the government’s net-zero 2050 commitment. However, implementing change is complicated…

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Seven contractors named for £5.1bn defence estate optimisation

Ben Vogel — Thu, 11 May 2023 11:58:57 +0000

Seven contractors have won a place on a new £5.1bn, 10-year Strategic Alliance Contract from the Ministry of Defence (MoD). Galliford Try, Graham, ISG, Kier, Laing O’Rourke, Lendlease and Morgan Sindall will conduct the design-and-build elements of a new delivery, commercial and procurement strategy process…

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