Key Developments: Lend Lease Corporation Ltd (LLESF.PK)
9.50USD
3 Jun 2013
$-0.10 (-1.04%)
$9.60
$9.50
$9.50
$9.50
300
2,314
$11.23
$6.95
Latest Key Developments (Source: Significant Developments)
Lend Lease Corporation Ltd Sees FY 2013 Guidance In Line With Market Expectations
Lend Lease Corporation Ltd announced that for fiscal 2013, it confirms that the Company is on track to deliver a solid result in line with market expectations. Full Article
Lend Lease Corporation Ltd Announces Changes To Australian Construction And Infrastructure Businesses
Lend Lease Corporation Ltd announced it is restructuring its Australian construction and infrastructure business, through the consolidation of its Abigroup, Baulderstone, Project Management & Construction and Infrastructure Services businesses. The strengths of these four businesses will be transitioned into sector-based businesses – one business in each of the building, engineering and infrastructure services sectors. The new structure will take effect from August 01, 2013. Full Article
Lend Lease Corporation Ltd Consortium Announces Financial Close For Bendigo Hospital Project
Lend Lease Corporation Ltd announced that financial close has been reached with the Victorian State Government to enter into a $630 million Public Private Partnership (PPP) to design, construct, maintain and finance the new Bendigo Hospital. Lend Lease is part of the Exemplar Health consortium which also includes Capella Capital, Siemens and Spotless. The new Bendigo Hospital will feature 372 in-patient beds, 10 operating theatres, an integrated cancer centre, a mental health unit and a helipad in addition to a mix of small commercial developments. The works include a new hospital in addition to some minor refurbishment of heritage buildings. Full Article
Lend Lease Corporation Ltd Signs Agreement For AUD 1 Billion Waterbank Redevelopment in Perth
Lend Lease Corporation Ltd announced that it has signed the Project Development Agreement (PDA) with the Metropolitan Redevelopment Authority (MRA) for the AUD 1 billion Waterbank urban regeneration project in Perth. The formal signing of this agreement follows Lend Lease’s selection in November 2011 as the preferred developer. Waterbank is a key urban regeneration precinct within the State Government’s Riverside project situated on a six hectare site on the banks of the Swan River. The redevelopment is proposed to include over 600 residential apartments, commercial office space, a hotel, a variety of retail uses and substantial public spaces. With the PDA now in place, Lend Lease will work closely with the MRA in the design and planning for the project ahead of the expected commencement of construction in 2014, with completion expected in 2021. Full Article
Lend Lease Corporation Ltd Secures EUR 170 Million Construction Project In London
Lend Lease Corporation Ltd announced that has secured a EUR 170 million (circa AUD 264 million) construction contract with Land Securities for two new buildings, The Zig Zag Building and Kings Gate on the site of the former Kingsgate House, in central London. Lend Lease’s project management and construction business will undertake the construction, involving demolition of the existing office block and replacing it with two buildings. The first building, The Zig Zag Building, is a 12 storey commercial and retail block, and the second, Kings Gate, is a 14 storey residential building for up to 100 high end apartments. Completion of the project is expected in 2015. Full Article
Lend Lease Corporation Ltd Secures Contract From Cbus Property
Lend Lease Corporation Ltd announced that Baulderstone, part of its construction and infrastructure business in Australia, has been awarded a circa AUD 140 million contract by Cbus Property to build Melbourne's new City West Police Complex. This contract will involve the design and construction of nine floors of contemporary office space for Victoria Police's criminal investigation teams, a purpose-built police station, as well as parking facilities for 300 vehicles. Demolition of the existing buildings is currently underway and project completion is scheduled for March 2015. Full Article
Lend Lease Corporation Ltd Announces Public Finance Initiative Hospital Contract In Italy
Lend Lease Corporation Ltd announced that it has been selected as preferred bidder by Azienda ULSS 9 Treviso to lead a consortium to design and build a EUR 200 million (circa AUD 252 million) hospital in Treviso, Italy, and provide facility management services over the 21 year concession period. The project comprises 90,000 square meters of new construction, including a high technology building housing 22 operating theatres and a range of care facilities covering intensive care, radiotherapy, microbiology, nuclear medicine, laboratories and patient wards. Full Article
Lend Lease Corporation Ltd Announces FY 2012 Final Distribution
Lend Lease Corporation Limited announced a final distribution of AUD 0.22 per share for the year ended June 30, 2012. The record date is September 12, 2012 and the distribution will be paid on September 28, 2012. Full Article
Crown Limited Signs Exclusive Dealing Agreement With Lend Lease Corporation Limited
Crown Limited announced that it has signed an Exclusive Dealing Agreement with Lend Lease Corporation Limited in relation to a proposed development of a six star hotel resort at Barangaroo South, Sydney. Under the Exclusive Dealing Agreement, Lend Lease and Crown will work together to develop the plans for a six star hotel resort at the AUD 6 billion Barangaroo Project. The Exclusive Dealing Agreement provides Crown with the right to work exclusively with Lend Lease for a period of up to 24 months to reach agreement on certain key milestones for the hotel resort and to obtain the necessary development approvals for the project, including from the Barangaroo Delivery Authority and the New South Wales Government. Crown and Lend Lease will work together to jointly develop the concept plan for the hotel resort which is expected to be located on a site to be agreed with the Government on the north west corner of Barangaroo South, adjacent to Sydney Harbour and Barangaroo Central. Full Article
Lend Lease Corporation Limited Completes Issue Of SGD 275 Million Of Senior Unsecured Notes
Lend Lease Corporation Limited announced the completion of its issue of SGD 275 million denominated senior unsecured notes, maturing in July 2017. The proceeds will be used for general business purposes. Full Article
UPDATE 1-Lend Lease H1 jumps as Aussie property catches foreign eye
SYDNEY, Feb 18 - Australia's Lend Lease Corp Ltd saw first-half profits jump 39 percent on commercial sales for its $6 billion Barangaroo Sydney waterfront development -- a project that has underscored growing interest in Australian property from foreign sovereign funds.
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