Type Division Number of employees Circa 400 (2008) Motto imagine create Acquisition date 2001 | Key people Toni Milis (Head) Headquarters Sydney, Australia Founded 1958, Adelaide, Australia | |
Industry Real estate development Products Master Planned Communities
Residential Built Form
Town Centres
Private Finance Initiatives
Sales & Leasing Revenue see Lend Lease Corporation | ||
Lend Lease Communities (trading as Lend Lease, formerly Delfin Lend Lease) is the Australian Master Planned Communities arm of property and infrastructure company Lend Lease Corporation, an Australian-based global property and infrastructure solutions company.
Contents
History
Originally named Delfin, the company was established as a 'Development Finance' (Del-fin) arm of the now ANZ bank.
After separation from ANZ, Delfin Property Group was acquired by Lend Lease Corporation in 2001 for $172 million (AUD). Upon acquisition, Delfin Property Group was de-listed and became Delfin Lend Lease, a subsidiary company of Lend Lease Corporation.
As part of corporate restructures in 2009, it was announced that previously separate business units would be merged into an entity known as 'one Lend Lease'. Whilst the announcement of 'one Lend Lease' was based on business structural changes, each business unit retained the individual branding entities. It is thought that this re-structure announcement, and the resultant automatic role demotions of the business unit CEO's, resulted in the resignation of Delfin Lend Lease's then CEO David Keir, who began a post as Managing Director and CEO of the Devine Group later that year.
On 17 Feb 2011 Lend Lease Corporation announced a rationalisation of its brands in order in increase recognition of the Lend Lease name. Some of the group's brands were immediately renamed, however as Lend Lease's primary consumer business, Delfin did not. On 9 September 2011, Delfin Lend Lease officially transitioned to Lend Lease Communities, or Lend Lease for short.
Operations
The company operates across Australia. In all of these states, Lend Lease's Communities Business develops large, master planned communities. The company runs additional businesses in certain markets, this includes built form, town centres, construction and finance depending on size and location of each community.
Over its 50-year history, Lend Lease Communities has developed a number of communities throughout Australia with a high level of backlog land. These communities include:
New South Wales
Queensland
Victoria
South Australia
Northern Territory
Australian Capital Territory
Western Australia