Property and infrastructure group Lendlease has announced strong revenue for the 12 months up to the end of June, spearheaded by key London developments…
The firm announced a 10% rise in revenue to £667m for its European construction division as well as £830m of new work in the same period.
Progress has been made in its London projects, with the first 235 homes being completed at Trafalgar Place in Elephant & Castle, as well as the start of the first office building at the Queen Elizabeth Olympic Park.
Neil Martin, Lendlease's Managing Director of Construction, said: “Whilst market conditions have been challenging over the past few years, our strategy of pursuing a disciplined approach to work winning is now paying dividends as today's results have shown.”
“We have a strong, stable management team which is focused on securing and executing our robust and varied pipeline.
“Our extensive pipeline positions us for continued growth, bolstered by our strong balance sheet and low-risk profile.”
The developer has also won more contracts in London including the £200m Rathbone Square development just off Oxford Street and the £50m first phase of Stanhope’s Ruskin Square in Croydon.
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