Lend Lease Communities

Lend Lease Communities (trading as Lend Lease, formerly Delfin Lend Lease) is the arm of property and infrastructure company Lend Lease Corporation that is responsible for building new urban residential developments.

Lend Lease Communities
(trading as Lend Lease)
Division
IndustryReal estate development
Founded1953 (Sydney, Australia)[1]
HeadquartersSydney, Australia
Key people
Toni Milis (Head)
ProductsMaster Planned Communities
Residential Built Form
Town Centres
Private Finance Initiatives
Sales & Leasing
Revenuesee Lend Lease Corporation
Number of employees
Circa 400 (2008)
SubsidiariesLend Lease Residential
Lend Lease Communities Town Centres
Lend Lease Realty
Lend Lease Property Management
Websitecommunities.lendlease.com

History

Delfin began as the Development Finance Company Ltd (DFC) established by John Marks (later Sir John) in 1953. DFC became a public company in 1957 and was listed on the stock exchange in 1959. The purpose of DFC was to serve as an "investment banking service" that would "assist Australia’s industrial development by providing long-term finance and permanent capital to Australian companies."[1] The abbreviation “DelFin” was used in the names of some of DFC’s subsidiary companies.[2]:24

DFC entered the real estate development market in 1969 via a indenture signed by its subsidiary, Delfin Management Services Pty Ltd and the Government of South Australia to built a real estate development to be called “West Lakes” in the upper estuary of the Port River (known as the Upper Port Reach) to the north-west of the Adelaide city centre.[3][2]:25

In 1983, DFC was acquired by ANZ Bank.[2]:30

After separating 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.[4]

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'. While the announcement of 'one Lend Lease' was based on business structural changes, each business unit retained the individual branding entities.

It is thought this re-structure announcement, and the resultant automatic role demotions of the business unit CEOs, resulted in the resignation of Delfin Lend Lease's then CEO David Keir.[5]

On 17 February 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,[6] however as Lend Lease's primary consumer business, Delfin did not.[7] On 9 September 2011, Delfin Lend Lease officially transitioned to Lend Lease Communities, or Lend Lease for short.[8]

Operations

The company operates across Australia. In all states, Lend Lease's Communities Business develops large, master-planned communities. The company runs additional businesses[9] in certain markets. This includes built form, town centres, construction and finance, depending on the size and location of each community.[10]

Over its 50-year history, Lend Lease Communities has developed a number of communities throughout Australia with a high level of backlog land.[11] These communities include:

New South Wales


Queensland

  • Forest Gardens, Cairns (current)[17]
  • Riverside Gardens, Townsville (completed 2009)
  • Forest Lake, Queensland, Brisbane (completed 2004)
  • Hyatt Coolum, Sunshine Coast (current)[18]
  • Twin Waters, Sunshine Coast (completed 2009)
  • North Shore, Sunshine Coast (completed 2006)
  • The Rocky Springs Project, Townsville (upcoming)[19]
  • Springfield Lakes, Ipswich (current)[20]
  • Vantage at Springfield Central (upcoming - apartments)[21]
  • Spring Mountain, Ipswich (upcoming)
  • Ripley Valley, Ipswich (upcoming) joint venture with Sekisui
  • Varsity Lakes, Gold Coast (current)[22]
  • Woodlands, Brisbane (current)[23]
  • Yarrabilba, Brisbane (upcoming)[24]
  • Fernbrooke Ridge, Redbank Plains (current)[25]
  • Logan Reserve, South East Queensland (upcoming)


Victoria

  • Caroline Springs, Melbourne (current)[26]
  • Craigieburn, Melbourne (current)[27]
  • Edgewater, Melbourne Inner City (current)[28]
  • Lakeside Pakenham, Melbourne (current)[29]
  • Laurimar, Melbourne (current)[30]
  • Atherstone, Melbourne (upcoming)


South Australia

  • Golden Grove, Adelaide (completed)
  • West Lakes, Adelaide (completed)
  • Mawson Lakes, Adelaide (current)[31]
  • Gawler East, Gawler (upcoming)
  • Blakes Crossing, Adelaide (current)[32]


Northern Territory

  • Fairway Waters, Darwin (completed)
  • The Chase, Darwin (completed)


Australian Capital Territory

  • Forde, Canberra (current)[33]
  • Springbank Rise, Canberra (current)[34]


Western Australia

  • Alkimos, Perth (upcoming)[35]
  • Coolbellup, Perth (upcoming)

See also

References
  1. Bain, Jim (2012). "Marks, Sir John Hedley Douglas (1916–1982)". Australian Dictionary of Biography, National Centre of Biography. Australian National University. Retrieved 26 July 2019. first published in hardcopy in Australian Dictionary of Biography, Volume 18, (MUP), 2012
  2. Martin, Brian (2013), Delfin : West Lakes and beyond : a developer's diary, Brian Martin, pp. 24–27 & 30–31, retrieved 21 July 2019
  3. "West Lakes Development Act, 1969" (PDF). Government of South Australia. 20 November 1969. pp. 228 & 234. Retrieved 26 July 2019.
  4. "Lend Lease buys Delfin". Archived from the original on 13 December 2010. Retrieved 8 February 2011.
  5. http://www.architectureanddesign.com.au/article/Brisbane-developer-announces-new-CEO/510478.aspx
  6. http://www.lendleaseseniorliving.com.au/
  7. http://www.delfinlendlease.com.au/magazine/delfin/blueprint/pages/page3.swf
  8. http://laurimaronline.com.au/Delfin-is-now-Lend-Lease/default.aspx
  9. http://www.lendleaseseniorliving.com.au/retirement
  10. Delfin Lend Lease Approach
  11. Delfin Lend Lease gets set for record build
  12. http://www.lendlease.com/en/Group/Lend-Lease/Australia/Projects.aspx?ev=2,0&key=Bingara
  13. http://www.lendlease.com/en/Group/Lend-Lease/Australia/Projects/nelsons-ridge.aspx
  14. http://www.lendlease.com/en/Group/Lend-Lease/Australia/Projects/ropes-crossing.aspx
  15. http://www.lendlease.com/en/Group/Lend-Lease/Australia/Projects/the-new-rouse-hill.aspx
  16. "Archived copy". Archived from the original on 21 March 2012. Retrieved 16 February 2012.CS1 maint: archived copy as title (link)
  17. http://www.lendlease.com/en/Group/Lend-Lease/Australia/Projects/forest-gardens.aspx
  18. http://www.lendlease.com/en/Group/Lend-Lease/Australia/Projects/hyatt-coolum.aspx
  19. http://www.lendlease.com/en/Group/Lend-Lease/Australia/Projects/rocky-springs.aspx
  20. "Archived copy". Archived from the original on 21 March 2012. Retrieved 16 February 2012.CS1 maint: archived copy as title (link)
  21. "Archived copy". Archived from the original on 21 March 2012. Retrieved 16 February 2012.CS1 maint: archived copy as title (link)
  22. http://www.lendlease.com/en/Group/Lend-Lease/Australia/Projects/varsity-lakes.aspx
  23. http://www.lendlease.com/en/Group/Lend-Lease/Australia/Projects/woodlands.aspx
  24. http://www.lendlease.com/en/Group/Lend-Lease/Australia/Projects/yarrabilba.aspx
  25. http://www.lendlease.com/en/Group/Lend-Lease/Australia/Projects/fernbrooke-ridge.aspx
  26. http://www.lendlease.com/en/Group/Lend-Lease/Australia/Projects/caroline-springs.aspx
  27. http://www.lendlease.com/en/Group/Lend-Lease/Australia/Projects/craigieburn.aspx
  28. http://www.lendlease.com/en/Group/Lend-Lease/Australia/Projects/edgewater.aspx
  29. http://www.lendlease.com/en/Group/Lend-Lease/Australia/Projects/lakeside-pakenham.aspx
  30. http://www.lendlease.com/en/Group/Lend-Lease/Australia/Projects/laurimar.aspx
  31. http://www.lendlease.com/en/Group/Lend-Lease/Australia/Projects/mawson-lakes.aspx
  32. http://www.lendlease.com/en/Group/Lend-Lease/Australia/Projects/blakes-crossing.aspx
  33. http://www.lendlease.com/en/Group/Lend-Lease/Australia/Projects/forde.aspx
  34. http://www.lendlease.com/en/Group/Lend-Lease/Australia/Projects/springbank-rise.aspx
  35. http://www.lendlease.com/en/Group/Lend-Lease/Australia/Projects/alkimos.aspx
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