Lend Lease

Imagine Create Lend Lease Leader Partner Lend Lease is one of the leading fully integrated property solutions providers in the world. Our understanding of property enables us to maximise the best property outcomes through the full range of economic and market cycles. Our future lies in building relationships with all stakeholders to deliver the best outcomes imaginable. Our leadership in sustainable practices ensures this will be achieved. Steve McCann Chief Executive Officer and Managing Director Lend Lease Corporation We are partnering with like-minded organisations and governments to deliver the best property outcomes. Over 50 years of property experience Cover image: Bluewater, Kent, UK was conceived by Lend Lease over 15 years ago and remains one of Europe’s most successful retail destinations today. We provide specialist property solutions around the world We are specialists in multiple sectors We operate in more than 35 countries We’ve completed over 5,000 projects Have refurbished and developed over 500 education and healthcare facilities We employ circa 11,000 staff worldwide Have approximately 1,000 trained green building professionals We have over A$11b Funds Under Management Have over 940,000sqm of lettable area of retail assets globally We engage over 350,000 subcontractor employees Each day over a million people work, live or shop in assets we have created Commercial/office, Have built and fitted communications, out over 2,000 offices education, government/ civic, healthcare, industrial/ technology, infrastructure, mixed-use, pharmaceutical/ R&D, residential/senior living, retail and transportation Our capabilities span the full value chain Lend Lease We find Sourcing the best property opportunities We buy Structuring the right deal We fund Providing the right investment solutions We design Creating innovative and sustainable property solutions We build Building and project managing using our global construction reach We manage Continually enhancing the value of property over time Lend Lease is a global, fully integrated property group. We can provide investors and clients with one element of the property value chain or an end-to-end solution. Lend Lease aims to maximise value for all stakeholders at every stage of the property value chain. Our fully integrated property approach Our prOperty value chain Delivering the best property outcomes. Creating and building innovative, sustainable real estate. Enhancing asset values through repositioning. Accessing extensive capital networks. Generating superior returns. Leveraging various procurement models including Public Private Partnerships. Development Management Investment Management Project Management & Construction Asset & Property Management Retail Residential Commercial Infrastructure Retirement A trusted investment partner Track record of collaborating with global/local clients + Proven property expertise and global pipeline + Flexible and creative capital approach Superior = investment performance – We have over 110 institutional clients – Our diverse clients include pension funds, sovereign funds, investment managers and insurance companies – We launched Australia’s first unlisted property trust in 1959 – We have a robust product pipeline – Our investment professionals are property experts with experience in listed and unlisted sectors – We offer clients a range of investment opportunities via funds, clubs, and joint ventures, across the property risk return spectrum – We tailor investment solutions to our clients’ needs – We operate strong corporate governance practices Chicago Imagine shaping the landscape of major cities around the world Other cities we are helping tO shape are: In Chicago alone we have been responsible for the construction of over 260 buildings. . . . . . . . . . . . . . . . . . . . . . Barcelona Boston BrisBane Buenos aires DuBai GlasGow KraKow Kuala lumpur lonDon maDriD manchester melBourne mexico city moscow new yorK praGue shanGhai sinGapore syDney toKyo warsaw washinGton Note: This is a visual representation and the points do not represent the actual buildings or locations. in 1973 lend lease founder Dick Dusseldorp said, “ the time is not far off when companies will have to justify their worth to society with greater emphasis being placed on environmental and societal impact than straight economics.” We believe that every action adds up Sustainability has been an integral part of our culture for more than 50 years. Lend Lease is the only Australian company to be included in all three globally recognised sustainability reputation indices: – 2008 Dow Jones Sustainability Index – 2008 Goldman Sachs JB Were Climate Leadership Index – 2009 Global 100 Lend Lease’s investment management business was the first global property investment manager to become a signatory to the UN Principles for Responsible Investment. Image: Greenwich Peninsula, the £5b landmark London regeneration project covering 80ha – one of the largest ever mixed-use community developments in the UK – is being led by Lend Lease and Quintain Estates. Creating the greenest buildings We delivered Australia’s first 5 Star Green Star – Office As Built building in 2004 Buildings are responsible for 40% of the world’s greenhouse gas emissions and consume a third of the world’s resources. And Australia’s first 6 Star Green Star – Office As Built building in 2008 Imagine buildings that give back to the environment. We are working to achieve this. 30 the BOnD lenD lease syDney heaD Office the gauge lenD lease MelBOurne heaD Office – 50% lower* greenhouse – A further 30% reduction** gas emissions in greenhouse gas emissions and water – 100% fresh air supply – consumption no recirculated component (first large – On-site gas fired scale commercial cogeneration system application of chilled – Black water treatment beams in Australia) plant recycling 92% – Roof garden – the first of water per year for a CBD office building in Australia * Than a typical office building. ** When compared to typical 5 Star Green Star buildings. We are creating sustainable precincts. Victoria Harbour, Australia Army Hawaii, United States Stratford, United Kingdom The Athletes Village is one of the most significant urban developments in the United Kingdom and part of the broader masterplan for a new piece of city in east London. Phase one will deliver: – Up to 3,000 homes (30% affordable) targeting Level 4 of the Code for Sustainable Homes (United Kingdom green building certification) – Over 10ha of open space – An Academy Education campus catering for 1,800 students – Transport facilities and global connections to international stations Developing eco-communities An A$2.5b development, Victoria One of the largest solar-powered Harbour in Melbourne is one of communities in the world, Army Hawaii the largest and most prestigious Family Housing (AHFH) serves nearly waterfront urban renewal projects 20,000 residents. ever undertaken in Australia. At completion in 2015, the project will include 7,900 homes at seven different to be completed in 2020, locations across Oahu. the precinct includes: – 350,000sqm of commercial space army hawaii: – More than 2,000 apartments, – Will have approximately 1,200 duplex units (or 2,400 units) with costincluding key worker units competitive photovoltaic systems – 50,000sqm of retail and which are anticipated to provide up to community facilities – 3ha of parkland and public open space 30% of the community’s energy needs – Is participating in US Green Building with 70% of commercial projects Council’s (USGBC) Leadership now complete, there have been in Energy and Environmental and will continue to be significant Design (LEED®) for Neighborhood achievements in sustainability: Development (ND) pilot program – ANZ Bank headquarters, to be – Actus Lend Lease has partnered with completed in 2009, is targeting the Department of Defense to design, the highest currently available construct and monitor the first Zero sustainability accreditations Energy Homes on any Department – Convesso Concavo residential of Defense Military Installation development, to be completed in 2012, will provide an average 70% reduction in heating and cooling load compared to the Building Code of Australia standard victoria harbour. army hawaii. stratford. stratford. 500 Collins Street, Melbourne Australia Bovis Lend Lease is currently delivering one of Australia’s largest refurbishments, which has achieved a 5 Star Green Star rating for Office Design. to be completed by 2010, 500 collins street includes: – Chilled beams – Dedicated waste storage areas – Solar panels – Water submeters and leak detection system – Low Ozone Depletion Potential (ODP) refrigerants Productivity studies have shown an 11.7% increase* in staff productivity and 39% reduction* in sick leave on refurbished floors. Revitalising old buildings As 80% of the buildings that will exist in 2020 are already standing today, there is a clear need to address the problem of greenhouse gas emissions and energy efficiency in existing building stock. We have the capability to green old buildings, reducing their environmental impact. * Indoor Environment Quality Oakley Thompson study, conducted at 500 Collins Street. carbon – Low carbon energy supply – On/Off-site renewables technology reading – Smart meters – Real time feedback – Future capacity energy – Reduced demand – On-site generation Biodiversity – Promotion of natural habitats – Education/ Engagement healthy buildings – Indoor air quality – Material selection Venturing into the next generation waste treatment – Diversion from landfill – Recycling of materials sustainable transport – Alternatives to car use – Links to public transport – Pedestrian/ Cycling amenity Through design and investment in new technologies, we are committed to delivering the next generation of sustainable precincts. water positive – Rainwater collection – Black water treatment Driving the safety standard Lend Lease is committed to operating Incident & Injury Free wherever we have a presence. We believe that working without fear of injury is a fundamental human right. Providing our people with the right systems and tools to deliver safe outcomes is crucial to achieving our Incident & Injury Free vision. the cOcOOning systeM is useD On the clarenDOn prOject in BOstOn, usa. safety Dashboard Lend Lease has developed a web based safety reporting system to provide a central reference point for all key safety data from across our business. Capturing the right metrics allows management to ask the right questions and take action to improve our safety performance. Buildsafe In establishing a voluntary code of conduct through BuildSafe industry groups in New York and Dubai, Lend Lease has led the charge for higher health and safety standards across the construction industry. Buildsafe NY cocooning system Working at height is one of the greatest risk areas in the construction industry. One of our initiatives to mitigate this has been to introduce a ‘Cocooning’ perimeter protection system to safely encompass the top three working decks of high rise concrete building construction. Bovis Lend Lease is working hard to introduce this as a standard safety requirement across New York City. The Lend Lease Multiplier Effect For every 1 Lend Lease employee, up to 30* external jobs are created. * Figure based on large construction projects, i.e. the new Royal Children’s Hospital, Australia, 2009. 1 :30 * Investing in our people and the community Investing in people is as important as the iconic buildings we create. For more than 50 years we have been committed to creating an environment to inspire and engage our people. This commitment extends beyond our business operations as we take pride in the impact we have on the communities in which we operate. This continues to be a hallmark for the way we do business at Lend Lease. Our people We actively encourage professional excellence through training, mentoring and skills improvement. We also seek to gain an emotional commitment from our employees, with personal development programs like Springboard that engage, inspire and motivate. Established in 1996, Springboard has continually evolved to adapt to the needs of Lend Lease employees, but at its core are our values of Respect, Integrity, Innovation, Collaboration and Excellence. BeOnsite Sponsored by Bovis Lend Lease UK, BeOnsite is a not-for-profit partnership between government, employers and local stakeholders. The organisation aims to offer on-site industry-specific training and employment. Our commitment to skilling and training remains strong across the globe as the new challenge is to ensure trainees and workers are skilled to meet the demands of the new carbon economy. rebuilding communities Following the devastation of the Boxing Day Tsunami in 2004, Lend Lease formed a partnership with UN-Habitat, a United Nations agency. Through this partnership Lend Lease provided financial support and the skills and experience of our employees, who were seconded to aid in the rebuilding of some of Sri Lanka’s hardest-hit communities. Disclaimer The information and data contained in this brochure has been prepared by Lend Lease solely as a guide and does not constitute advice. Whilst every effort has been made to provide accurate and complete information, the information contained in this brochure has been prepared in good faith and with due care, and no representation or warranty (express or implied) is made as to the accuracy, adequacy or reliability of any statements, estimates, opinions, plans, diagrams or other information contained in this brochure. Lend Lease reserves the right to change the contents of this brochure at any time. To the maximum extent permitted by law, Lend Lease and its related bodies corporate and respective directors, officers, employees, agents and advisers disclaim all liability and responsibility (including without limitation any liability arising from fault or negligence) for any direct or indirect loss, damage, cost or expense which may be suffered through the use of or reliance on anything contained in or omitted from the information contained in this brochure. paper specifications This book is printed on Nordset is an environmentally responsible paper produced from FSC (mixed sources) certified pulp from well managed forests and is Elemental Chlorine Free (ECF). Nordset is manufactured by Nordland Papier, a company certified with environmental management systems ISO 14001 and EMAS, the EU Eco-management & Audit Scheme (Reg. No.D-162-00007). Nordset has also been awarded the EU “Flower” Eco-label certification. The Forest Stewardship Council (FSC) is an international not-forprofit, non-government organisation promoting responsible forest management. FSC certification is recognised as a global standard in forest management practices and the Chain of Custody component ensures that the final product can be traced back to a certified source. Cert no. SGS-COC-003898 Diversity in partnerships We have a proud history of forging successful partnerships that are based on trust and mutual understanding. Our stakeholders are diverse. They include our employees, clients, lenders, suppliers, shareholders, governments, regulators, investors and competitors, as well as the broader communities in which we operate. some of our partners include: – AENA (Spanish Airports Authority) – APG ( The Netherlands) – ARIA – Australian Federal and State Governments – Australian Prime Property Fund – BP Retail – British Land – Catholic Archdiocese of Sydney – City Developments Limited – Duke University – Fortius Funds Management – GIC Real Estate – Grosvenor Group – HCA – Health Super – Host Plus Superannuation Fund – Kerry Properties – Kuwait Finance House – Lancashire County Council – Land Securities – Lonza Biologics – Major global financial institutions – McDonald’s – Melton East Land Trust – Merck & Co., Inc. – Nakheel – New YorkPresbyterian Hospital – Northumbria Healthcare NHS Foundation Trust – Pappas Properties, Inc. – PGGM ( The Netherlands) – Prudential UK – Qatari Diar Real Estate Investment Company – Simon Property Group – Stanhope – Suncorp – Sydney Airport Corporation – Sydney Harbour Foreshore Authority – Telefonica S.A – Telstra Super – The Clarett Group – The Roads and Transport Authority Dubai – The University of Sheffield – United Kingdom National and Local Governments – United States Department of Defense – Victorian Funds Management Corporation Our partnerships enhance our performance, spark innovation, sustain our communities and deliver lasting value. corporate Directory Lend Lease Corporation Limited ABN 32 000 226 228 registered Office Level 4, 30 The Bond 30 Hickson Road Millers Point NSW 2000 Australia contact T: 61 (2) 9236 6111 F: 61 (2) 9252 2192 Online www.lendlease.com precinct.com.au www.lendlease.com