Lendlease Annual Report 2022

The theme of this year’s report is renewal, reflecting both the revitalisation of our company under new leadership and the recovery of our gateway cities from the worst pandemic in more than a century. We’ve simplified and streamlined; identified clear pathways to improved profitability; renewed our focus on core capabilities; and strengthened our commitment to creating value for our customers and securityholders. We believe cities will continue to be the lifeblood of human civilisation. Those we target as part of our gateway cities strategy are already rebounding from the social dislocation of COVID. We have placed renewed focus on the growth of our investments platform. In addition to our extensive development pipeline that will create ongoing investment opportunities in new generation assets, we have launched new products that utilise our property expertise and drive outperformance. The conversion of our pipeline of urban renewal projects is on track to achieve our development completion targets. Our placemaking skills are well positioned to add significant value for our stakeholders. Our construction capability is an integral part of our integrated offering, providing certainty and flexibility of delivery. We will continue to focus on delivery excellence for all our customers and investors. Renewal Renewal 19