Lendlease Annual Report 2022

26 Lendlease Annual Report 2022 Execution excellence We have a rich heritage of project management, design and construction excellence across a range of sectors with leading risk, safety and sustainability credentials. The Construction segment provides the delivery capability for our integrated model as well as design, project management and construction services to our customers. This combination enables us to attract the best talent while providing the scale and depth of expertise to maintain industry best practice. Our strategy is to provide delivery excellence for the integrated model and hold a leadership position in target sectors. A key component of the integrated model Our project management skills permeate through our end-to-end real estate offering and are the enabler for the delivery of our urban projects. We expect the future of urbanisation will be increasingly tied to precincts and districts. Our experience strengthens our credentials as a partner of choice. Large integrated projects such as Barangaroo South and Darling Harbour in Sydney and Paya Lebar Quarter in Singapore stand as testament to our delivery capability. Looking forward, we’ll apply this capability to our pipeline of projects including Euston Station in London and our San Francisco Bay Area project. Construction has played a lead role in the origination of some integrated projects. This includes the Darling Harbour precinct where the project commenced as a Public Private Partnership. Confidence in delivery capability and certainty is often the key to securing such projects. Demonstrating delivery certainty at Sydney Place The progress on Salesforce Tower, the centrepiece of the Sydney Place project, highlights our superior delivery expertise and the certainty we provide to investment partners. Our team has navigated a difficult operating environment including COVID and weather disruptions. Innovative design and construction solutions have enhanced value and mitigated risk. The project team used a number of market leading construction methodologies, including the use of a steel structure as well as modular components and pre-fabrication to minimise site works, improve safety, reduce waste and enhance the harbour views from this premium workplace. Salesforce Tower Platinum WELL 1 6 Star Green Star 1 5.5 Star NABERS 1 Leading project management, design and construction capability We combine the benefits of our global scale and the rich heritage of corporate knowledge with a localised capability and network to deliver high quality projects. Specialist design and project management teams combine deep sector knowledge with strong customer relationships to create places that are innovative, sustainable, and commercially successful. We have delivered construction projects around the world for more than six decades, creating hundreds of buildings and precincts. Our construction capability is showcased in workplaces for some of the world’s largest organisations, vibrant retail centres and residential apartments including affordable housing options, state-of-the-art hospitals and other buildings of civic and social importance. More than just building delivery For us, it is more than just the construction of buildings. We are recognised for creating innovative places that stand the test of time and we have been entrusted to create and restore iconic buildings that shape city skylines. Our focus is client satisfaction. A significant proportion of repeat business is testament to being a trusted and strategic partner. We believe our approach to securing, creating and delivering projects to exceed client and investor expectations is key. 1. Targeted.