Lendlease Annual Report 2022

The past year has seen a significant resetting of the organisation with both our talent and financial capital increasingly directed towards leveraging the Group’s core capabilities. We have simplified our operating structure, reduced our cost base, exited non core businesses, and enhanced our market disclosures. All while continuing to be challenged by ongoing COVID disruption. Importantly, our teams have embraced our new operating model and the greater ownership and accountability it provides. We remained disciplined and true to our strategy, securing and converting projects in global gateway cities. We also established new investment partnerships that are expected to contribute to the acceleration in development activity and grow our funds under management. Year in Review Year in review 5