Lendlease News, Projects and Contracts | Construction News https://www.constructionnews.co.uk Read UK Construction Industry News, Analysis, Opinion and data Tue, 05 Nov 2024 14:38:43 +0000 en-GB hourly 1 https://wordpress.org/?v=6.0 https://emap-romulus-prod.s3.eu-west-1.amazonaws.com/wp-content/uploads/sites/8/2023/07/favicon-cn192-70x70.png Lendlease News, Projects and Contracts | Construction News https://www.constructionnews.co.uk 32 32 https://www.constructionnews.co.uk/wp-content/themes/mbm-mops-2017/images/logo.gif Construction News https://www.constructionnews.co.uk 125 75 Read UK Construction Industry News, Analysis, Opinion and data Manchester Town Hall costs soar by £100m https://www.constructionnews.co.uk/buildings/delays-push-lendlease-town-hall-costs-up-by-100m-31-10-2024/ https://www.constructionnews.co.uk/buildings/delays-push-lendlease-town-hall-costs-up-by-100m-31-10-2024/#respond Thu, 31 Oct 2024 12:45:24 +0000 https://www.constructionnews.co.uk/?p=508306 The costs of a landmark Lendlease project in Manchester have spiralled by nearly £100m amid “hyperinflation”, dozens of subcontractor claims and unexpected nesting falcons. Lendlease’s mammoth restoration of the Grade II* listed Manchester Town Hall was originally due to complete by June this year. In…

The post Manchester Town Hall costs soar by £100m appeared first on Construction News.

]]> https://www.constructionnews.co.uk/buildings/delays-push-lendlease-town-hall-costs-up-by-100m-31-10-2024/feed/ 0 Lendlease loss tops £700m as remediation provision surges https://www.constructionnews.co.uk/contractors/lendlease/lendlease-loss-tops-700m-as-remediation-provision-surges-20-08-2024/ Tue, 20 Aug 2024 10:24:18 +0000 https://www.constructionnews.co.uk/?p=504276 Lendlease has blamed substantial restructuring costs, as it posted a £700m-plus financial loss across its global operations. The Australian contractor also revealed that its remediation provision for building-safety work in the UK had surged to A$365m (£188.9m) – a jump of nearly A$50m (£25.9m) in…

The post Lendlease loss tops £700m as remediation provision surges appeared first on Construction News.

]]> Lendlease construction head steps down amid sale https://www.constructionnews.co.uk/peoplemoves/lendlease-construction-head-steps-down-amid-sale-30-07-2024/ Tue, 30 Jul 2024 10:28:08 +0000 https://www.constructionnews.co.uk/?p=503224 Lendlease’s UK construction boss has stepped down, two months after the firm’s Australian parent company announced it would sell the business. Simon Gorski, who has been managing director for European construction for five years, will depart despite telling Construction News last month that he would…

The post Lendlease construction head steps down amid sale appeared first on Construction News.

]]> Defence framework bears fruit for Lendlease  https://www.constructionnews.co.uk/contractors/lendlease/defence-framework-bears-fruit-for-lendlease-05-07-2024/ Fri, 05 Jul 2024 16:35:22 +0000 https://www.constructionnews.co.uk/?p=501960 Lendlease Construction Europe has been awarded three contracts for British Army facilities under a broader £5.1bn Ministry of Defence (MoD) framework. The contractor said today (5 July) that the deals, worth a combined £450m, were procured under the Defence Estate Optimisation (DEO) Army Programme by…

The post Defence framework bears fruit for Lendlease  appeared first on Construction News.

]]> Lendlease sale a sprint, not a marathon https://www.constructionnews.co.uk/contractors/lendlease/lendlease-sale-a-sprint-not-a-marathon-19-06-2024/ Wed, 19 Jun 2024 11:13:00 +0000 https://www.constructionnews.co.uk/?p=501012 The head of Lendlease Europe’s construction operations says he wants to find a buyer for the business “at pace” Simon Gorski is a man in a hurry. As the boss of Lendlease Europe’s construction operations, he is looking to line up a buyer for the…

The post Lendlease sale a sprint, not a marathon appeared first on Construction News.

]]> Lendlease UK operation to be sold ‘by end of 2025’ https://www.constructionnews.co.uk/contractors/lendlease/lendlease-to-pull-out-of-uk-construction-market-28-05-2024/ Tue, 28 May 2024 11:33:31 +0000 https://www.constructionnews.co.uk/?p=499961 Lendlease Group is confident of selling its UK operation by the end of next year, it said today after announcing it was withdrawing from construction markets outside of Australia. In explaining why it was pulling out of its overseas markets, the firm described them as…

The post Lendlease UK operation to be sold ‘by end of 2025’ appeared first on Construction News.

]]> Lendlease profit hit by Leeds hospital dispute https://www.constructionnews.co.uk/financial/lendlease-profit-hit-by-leeds-hospital-dispute-08-04-2024/ Mon, 08 Apr 2024 12:08:18 +0000 https://www.constructionnews.co.uk/?p=497019 Lendlease’s profit fell by more than a third after it failed to recoup millions of pounds on a Leeds hospital construction project, according to its annual results published today (8 April). The contractor said it had been “virtually certain of success” when it tried to…

The post Lendlease profit hit by Leeds hospital dispute appeared first on Construction News.

]]> Lendlease reports fresh loss as cladding costs bite again https://www.constructionnews.co.uk/contractors/lendlease/lendlease-reports-fresh-loss-as-cladding-costs-bite-again-19-02-2024/ Mon, 19 Feb 2024 12:43:28 +0000 https://www.constructionnews.co.uk/?p=494516 Lendlease has reported an A$173m (£89.7m) pre-tax loss in interim results after making further provisions to deal with dangerous cladding in the UK. The publicly listed Australian contractor and developer has put aside a further A$22m (£11.4m) to tackle its historic building-safety liabilities in the…

The post Lendlease reports fresh loss as cladding costs bite again appeared first on Construction News.

]]> 10 companies to watch in 2024 https://www.constructionnews.co.uk/sections/long-reads/10-companies-to-watch-in-2024-03-01-2024/ Wed, 03 Jan 2024 11:00:10 +0000 https://www.constructionnews.co.uk/?p=491169 Which companies are likely to have the biggest impact on the industry in the year ahead? ISG In November, ISG felt moved to issue a statement denying “unsubstantiated, wholly inaccurate and false claims” about its financial health”. However, it did not elaborate on the nature…

The post 10 companies to watch in 2024 appeared first on Construction News.

]]> Lendlease loses £3m fire-safety case against Aecom https://www.constructionnews.co.uk/legal/lendlease-loses-3m-fire-safety-case-against-aecom-21-11-2023/ Tue, 21 Nov 2023 12:36:15 +0000 https://www.constructionnews.co.uk/?p=489060 A judge has dismissed Lendlease’s attempt to sue Aecom for £3m over fire-safety defects at a cancer centre it worked on in Yorkshire. Justice Stephen Eyre said he would have found the consultancy liable for eight defects if Lendlease had brought the legal action about…

The post Lendlease loses £3m fire-safety case against Aecom appeared first on Construction News.

]]>