The Company was established by Dick Dusseldorp in 1958 to provide finance for building contracts being undertaken by Civil and Civic. In 1961 the Company acquired Civil and Civic from Bredero's Bouwbedrijf.
In 1999 the Company formed Actus Lend Lease with the acquisition of Actus Corporation's MILCON and technical service construction management business, and augmented this business with professionals from Lend Lease Design and Lend Lease Development. Also in 1999 the Company acquired Bovis from P&O, which now forms Lend Lease Project Management & Construction. Then in 2000 it bought AMRESCO's commercial mortgage business In 2001, Lend Lease acquired Delfin Property Group (now Lend Lease Communities) for $172 million. It went on to buy Crosby Homes (now Lend Lease Residential Development) for circa £240 million in 2005.
In 2009, Lend Lease Corporation acquired Babcock and Brown Communities, rebranding the business as Lend Lease Primelife. At the time, this acquisition made Lend Lease Australia's largest provider of retirement villages.
In 2010, Lend Lease announced their first foray into the consumer market with Lend Lease Solar. The subsidiary was wound up in early 2011, with no explanation as to why the division had closed.
As of 17 Feb 2011 Lend Lease announced wider ranging changes to its group of brands. This announcement means the retirement of the Bovis, Delfin, Vivas, Catalyst and Primelife brands which will now referred to using the unified Lend Lease brand.
In late February 2011, Lend Lease acquired DASCO in order to position itself to take advantage of the impending Obama administration Health sector boom. The company was immediately rebranded as Lend Lease DASCO, and operates independently of the Lend Lease Americas business.
In March 2011, Lend Lease completed the acquisition of Valemus Group (previously known as Bilfinger Berger Australia) from Bilfinger Berger Group, subsidiaries of Valemus include: Abigroup, Baulderstone and Conneq (formerly Bilfinger Berger Services). The Valemus brand was retired and replaced with Lend Lease in 2011.
In late 2012, the Victorian Government instituted a ban on Lend Lease to tender for Government work, due to laws to prohibit "friendly deals" between building contractors and trade unions.
The company operates in more than 40 countries around the world. In all of these, the Lend Lease Project Management & Construction division constructs and manages large building projects. The company runs additional businesses in certain markets, including apartment development, greenfield residential development, investment management of unlisted property funds, property management, Real Estate sales and leasing, Public Private Partnerships, Infrastructure Development and Venture Capital investment in innovative technologies. Some operation projects are these:
Lend Lease Investment Management is the largest developer of public-private defence housing in the United States. The company also owns retail assets throughout the US.
Lend Lease Dasco is a United States leader in the development, financing, leasing and management of medical office buildings and outpatient facilities. Lend Lease specialised exclusively in the development of medical real estate for more than 23 years, has developed more than 3.8 million square feet, acquired 1.5 million square feet and currently manages more than 2.0 million square feet of medical office space.
Lend Lease Project Management & Construction (previously Bovis Lend Lease) constructs significant projects for Lend Lease's Investment Management Business, and Lend Lease's Development Business. Post Construction, Lend Lease's Retail Business manage the day-to-day operations of retail assets. In Asia, Lend Lease operations throughout Singapore, Malaysia, China, Japan & Taiwan. Projects and assets include the construction of the Petronas Towers.
Lend Lease Retirement (previously Retirement by Design and Primelife) operates Retirement Living, Serviced Apartments and Aged Care living options across the country. In addition, Lend Lease's Retirement Business is Australia's largest retirement communities developer.
Lend Lease Public Private Partnerships - utilises a stake in the investment vehicle Capella Capital. Lend Lease provides equity where appropriate for Capella capital projects, with Lend Lease being the preferred developer, builder, project manager, construction contractor on the investment. Recent Public Private Partnership involved InterContinental Hotels Group and Lend Lease (US), where they joined forces in the Privatization of Army Lodging to deliver quality hotel experience to United States Army Soldiers, their Families, and official guests of the United States Army. This partnership created IHG Army Hotels, a division of InterContinental Hotels Group.
Lend Lease Investment Management operates and manages assets owned by Lend Lease managed property funds. These include shopping centres such as Bluewater,Touchwood Solihull and previously the Overgate Centre also operates a retail development investment business in the UK, the third largest in that market, and is a developer of retail properties in its own right. It also conducts many "public-private partnership" developments with the UK government, particularly concentrating on hospital and defence housing estate developments.
Lend Lease Residential Development (previously Crosby Lend Lease) has been designing and constructing homes for over 80 years. The business now focuses primarily on inner city urban regeneration opportunities within the UK. Projects include i-land - Birmingham, Clarence Dock - Leeds, Hungate - York & Potato Wharf - Manchester.
In 2013 Lend Lease were criticised for their involvement in proposals to enlarge a coal port terminal on the edge of the Great Barrier Reef. Proposals included dredging and the dumping of material in the sea.