Editing Lendlease (section)

=== Barangaroo, Valemus Acquisition, One Lendlease Era ===
In 2009, Steve McCann was appointed CEO.<ref>{{cite web |url=http://www.news.com.au/news/lend-lease-makes-mccann-ceo/news-story/77128313c0e43912025195a67d07b2e3 |title=Lendlease appoints Steve McCann as CEO |date=2 October 2009 |publisher=News.com |access-date=7 April 2018}}</ref> In the same year Lendlease Corporation acquired Babcock and Brown Communities,<ref name="ReferenceA2">{{cite web |url=http://www.lendlease.com/en/Group/Lend-Lease/Worldwide/About-Us.aspx |archive-url=https://web.archive.org/web/20120203084318/http://www.lendlease.com/en/Group/Lend-Lease/Worldwide/About-Us.aspx |url-status=dead |archive-date=3 February 2012 |title=About |publisher=Lendlease |access-date=21 April 2014}}</ref> rebranding the business as [[Primelife|Lendlease Primelife]]. At the time, this acquisition made Lendlease Australia's largest provider of retirement villages.<ref>{{cite web |url=http://www.lendlease.com/en/Group/Lend-Lease/Australia/Sectors/retirement-senior-living.aspx |archive-url=https://archive.today/20130127154215/http://www.lendlease.com/en/Group/Lend-Lease/Australia/Sectors/retirement-senior-living.aspx |url-status=dead |archive-date=27 January 2013 |title=Retirement Living |publisher=Lendlease |access-date=21 April 2014}}</ref><ref name="lendleaseseniorliving.com.au2">{{cite web |url=http://www.lendleaseseniorliving.com.au/ |title=Retirement Living – Retirement Villages, Retirement Apartments, Retirement Units & Serviced Apartments &#124; Lendlease |date=19 April 2004 |publisher=Lendleaseseniorliving.com.au |access-date=21 April 2014}}</ref>

In December 2009, Lendlease was selected by the [[New South Wales]] Government to develop [[Barangaroo, New South Wales|Barangaroo]].<ref>{{cite news |url=https://www.afr.com/politics/lend-lease-wins-6bn-barangaroo-development-20091221-iw977 |title=Lendlease wins $6bn Barangaroo development |newspaper=Australian Financial Review |date=21 December 2009}}</ref>

In 2010, Lendlease announced their first foray into the consumer market with Lendlease Solar.<ref name="ReferenceA2" /> This subsidiary was wound up in early 2011, with no explanation as to why the division had closed.<ref>{{cite web |url=http://www.lendleasesolar.com.au |title=Lendlease – Contacts |date=30 June 2013 |publisher=Lendleasesolar.com.au |access-date=28 February 2015}}</ref>

On 17 February 2011 Lendlease announced wider ranging changes to its group of brands. This announcement meant the retirement of the Bovis, Delfin, Vivas, Catalyst and [[Primelife]] brands which were superseded by the unified Lendlease brand.<ref>{{cite web |url=http://www.constructionenquirer.com/2011/01/07/lend-lease-to-drop-bovis-name/ |title=Lendlease to drop Bovis name |publisher=Constructionenquirer.com |access-date=21 April 2014}}</ref>

In late February 2011, Lendlease acquired DASCO in order to position itself to take advantage of the impending Obama administration Health sector boom. The company was immediately rebranded as Lendlease DASCO, and started operating independently of the Lendlease Americas business.<ref>{{cite web |url=https://www.prnewswire.com/news-releases/lend-lease-to-acquire-healthcare-developer-dasco-116736434.html |title=Lendlease to Acquire Healthcare Developer DASCO |date=23 February 2011 |publisher=PR Newswire |access-date=7 April 2018}}</ref>

In March 2011, Lendlease completed the acquisition of [[Valemus]]<ref name="lendlease.com2" /> (previously known as Bilfinger Berger Australia) from [[Bilfinger]].<ref>{{cite web |url=http://www.valemus.com.au/news/media-releases/?ItemID=58&count=1 |title=Media Releases |access-date=10 January 2011 |url-status=dead |archive-url=https://archive.today/20121231023543/http://www.valemus.com.au/news/media-releases/?ItemID=58&count=1 |archive-date=31 December 2012}}</ref>

In March 2013, the business divested its aged care homes (from the acquisition of Babcock and Brown Communities) to [[Allity]], a business owned by Australian Aged Care Partners.<ref>{{cite news |url=https://blogs.wsj.com/dealjournalaustralia/2013/02/28/archer-capital-buys-lend-leases-aged-care-business/ |title=Archer Capital Buys Lendlease's Aged Care Business |newspaper=Wall Street Journal |date=27 February 2013 |last1=Tan |first1=Gillian }}</ref>

In 2015, the company rebranded to use "Lendlease" as a single word.<ref>{{Cite web |url=https://www.cmo.com.au/article/575803/lendlease-revitalises-branding-match-next-pipeline-projects/ |title = Lendlease revitalises branding to match next pipeline of projects |website = cmo.com.au }}</ref>

In December 2016, Lendlease formed a joint venture agreement with Energy Made Clean. Energy Made Clean is a wholly owned subsidiary of renewable energy technology developer, Carnegie Clean Energy (ASX: CCE). With EMC and Carnegie's joint offerings, it is the only company in the world to offer a combination of wave, solar, wind, storage and desalination via microgrids. Microgrids are a budding industry and this partnership aims to provide end-to-end technologies that deliver [[energy independence]] and a reliable alternative to traditional forms of energy in regional, remote and fringe-of-grid locations in Australia, United States and around the world. This asset was later sold in 2020.<ref>{{cite news |url=https://www.afr.com/property/commercial/lendlease-exits-us-solar-farms-business-20201117-p56fbo |title=Lendlease exits US solar farms business |newspaper=Australian Financial Review |date=17 November 2020 |last1=Lenaghan |first1=Nick}}</ref>

In February 2021, Lendlease announced that Tony Lombardo, previously CEO of Lendlease Asia, would takeover from Steve McCann as Group CEO. This took place in June 2021.<ref>{{cite news |url=https://www.shoppingcentrenews.com.au/latest-news/industry-news/lendlease-announces-new-ceo-as-mccann-retires/ |title=Lendlease announces new CEO as McCann retires |newspaper=Shopping Centre News |date=15 February 2021}}</ref>

The global [[COVID-19 pandemic]] led to enforced site closures during the early 2020s, impairing revenues. In February 2022, Lendlease reported a first half loss of $264 million, which it attributed to one-off restructuring costs, COVID-19 issues and asset sales. The company cut about 360 jobs and garnered savings of $160 million.<ref name="SMH-21Feb2022">{{cite news |last1=Cummins |first1=Carolyn |title=Lendlease posts $264m loss as pandemic bites development, cuts dividend |url=https://www.smh.com.au/business/companies/lendlease-posts-264m-loss-as-global-pandemic-bites-development-20220221-p59y6v.html |access-date=22 August 2022 |work=Sydney Morning Herald |date=21 February 2022}}</ref> An improved second half to the financial year saw the company post a bottom-line loss of $99 million for the full year, after $333 million in writedowns on existing operations, a 61% drop in development EBITDA to $18 million and a 24% slump in construction earnings to $131 million.<ref name="BNA-22Aug2022">{{cite news |last1=Nichols |first1=Nick |title=Lendlease posts $99m loss, targets 2024 to reap benefits of business shake-up |url=https://www.businessnewsaustralia.com/articles/lendlease-posts--99m-loss--targets-2024-to-reap-benefits-of-business-shake-up.html |access-date=22 August 2022 |work=Business News Australia |date=22 August 2022}}</ref>