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Lend Lease Group (ASX:LLC) has secured a construction contract with London based firm Land Securities valued at approximately $264 million.
The property developer will construct two new buildings in central London, one a 12 storey commercial and retail block, the other a 14 storey high end residential building.
Completion of the project is slated for 2015, via Lend Lease’s project management and construction business.
CEO Steve McCann says the contract follows recent momentum of Lend lease’s construction business in Europe, with Lend Lease having won contracts in Italy, Scotland and Northern England.
Lend Lease posted a net profit of $503.1 million in the 2012 financial year.
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$5.44 |
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