Lend Lease Group (ASX:LLC) has been selected to lead a consortium building a $252 million hospital in Treviso, Italy.
The contract also includes provision for Lend Lease to provide facility management services over a 21 year concession period.
CEO Steve McCann says the contract win builds upon Lend Lease’s international track record in health infrastructure design, delivery and management.
The project comprises 90,000 metres of new construction for a range of care facilities covering intensive care, radiotherapy, microbiology, nuclear medicine, laboratories and patient wards.
The contract follows Lend Lease’s successful delivery of two Italian hospital public finance initiative projects.
Lend Lease posted a net profit of $503 million in the 2012 financial year.
LLC Price at posting:
$8.69 Sentiment: None Disclosure: Held
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