Lend Lease Group (ASX:LLC) has offered an optimistic outlook for the next 12 months with growth in its residential business in Australia and the UK.
The property developer says it has achieved $2.5 billion in pre-sold revenue across apartments and communities as well as a record year of settlements.
CEO Steve McCann says the company is well placed to benefit from the $50 billion infrastructure spend that is foreshadowed in Australia.
Mr McCann says the company has a development pipeline of around $38 billion made up of both construction revenue and funds under management.
The company has also announced the appointment of Stephen Dobbs to its board of directors effective 1 January next year.
Lend Lease reported a net profit of $823 million in the 2014 financial year.
