Lend Lease leading construction gains

Company News

Property developer Lend Lease Group (ASX:LLC) is leading the largest 100 companies operating in the engineering construction and non-residential building sectors. 

Cordell Information and the Housing Industry Association’s “Construction 100” placed the company in the top spot for the second straight year. 

Lend Lease won $4.94 billion worth of contracts over the 12 months to March across civil engineering, commercial, community, flats and units, industrial and mining sectors. 

Leighton Holdings Limited’s (ASX:LEI) Thiess Pty Ltd was placed second with a total $2.88 billion contracts awarded across the civil engineering, mining and community sectors. 

HIA Chief Economist, Dr Harley Dale says the value of contracts won by “Construction 100” shows the rebalancing act which is now taking place in non-residential construction. 

Mr Dale says commercial construction now accounts for the largest single share with mining slipping to fourth place.  

Lend Lease Group reported a net profit of $823 million in the full 2014 financial year.