Lend Lease: Primelife starts flexing its muscles, merging with Retirement by Design, looking at Asia, developing 1535 ILU’s

Paul Walsh, CEO of Lend Lease Primelife, has briefed the professional investor market on its aggressive forward strategy for FY2011. It includes integrating the Land Lease separately owned 8 villages in its Retirement by Design group, plus a backlog of 1,535 ILU’s in its development pipeline across 15+ existing villages.

They intend leveraging their skill base into Asia over the next 12 months plus look at funds management to bring investment-grade cash to their expansion plans, as well as capital partners as co-investors.

Like Justin Laboo at Aveo, Walsh sees economies of scale and brand as competitive advantages in their market expansion and consolidation.