Lend Lease sees retirement and health as growth areas

Lend Lease has just staged its AGM, announcing 9% growth in operating profit after tax to $553 million. It has a construction backlog with a sales value of $17 billion – not bad for an Australian company. It identifies ageing populations as one of the five core trends it wishes to capitalise on its expertise. Few in Australia would understand that Lend Lease is currently building extensive medical facilities in America for Veteran Affairs (the armed services). In the past 15 years they have built over 80 hospitals around the world. Now they are considering expansion into Asia, including retirement services.