Several years ago lendlease stopped separating out its Retirement results, instead lumping it into Residential. However last week it gave a small glimpse, simply stating: Average annual EBITDA in Retirement of circa $150 million per annum over last 3 years (FY13-FY15).
They own 74 villages and manage a further 4, which combined deliver 14,295 units.
Hear lendleases national Marketing Manager, Nadia Henry, at our LEADERS SUMMIT March 10 and 11 at the Sofitel Hotel in Sydney in 16 days time. Check the program and register HERE.
This profitability is double Aveos profitability. Lendlease does not clarify the level of operational income compared to other engineered income.
