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 lendlease’s 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 Aveo’s profitability. Lendlease does not clarify the level of operational income compared to other ‘engineered’ income.