Lendlease Group · ASX:LLC
Lendlease — FY2020 Earnings Presentation
86 slides from Lendlease's earnings presentation, Jun 30, 2020
Slide 1: Lendlease Major Urbanisation Projects
Lendlease Major Urbanisation Projects As at 30 June 2020 Kuala Lumpur: The Exchange TRX Artist’s impression
Slide 2: Major urbanisation projects summary
Major Region Project Project Delivery secured commenced1 Completion date2 Residential Commercial Remaining backlog units backlog sqm ‘0003 end value ($b)4 Land payment model urbanisation Australia Barangaroo South, Sydney FY09 FY12 FY26 849 1 4.1 Staged payment Brisbane Showgrounds FY09 FY11 FY33 2,
Slide 3: Australia
Australia Seven Major urbanisation projects $14.8 billion Remaining estimated end value 7,661 units Residential pipeline 321,000sqm Commercial pipeline Sydney: Sydney Place Artist’s impression
Slide 4: Barangaroo South
Barangaroo South Sydney: Barangaroo South
Slide 5: Barangaroo South
Barangaroo Project details South $9.9 billion total estimated development end value Secured 20091, expected completion 20261,2 59% complete by estimated development end value Barangaroo South is one of Sydney's $4.1 billion remaining estimated development end value largest urban regeneration project
Slide 6: Barangaroo South masterplan
Barangaroo South Office Office Resi Current masterplan International Towers Sydney – Delivered to date One Sydney – 284,000sqm office space Harbour – 159 residential units Tower 1 Resi – 17,000sqm retail – Sale of development rights: Retail Crown Integrated Resort – In delivery – 317 residential uni
Slide 7: Barangaroo South sustainability
Barangaroo South Sustainability Barangaroo South's precinct-wide approach to sustainability has led to the project's achievement as Australia's first carbon neutral precinct, and a raft of national and international awards. This includes the achievement of 6 Star Green Star ratings for the precinct
Slide 8: Brisbane Showgrounds
Brisbane Showgrounds Brisbane: Brisbane Showgrounds
Slide 9: Brisbane Showgrounds
Brisbane Project details Showgrounds $2.8 billion total estimated development end value Secured 20091, expected completion 20331,2 21% complete by estimated development end value The Brisbane Showgrounds $2.2 billion remaining estimated development end value redevelopment represents an evolution of
Slide 10: Brisbane Showgrounds masterplan
Brisbane Showgrounds Current masterplan – Delivered to date – 30,000sqm office space – 688 residential units – 3,000sqm retail – Remaining stages1 – 60,000sqm office space – 2,275 residential units2 – 7,000sqm retail 1. Subject to planning. 2. Includes unsold units on completed buildings.
Slide 11: Brisbane Showgrounds sustainability
Brisbane Showgrounds Sustainability The development boasts leading Green Building certifications demonstrating Brisbane Showgrounds' leadership in sustainability. Situated in the precinct’s heart, King Street offers a mosaic of experiences, which celebrate the cultural traditions of the site while e
Slide 12: Melbourne Quarter
Melbourne Quarter Melbourne: Melbourne Quarter
Slide 13: Melbourne Quarter
Melbourne Project details Quarter $3.0 billion total estimated development end value Secured 20131, expected completion 20261,2 33% complete by estimated development end value Melbourne Quarter is a vibrant $2.0 billion remaining estimated development end value commercial, residential and cultural n
Slide 14: Melbourne Quarter masterplan
Melbourne Quarter Current masterplan – Delivered to date – 25,000sqm office / 1,000sqm retail (One Melbourne Quarter) – In delivery – 50,000sqm office / 1,000sqm retail (Two Melbourne Quarter1) – 719 residential units for sale (East Tower2) – Remaining stages3 – 70,000sqm office space – 769 resident
Slide 15: Melbourne Quarter sustainability
Melbourne Quarter Sustainability More than 50 per cent of Melbourne Quarter will be dedicated to public open space. The Sky Park and recently opened new public park, square and retail laneway provide inclusive space for the community in the heart of Melbourne’s CBD. Leading sustainability credential
Slide 16: Victoria Harbour
Victoria Harbour Melbourne: Victoria Harbour
Slide 17: Victoria Harbour
Victoria Project details Harbour $6.6 billion total estimated development end value Secured 20011, expected completion 20271,2 70% complete by estimated development end value $2.0 billion remaining estimated development Victoria Harbour is located in end value Melbourne where Collins Street and Proj
Slide 18: Victoria Harbour masterplan
Victoria Harbour Current masterplan – Delivered to date – 260,000sqm office space – 3,067 residential units – 22,000sqm retail – Remaining stages1 – 2,043 residential units2 1. Subject to planning. 2. Includes unsold units on completed residential buildings.
Slide 19: Victoria Harbour sustainability
Victoria Harbour Sustainability Victoria Harbour is home to one of Australia’s first Cross Laminated Timber buildings, Library at the Dock, with the sustainable wood alternative providing environmental benefits. The development provides the community with a variety of amenities such as walking, jogg
Slide 20: Sydney Place
Sydney Place1 Sydney: Sydney Place Artist’s impression 1. Formerly Circular Quay Tower
Slide 21: Sydney Place
Sydney Project details Place1 $1.9 billion total estimated development end value Secured 20122, expected completion 20222,3 Delivery commenced 20172 Project Structure Sydney Place is designed to be a Development Joint Venture formed in world class precinct characterised by a December 2016, comprisin
Slide 22: Sydney Place masterplan
Sydney Place1 Current masterplan – In delivery – 57,000sqm office / 2,000sqm retail 1. Formerly Circular Quay Tower
Slide 23: Sydney Place sustainability
Sydney Place1 Sustainability In addition to targeting leading sustainability ratings, the project will also see significant investment in the community including: • Three-storey community building and major public artwork • Three-storey Business Innovation Space within commercial tower • Increase in
Slide 24: Waterbank
Waterbank Perth: Waterbank Artist’s impression
Slide 25: Waterbank
Waterbank Project details $1.4 billion total estimated development end value Secured 20131, expected completion 20291,2 Project to commence in 20211,2 Project Structure Waterbank is located on the banks of Project Development Agreement with the Swan River in Perth and will Metropolitan Redevelopment
Slide 26: Waterbank masterplan
Waterbank Current masterplan – Remaining stages1 – 10,000sqm office space – 1,308 residential units – 2,000sqm retail 1. Subject to planning.
Slide 27: Waterbank sustainability
Waterbank Sustainability Across a six hectare site on the banks of the Swan River, Waterbank will include a mix of residential, commercial, retail and approximately four hectares of public realm. Waterbank has been designed on a foundation of leading sustainability principles. Both the commercial an
Slide 28: Victoria Cross over station development
Victoria Cross over station development Sydney: Victoria Cross Over Station Development Artist’s impression
Slide 29: Victoria Cross over station development
Victoria Cross Project details over station $1.2 billion total estimated development end value development Secured 20191, expected completion 20251,2 Project Structure Project Development Agreement with Sydney Lendlease is delivering the Sydney Metro Metro ` Victoria Cross Over Station Development J
Slide 30: Victoria Cross masterplan
Victoria Cross over station development Current masterplan – In delivery – 56,000sqm office / 2,000sqm retail
Slide 31: Victoria Cross sustainability
Victoria Cross over station development Sustainability As part of the wider Sydney City & Southwest Metro project, the Victoria Cross over station development will provide new employment and retail opportunities, improved pedestrian connections and high-quality outdoor spaces that will add to a grow
Slide 32: Asia
Asia One Major urbanisation project $3.6 billion Remaining estimated end value 2,326 units Residential pipeline 168,000sqm Commercial pipeline Singapore: Paya Lebar Quarter
Slide 33: The Exchange TRX
The Exchange TRX Kuala Lumpur: The Exchange TRX Artist’s impression
Slide 34: The Exchange TRX
The Exchange Project details TRX $3.6 billion total estimated development end value Secured 20141, expected completion 20281,2 Construction of retail component has commenced The Exchange TRX is Lendlease's Project Structure largest integrated development in Asia. Lendlease 60% / TRX City 40%3 It is
Slide 35: The Exchange TRX masterplan
The Exchange TRX Current masterplan – In delivery – 122,000sqm retail – 443 residential units (Building 1 TRX Residences) – Remaining stages1 – 1,883 residential units – 47,000sqm office and hotel 1. Subject to planning.
Slide 36: The Exchange TRX sustainability
The Exchange TRX Sustainability The precinct aspires to be Kuala Lumpur’s most progressive and sustainable new city precinct, with reduced energy use, on site recycled water use and integration of nature. The Exchange TRX targets: • Climate resilient design aligned to Lendlease’s TCFD scenarios • Su
Slide 37: Europe
Europe Nine Major urbanisation projects $49.3 billion Remaining estimated end value 26,110 units Residential pipeline 1,777,000sqm Commercial pipeline London: Elephant Park Artist’s impression
Slide 38: Thamesmead Waterfront
Thamesmead Waterfront London: Thamesmead Waterfront
Slide 39: Thamesmead Waterfront
Thamesmead Project details Waterfront $15.1 billion total estimated development end value Secured 20201, expected completion 2040+1,2 Project to commence in 20251,2 Project Structure The project will look to revitalise the Joint Venture partnership with Peabody Thamesmead existing Thamesmead town ce
Slide 40: Thamesmead Waterfront sustainability
Thamesmead Waterfront DRAFT – SUBJECT TO VERIFICATION Sustainability The project’s scale and riverside location, with an abundance of green space, provides the opportunity to create a vibrant location for people to live, work and visit. The development will strive to: • Enhance the site’s unique lan
Slide 41: Euston Station
Euston Station London: Euston Station
Slide 42: Euston Station
Euston Project details Station $10.9 billion total estimated development end value Secured 20181, expected completion 2040+1,2 Project to commence in 20261, subject to Euston Euston outline planning consent Station Station This urbanisation project will see the Project Structure development of the 2
Slide 43: Euston Station sustainability
Euston Station Sustainability targets and outcomes Lendlease has an aspiration for Euston to be an industry-leading sustainable development. This means aspiring to deliver a development which is aligned to the UK government legislation to be net zero carbon by 2050. Whilst the project is still in it
Slide 44: Silvertown Quays
Silvertown Quays London: Silvertown Quays
Slide 45: Silvertown Quays
Silvertown Project details Quays $6.6 billion total estimated development end value Secured 20181, expected completion 20331,2 Project to commence in 20211, subject to pre-completion conditions Silvertown Quays is a major Project Structure urbanisation project in East London Liverpool Street borderi
Slide 46: Silvertown Quays sustainability
Silvertown Quays Sustainability Silvertown aims to create a place that is innovative and environmentally sustainable and will provide tangible benefits for the local community for the long-term. The project aims to achieve: • BREEAM1 certification for non-residential properties, a sustainability ass
Slide 47: Milano Santa Giulia
Milano Santa Giulia Milan: Milano Santa Giulia Artist’s impression
Slide 48: Milano Santa Giulia
Milano Project details Santa Giulia $4.0 billion total estimated development end value Secured 20181, expected completion 20341,2 South Area expected completion 20221,2 5% complete by estimated development end Milano Santa Giulia covers more than value 110 hectares in the southeast of Milan. $3.8 bi
Slide 49: Milano Santa Giulia masterplan
Milano Santa Giulia Commercial Residential Current masterplan Arena – In delivery Retail and leisure – 28,000sqm office and retail (Spark One) Residential – 18,000sqm office and retail (Spark Two) – Remaining stages1 – 80,000sqm office space Parklands – 2,558 residential units – 106,000sqm retail, l
Slide 50: Milano Santa Giulia sustainability
Milano Santa Giulia Sustainability Milano Santa Giulia aims to create a sustainable combination of residential areas, green spaces, offices, commercial areas and venues of cultural interest. The project is the first urban district in Italy to be registered to the LEED Neighbourhood Development Proto
Slide 51: Milan Innovation District
Milan Innovation District Milan: Milan Innovation District Artist’s impression
Slide 52: Milan Innovation District
Milan Project details Innovation $3.7 billion total estimated development end value District MIND Secured 20191, expected completion 20321,2 Project expected to commence in 20211, subject to planning approval The Milan Innovation District aims to Project Structure be a major new precinct for science
Slide 53: Milan Innovation District masterplan
Milan Innovation District Current masterplan – Remaining stages1 – 304,000sqm – 1,125 residential units – 33,000sqm retail – Outside Lendlease concession agreement – Hospital – University – Human Technopole HOSPITAL UNIVERSITY HUMAN TECHNOPOLE 1. Subject to planning.
Slide 54: Milan Innovation District sustainability
Milan Innovation District Sustainability The project considers factors such as energy efficiency, the use of water resources, the impact of new buildings on the existing surroundings, the efficiency of technological instruments and the presence of green spaces and pedestrian areas. The project will
Slide 55: International Quarter London
International Quarter London London: International Quarter London Artist’s impression
Slide 56: International Quarter London
International Project details Quarter IQL $5.3 billion total estimated development end value London 24 mins Secured 20101, expected completion 20291,2 36% complete by estimated development end value International Quarter London is a new $3.4 billion remaining estimated development commercial distric
Slide 57: International Quarter London masterplan
International Quarter London Current masterplan – Delivered to date – 97,000sqm office space – 333 residential units – 2,000sqm retail – Remaining stages1 – 205,000sqm office space – 351 residential units – 6,000sqm retail 1. Subject to planning.
Slide 58: International Quarter London sustainability
International Quarter London Sustainability All new commercial buildings aim to achieve a minimum Gold WELL Building certification1 which recognises buildings focused on supporting health and wellbeing. The project has already achieved the highest level of BREEAM certification2 for plot S9, the thir
Slide 59: Elephant Park
Elephant Park London: Elephant Park Artist’s impression
Slide 60: Elephant Park
Elephant City of Project details Park London $4.7 billion total estimated development end value Secured 20101, expected completion 20261,2 51% complete by estimated development end value The regeneration of Elephant Park will $2.3 billion remaining estimated development end value build on Elephant &
Slide 61: Elephant Park masterplan
Elephant Park Current masterplan – Delivered to date – 1,433 residential units – 5,000sqm retail – In delivery – 445 residential units: 354 for rent and 91 affordable (Park Central North) – 384 residential units: 309 for rent and 75 affordable (East Grove) – 222 residential units: 118 for rent and 1
Slide 62: Elephant Park sustainability
Elephant Park Sustainability Our aim at Elephant Park is to create one of the world’s most sustainable inner-city projects, including becoming the first Climate Positive development in the UK. Partnering with the community has been key; the project facilitated 198 apprenticeships, including 127 loca
Slide 63: High Road West
High Road West London: High Road West Artist’s impression
Slide 64: High Road West
High Road High Road Project details West West $2.1 billion total estimated development end value Secured 20181, expected completion 20301,2 Project to commence in 20221, subject to planning The vision for High Road West is to Project Structure deliver a place that provides the very Development Partn
Slide 65: High Road West sustainability
High Road West Sustainability Lendlease and the London Borough of Haringey have an inspiring ambition to create a positive social legacy for North Tottenham, providing socio-economic equality, prosperity and delivering an exemplar sustainability strategy. This includes providing opportunities for
Slide 66: Deptford Landings
Deptford Landings1 London: Deptford Landings Artist’s impression 1. Formerly The Timberyard, Deptford
Slide 67: Deptford Landings
Deptford Project details Landings City of London $1.6 billion total estimated development end value Secured 20141, expected completion 20281,2 13% completed by estimated end development value Lendlease is working with the London $1.4 billion remaining estimated end development value Borough of Lewis
Slide 68: Deptford Landings masterplan
Deptford Landings Current masterplan – Delivered to date – 153 residential units (Cedarwood Square) – Remaining stages1 – 7,000sqm office space – 1,300 residential units2 – 3,000sqm retail 1. Subject to planning. 2. Includes unsold units on completed residential buildings.
Slide 69: Deptford Landings sustainability
Deptford Landings Sustainability Deptford Landings aims to increase pedestrian permeability through the creation of new streets, linkages with existing pedestrian areas and increased green landscaped area. Building on the rich history of the neighbourhood, the project hopes to imitate some historica
Slide 70: Americas
Americas Four Major urbanisation projects $27.4 billion Remaining estimated end value 18,056 units Residential pipeline 51,000sqm Commercial pipeline Chicago: Southbank Artist’s impression
Slide 71: San Francisco Bay Area project
San Francisco Bay Area San Francisco Bay Area project Artist’s impression
Slide 72: San Francisco Bay Area project
San Francisco Project details Bay Area $21.8 billion total estimated development end value project Secured in 20201, expected completion in 20371,2 Project expected to commence in 20221, subject to planning In partnership with Google, Lendlease Project Structure is undertaking a series of urban rene
Slide 73: San Francisco Bay Area project sustainability
San Francisco Bay Area project Sustainability Lendlease in partnership with Google is undertaking an unprecedented series of urban renewal projects across three suburban scale ‘districts’. A series of integrated masterplans, each has a vision of creating places that; foster community participation a
Slide 74: Lakeshore East
Lakeshore East Chicago: Lakeshore East Artist’s impression
Slide 75: Lakeshore East
Lakeshore Project details East $2.2 billion total estimated development end value Secured in 20191, expected completion in 20261,2 Project Structure The project will create three high rise First two of three buildings to be delivered through a 50% JV partnership with First State residential towers l
Slide 76: Lakeshore East masterplan
Lakeshore East Current masterplan – In delivery – 350 residential for sale units (Cirrus), 700 sqm retail – 503 residential for rent units (Cascade) – Remaining stages1 – 344 residential units – 1,300sqm retail Cirrus Cascade 1. Subject to planning.
Slide 77: Lakeshore East sustainability
Lakeshore East Sustainability Upon completion, the Lakeshore East neighbourhood will be home to three high-rise towers, all targeting LEED Gold ratings1 for their commitment to sustainability. The project will create Cascade Park, a public 3,000sqm green space that provides an activated connection t
Slide 78: Southbank
Southbank Chicago: Southbank
Slide 79: Southbank Chicago
Southbank Project details Chicago $2.2 billion total estimated development end value Secured in 20151, expected completion in 20271,2 14% complete by estimated development end value Southbank is a new neighbourhood $1.9 billion remaining estimated development development located on the South end val
Slide 80: Southbank Chicago masterplan
Southbank Chicago Current masterplan – Delivered to date – 452 residential for rent units (The Cooper at Southbank) – 1,000sqm retail – In delivery – 217 residential for rent units (c.50% of Building E) – Remaining stages1 – 21,000sqm office space – 1,309 residential units – 2,000sqm retail 1. Subje
Slide 81: Southbank Chicago sustainability
Southbank Chicago Sustainability Promoting resident wellbeing, a sense of community and a resilient transformation of the riverfront, the three hectare development at Southbank is targeting LEED Gold ratings1, an internationally recognised standard in green building. The Cooper, Lendlease’s first re
Slide 82: Van Ness
30 Van Ness San Francisco: 30 Van Ness Artist’s impression
Slide 83: Van Ness
30 Project details Van Ness $1.5 billion total estimated development end value Secured in 20171, expected completion in 20251,2 Project to commence in 20211, subject to planning 30 Van Ness will see the development Project Structure of a mixed-use tower in San Francisco comprising office and residen
Slide 84: Van Ness masterplan
30 Van Ness Current masterplan – Remaining stages1 – 25,000sqm office space – 333 residential units 1. Subject to planning.
Slide 85: Van Ness sustainability
30 Van Ness Sustainability Commencing Construction Documentation, 30 Van Ness is promoting high levels of sustainability and wellbeing. It will target • Net zero carbon emissions during operation • An all-electricity building (no gas) • Dynamic glass promoting energy efficiency • Wired1 certificatio
Slide 86: Important notice
Lendlease FY20 Financial Results 86 Important This document has been prepared and is issued by Lendlease Corporation Limited (ACN 000 226 228) (Lendlease) in good faith. Neither Lendlease (including any of its controlled entities), nor Lendlease Trust (together referred to as the Lendlease Group) ma