Lendlease News, Projects and Contracts | Construction News https://www.constructionnews.co.uk Read UK Construction Industry News, Analysis, Opinion and data Thu, 24 Apr 2025 08:29:52 +0000 en-GB hourly 1 https://wordpress.org/?v=6.0 https://cdn.ca.emap.com/wp-content/uploads/sites/8/2023/07/favicon-cn192-70x70.png Lendlease News, Projects and Contracts | Construction News https://www.constructionnews.co.uk 32 32 https://www.constructionnews.co.uk/wp-content/themes/mbm-mops-2017/images/logo.gif Construction News https://www.constructionnews.co.uk 125 75 Read UK Construction Industry News, Analysis, Opinion and data Bovis promotes operations head to board https://www.constructionnews.co.uk/peoplemoves/bovis-promotes-operations-head-to-board-24-04-2025/ https://www.constructionnews.co.uk/peoplemoves/bovis-promotes-operations-head-to-board-24-04-2025/#respond Thu, 24 Apr 2025 08:29:52 +0000 https://www.constructionnews.co.uk/?p=519226 This story was written with AI assistance from Harmsworth Who is Harmsworth? Bovis has appointed Mark Ainsworth to its board as executive director of operations, strengthening its senior leadership with over three decades of construction experience. Ainsworth joined Bovis Lend Lease in 2001 as operations…

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]]> https://www.constructionnews.co.uk/peoplemoves/bovis-promotes-operations-head-to-board-24-04-2025/feed/ 0 Bovis made £16.4m loss in final year under Lendlease name https://www.constructionnews.co.uk/contractors/lendlease/bovis-made-16-4m-loss-in-final-year-under-lendlease-name-08-04-2025/ Tue, 08 Apr 2025 11:31:58 +0000 https://www.constructionnews.co.uk/?p=518233 Lendlease Construction (Europe) plunged to a £16.4m pre-tax loss last year after making more than £30m in provisions against legal claims. The contractor – last week renamed Bovis Construction (Europe) following its sale to US private equity giant Atlas Holdings – published results showing it…

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]]> Bovis returns as UK construction brand after Lendlease sale completes https://www.constructionnews.co.uk/financial/bovis-returns-as-uk-construction-brand-after-lendlease-sale-completes-31-03-2025/ Mon, 31 Mar 2025 19:15:23 +0000 https://www.constructionnews.co.uk/?p=517628 This story was written with the assistance of AI Read more about our AI experiment The Lendlease UK construction business has been rebranded as Bovis following the completion of its £35m sale to US-based investment firm Atlas Holdings. The deal, originally announced in January, completed…

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]]> Lendlease buyer considering consulting arm growth https://www.constructionnews.co.uk/financial/lendlease-considering-consulting-arm-growth-23-01-2025/ Thu, 23 Jan 2025 12:45:05 +0000 https://www.constructionnews.co.uk/?p=512995 The private equity firm set to buy Lendlease’s UK construction business is looking at expanding its consulting arm, an executive has said. A senior executive of Atlas Holdings, which announced a £35m sale agreement with Lendlease UK’s parent company this month, told Construction News that…

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]]> Government calls in Lendlease purchase for scrutiny https://www.constructionnews.co.uk/financial/government-calls-in-lendlease-purchase-for-scrutiny-10-01-2025/ Fri, 10 Jan 2025 12:45:05 +0000 https://www.constructionnews.co.uk/?p=512091 The sale of Lendlease to a US private equity firm has been called in for government scrutiny on national security grounds. Last week, Lendlease Group announced it had reached an agreement to sell its UK construction operations to US private equity firm Atlas Holdings for…

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]]> Bovis brand to be revived after Lendlease sale https://www.constructionnews.co.uk/financial/bovis-brand-to-be-revived-after-lendlease-sale-09-01-2025/ Thu, 09 Jan 2025 12:36:25 +0000 https://www.constructionnews.co.uk/?p=512059 The buyer of Lendlease’s UK construction business intends to resurrect the Bovis brand name but is not planning a major restructure of operations, Construction News understands. A week ago, Lendlease Group announced it had reached an agreement to sell its UK construction operations to US…

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]]> 10 companies to watch in 2025 https://www.constructionnews.co.uk/sections/long-reads/features/10-companies-to-watch-in-2025-08-01-2025/ Wed, 08 Jan 2025 12:44:34 +0000 https://www.constructionnews.co.uk/?p=511703 Which companies are likely to have the biggest impact on the industry in the year ahead? Lendlease Its UK business is a mainstay in the CN100, coming 39th in 2024’s table (its highest position was 24th in 2017). But in May, Lendlease announced a withdrawal…

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]]> Lendlease sold for £35m to US private equity firm https://www.constructionnews.co.uk/financial/lendlease-sold-for-35m-to-us-private-equity-firm-02-01-2025/ Thu, 02 Jan 2025 12:55:30 +0000 https://www.constructionnews.co.uk/?p=511651 Lendlease has announced it is selling its UK construction operations to a US private equity firm for £35m. Parent company Lendlease Group announced to the Australian Stock Exchange (ASX) this morning (2 January) that it had entered into a binding agreement to sell its UK…

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]]> Manchester Town Hall costs soar by £100m https://www.constructionnews.co.uk/buildings/delays-push-lendlease-town-hall-costs-up-by-100m-31-10-2024/ Thu, 31 Oct 2024 12:45:24 +0000 https://www.constructionnews.co.uk/?p=508306 The costs of a landmark Lendlease project in Manchester have spiralled by nearly £100m amid “hyperinflation”, dozens of subcontractor claims and unexpected nesting falcons. Lendlease’s mammoth restoration of the Grade II* listed Manchester Town Hall was originally due to complete by June this year. In…

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]]> Lendlease loss tops £700m as remediation provision surges https://www.constructionnews.co.uk/contractors/lendlease/lendlease-loss-tops-700m-as-remediation-provision-surges-20-08-2024/ Tue, 20 Aug 2024 10:24:18 +0000 https://www.constructionnews.co.uk/?p=504276 Lendlease has blamed substantial restructuring costs, as it posted a £700m-plus financial loss across its global operations. The Australian contractor also revealed that its remediation provision for building-safety work in the UK had surged to A$365m (£188.9m) – a jump of nearly A$50m (£25.9m) in…

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