Firm shrugs off effects of pandemic to improve annual numbers

Lendlease鈥檚 European construction business strengthened profit this year as its jobs got back up and running after being put on hold in the weeks after the pandemic struck last March.

The overwhelming majority of the firm鈥檚 revenue comes from the UK, where it is carrying out work on several towers in Bishopsgate in the City as well as the Google headquarters in King鈥檚 Cross and the redevelopment of the grade I-listed Manchester Town Hall.

building two

Lendlease is working on this scheme, called 好色先生TV Two and designed by AHMM, under the next phase of the Ruskin Square development in Croydon

Turnover in the year to June was up a quarter to 拢554m with pre-tax profit jumping from 拢3.8m last time to 拢20m.

The firm, which is working on the 拢100m next phase of the Ruskin Square redevelopment in Croydon, south London, added that net cash was up to just over 拢78m from 拢65.5m.

It also started work on the makeover of grade II-listed Camden Town Hall in north London as well as the 拢280m Glen Parva prison in Leicestershire.

Lendlease said the average number of employees during the year fell 10% to 1,200 people.