Lendlease is a globally integrated real estate company that creates and invests in communities, workplaces, retail, and infrastructure projects, headquartered in Barangaroo, New South Wales, Australia. History Founding The company was established as Lend Lease by Dick Dusseldorp in 1958 to provide finance for building contracts being undertaken by Civil & Civic. In 1961 the company acquired Civil & Civic from Bredero's Bouwbedrijf. Lendlease first listed on the ASX in 1962. Operations expanded to the United States in 1971 and to Singapore in 1973. In 1983 Lendlease created 'The Lendlease Foundation', their charitable arm to improve communication with and help in communities, as well as caring for both community and employee well-being. In 1982, Lendlease acquired 50% of MLC Life Limited and in 1985 acquired the balance of the company. MLC's multi-manager, multi-style investment philosophy was introduced in 1986. It was later sold to National Australia Bank in the year 2000 for $4.56 billion, one of the biggest mergers in Australian corporate history. Expansion and Major Acquisition In 1999 the company formed Actus Lend Lease with the acquisition of Actus Corporation's MILCON and technical service construction management business, and augmented this business with professionals from Lend Lease Design and Lend Lease Development. At this time the company also acquired Bovis Construction from P&O. Then in 2000 it bought Amresco's commercial mortgage business. In 2001, Lendlease acquired Delfin Property Group (now Lend Lease Communities) for $172 million. It went on to buy Crosby Homes (now Lend Lease Residential Development) for circa £240 million in 2005. Barangaroo, Valemus Acquisition, One Lendlease Era In 2009, Steve McCann was appointed CEO. In the same year Lendlease Corporation acquired Babcock and Brown Communities, rebranding the business as Lend Lease Primelife. At the time, this acquisition made Lendlease Australia's largest provider of retirement villages. In December 2009, Lendlease was selected by the New South Wales Government to develop Barangaroo. In 2010, Lendlease announced their first foray into the consumer market with Lendlease Solar. The subsidiary was wound up in early 2011, with no explanation as to why the division had closed. On 17 February 2011 Lendlease announced wider ranging changes to its group of brands. This announcement meant the retirement of the Bovis, Delfin, Vivas, Catalyst and Primelife brands which were superseded by the unified Lendlease brand. In late February 2011, Lendlease acquired DASCO in order to position itself to take advantage of the impending Obama