Consigli inks deal to buy Lendlease’s New York and New Jersey operations
18 September 2024
Massachusetts-based Consigli Building Group has completed its purchase of Lendlease’s New York and New Jersey construction operations.
In a company press release, Consigli said that the sale included a portfolio of work valued at over US$1.8 billion associated with under contract and pre-construction projects in the New York and New Jersey region.
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More than 400 US-based Lendlease staff will also move across to Consigli.
In May 2024, Sydney-based Lendlease announced a plan to sell its construction operations in the US, UK and Europe as part of a company overhaul aimed at freeing up as much as A$4.5 billion (US$3 billion) of capital.
At the time Lendlease said it had agreed terms to sell the New York and New Jersey operations to Consigli as well as around 45 contracted or partly-built projects.
In the New York and New Jersey area of the USA, Lendlease has completed high profile projects including the National September 11 Memorial & Museum, Central Park Tower, Columbia University, Jacob K. Javits Convention Center Expansion and the American Museum of Natural History,
Consigli’s recent completed projects include the Gore Hall complex and Tozzer Anthropology Building at Harvard University and the Hilton Garden Inn hotel at Boston Logan Airport.
The company said the acquired Lendlease workforce would provide Consigli with extensive knowledge and capabilities as well as a diverse portfolio in the greater New York market.
“Lendlease is the largest healthcare builder in NYC, and we are fortunate to bring on some of the most experienced healthcare and life science people in the NY and NJ metro area,” said Anthony Consigli, CEO of Consigli Construction. “Lendlease’s large, complex project planning experience coupled with our local resources, tools and technologies will allow us to provide the stability and the flexible, nimble leadership needed to allow us to deliver the absolute best client service possible in an ever-changing construction world.”
“Consigli’s commitment to excellence and aligned values mean our people have found a great home at Consigli, and their expanding construction portfolio continues with exciting future opportunities,” said Claire Johnston, CEO Americas, Lendlease.
