Lend Lease Forms Advisory Group

SYDNEY-Lend Lease Corp. has formed an advisory group to focus on the Australian Public-Private Partnership market. This new arm will be a partnership with Capella Capital and will be headed by John Bowyer, previously of Babcock & Brown Asia Pacific. The move is meant to further the company’s long-term growth plans, according to a release.

“Lend Lease has a long track record in partnering with governments worldwide to create, own and operate high quality social infrastructure assets,” says Mark Menhinnitt, global head of Public Private Partnerships for Lend Lease. “We see the PPP market as an excellent growth opportunity for the Group; the market continues to grow despite this tough economic environment and this partnership provides an excellent opportunity for multiple earnings streams for Lend Lease.”

With Capella Capital, Lend Lease will focus on assets in the health, justice, defense and educations submarkets. “Bowyer and his team bring over 12 years of knowledge and experience to the partnership, and, having enjoyed success with them on previous projects, including the Royal Children’s Hospital in Melbourne, we see this partnership as a great fit that will allow us to build scale in the Australian market,” Menhinnitt says.