Consigli Building Group announced the completion of its purchase of substantial portions of Lendlease’s New York and New Jersey construction operations. The terms of the sale included a portfolio of work valued at over $1.8 billion associated with under contract and preconstruction projects in the New York and New Jersey region. More than 400 people will transition to Consigli.
Lendlease, a leading integrated real estate group headquartered in Sydney, Australia, has a strong history as one of the leading providers of construction services in the New York Metro region. The acquisition provides increased value and services while continuing to deliver innovative projects for world-class hospitals, global leading pharmaceutical companies and premier New York developers.
As the builders of many iconic NYC 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, the acquired Lendlease workforce provides 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 Co., Inc. “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.
About Consigli Building Group, Inc.
Under the Consigli Building Group, Inc. entity, Consigli Construction Co., Inc., was founded in 1905 and is a fifth generation, leading construction manager in the Northeast, Mid-Atlantic and Caribbean. Consigli services clients across all markets, including academic, healthcare, life sciences, institutional, energy, corporate and federal. Consigli is a 100% employee-owned (ESOP) company, and has received recognition for its employment practices, including consistent national acknowledgement as a Forbes Best Employer.
About Lendlease
Lendlease is an integrated real estate group with international investment capabilities. Headquartered in Sydney, Australia, and listed on the Australian Securities Exchange, Lendlease’s core capabilities are reflected in its operating segments of Investments, Development, and Construction. The combination of these three segments provides the Company with a sustainable competitive advantage in delivering innovative integrated solutions for its customers. For more information, please visit www.lendlease.com.
