Crosby Homes
Encyclopedia
Lend Lease Residential Development (formerly Crosby Lend Lease or Crosby Homes, trading as
Lend Lease) is the British
residential development division of the Australia-based global property developer Lend Lease.
In 1986, the Crosby family sold out to a management team and in 1989 the Company was floated on the London Stock Exchange
; at that time the Company was predominantly building in north Cheshire and south Lancashire. The housing recession led to a cut in the dividend in 1990 and in 1991 Crosby was acquired by Berkeley Group Holdings
. The business was substantially expanded, concentrating on city centre development from Birmingham north to Newcastle. As part of Berkeley’s restructuring Crosby was sold on deferred terms to its management in 2003; Lend Lease Corporation
then bought it in 2005 for circa £240 million. Shortly after the takeover the company was renamed Crosby Lend Lease.
As of 17 Feb 2011 Lend Lease announced wider ranging changes to its group of brands. This announcement means the retirement of the Bovis, Delfin, Vivas, Catalyst, Crosby and Primelife brands which will now referred to using the unified Lend Lease Group brand. The company previously known as Crosby Homes and Crosby Lend Lease was from that point known as Lend Lease Residential Development.
however has office branches all over the United Kingdom
. Lend Lease's European Head Office is located in London, with it's Global Headquarters located in Sydney's CBD
in Millers Point
. Lend Lease also has regional head offices in New York, New York, Singapore, Singapore & Tokyo, Japan
Lend Lease Residential Development has constructed many high profile developments such as Orion Building
in Birmingham
, The Haçienda
in Manchester
and Clarence Dock
in Leeds
.
Doing business as
The phrase "doing business as" is a legal term used in the United States, meaning that the trade name, or fictitious business name, under which the business or operation is conducted and presented to the world is not the legal name of the legal person who actually own it and are responsible for it...
Lend Lease) is the British
Great Britain
Great Britain or Britain is an island situated to the northwest of Continental Europe. It is the ninth largest island in the world, and the largest European island, as well as the largest of the British Isles...
residential development division of the Australia-based global property developer Lend Lease.
History
The business was established in the mid-1920s by James Crosby to build houses in north Cheshire. During the War it turned to civil engineering and contracting but returned to housebuilding in the late 1950s, when it specialised in building executive housing.In 1986, the Crosby family sold out to a management team and in 1989 the Company was floated on the London Stock Exchange
London Stock Exchange
The London Stock Exchange is a stock exchange located in the City of London within the United Kingdom. , the Exchange had a market capitalisation of US$3.7495 trillion, making it the fourth-largest stock exchange in the world by this measurement...
; at that time the Company was predominantly building in north Cheshire and south Lancashire. The housing recession led to a cut in the dividend in 1990 and in 1991 Crosby was acquired by Berkeley Group Holdings
Berkeley Group Holdings
The Berkeley Group Holdings plc is a British housebuilding company based in Cobham, Surrey. It is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.-History:...
. The business was substantially expanded, concentrating on city centre development from Birmingham north to Newcastle. As part of Berkeley’s restructuring Crosby was sold on deferred terms to its management in 2003; Lend Lease Corporation
Lend Lease Corporation
Lend Lease Group is a global property and infrastructure company headquartered in Sydney, Australia...
then bought it in 2005 for circa £240 million. Shortly after the takeover the company was renamed Crosby Lend Lease.
As of 17 Feb 2011 Lend Lease announced wider ranging changes to its group of brands. This announcement means the retirement of the Bovis, Delfin, Vivas, Catalyst, Crosby and Primelife brands which will now referred to using the unified Lend Lease Group brand. The company previously known as Crosby Homes and Crosby Lend Lease was from that point known as Lend Lease Residential Development.
Operations
The business is based in BirminghamBirmingham
Birmingham is a city and metropolitan borough in the West Midlands of England. It is the most populous British city outside the capital London, with a population of 1,036,900 , and lies at the heart of the West Midlands conurbation, the second most populous urban area in the United Kingdom with a...
however has office branches all over the United Kingdom
United Kingdom
The United Kingdom of Great Britain and Northern IrelandIn the United Kingdom and Dependencies, other languages have been officially recognised as legitimate autochthonous languages under the European Charter for Regional or Minority Languages...
. Lend Lease's European Head Office is located in London, with it's Global Headquarters located in Sydney's CBD
Sydney
Sydney is the most populous city in Australia and the state capital of New South Wales. Sydney is located on Australia's south-east coast of the Tasman Sea. As of June 2010, the greater metropolitan area had an approximate population of 4.6 million people...
in Millers Point
Millers Point, New South Wales
Millers Point is an urban locality within Sydney's city centre, in the state of New South Wales, Australia. Millers Point is located on the north-western edge of the Sydney central business district, adjacent to The Rocks and is part of the local government area of the City of Sydney.Millers Point...
. Lend Lease also has regional head offices in New York, New York, Singapore, Singapore & Tokyo, Japan
Lend Lease Residential Development has constructed many high profile developments such as Orion Building
Orion Building
The Orion Building is a tall high rise residential building on Navigation Street, Birmingham 5, England. Construction of the tower began in 2004 with demolition of the previous building on the site, and was completed in 2007. As part of the development, the original façades of some of the previous...
in Birmingham
Birmingham
Birmingham is a city and metropolitan borough in the West Midlands of England. It is the most populous British city outside the capital London, with a population of 1,036,900 , and lies at the heart of the West Midlands conurbation, the second most populous urban area in the United Kingdom with a...
, The Haçienda
The Haçienda
Fac 51 Haçienda was a nightclub and music venue in Manchester, England. It became most famous during the "Madchester" years of the late 1980s and early 1990s, during the 1990s it was labelled the most famous club in the world by Newsweek magazine...
in Manchester
Manchester
Manchester is a city and metropolitan borough in Greater Manchester, England. According to the Office for National Statistics, the 2010 mid-year population estimate for Manchester was 498,800. Manchester lies within one of the UK's largest metropolitan areas, the metropolitan county of Greater...
and Clarence Dock
Clarence Dock (Leeds)
Clarence Dock is a shopping and leisure destination in central Leeds, West Yorkshire, England. It also hosts a large residential population in waterside apartments, as well as a significant office presence....
in Leeds
Leeds
Leeds is a city and metropolitan borough in West Yorkshire, England. In 2001 Leeds' main urban subdivision had a population of 443,247, while the entire city has a population of 798,800 , making it the 30th-most populous city in the European Union.Leeds is the cultural, financial and commercial...
.