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LEND LEASE TO BUILD, MAINTAIN BP'S EUROPEAN RETAIL NETWORK.

AsiaPulse News

| April 01, 2009 | COPYRIGHT 2009 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

SYDNEY, April 1 Asia Pulse - Australian property giant Lend Lease Corporation Ltd (ASX:LLC) has signed a new five-year contract with BP International Ltd (BP), continuing a 12 year alliance between the companies.

Under the contract Lend Lease, through its Bovis Lend Lease division, will provide project management services to construct and maintain BP's retail network across ten European countries.

Lend Lease said the relationship would continue to be based upon a balanced scorecard approach, with profits earned by Bovis Lend Lease dependent on performance against agreed BP business objectives.

"The commitment that both BP and Lend Lease bring to the relationship enables increased capital ...

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