Despite the building slowdown in Australia, property and construction giant Lend Lease has unveiled a significant increase in profits as a more than doubling in the Group’s earnings in property development and an almost doubling in infrastructure development profits more than offset declining earnings in construction and investment management and a spike in corporate costs amid restructuring charges.

Despite the building slowdown in Australia, property and construction giant Lend Lease has unveiled a significant increase in profits as a more than doubling in the Group’s earnings in property development and an almost doubling in infrastructure development profits more than offset declining earnings in construction and investment management and…