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    How Lendlease became Australia's global builder

    Michael Smith
    Michael SmithNorth Asia correspondent

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    Lendlease's first big step on the road to becoming a global powerhouse started when it decided to shrink.

    A decade ago, the 68-year old company, founded by Dutch immigrant Dick Dusseldorp, that had made its name building the Snowy Hydro and the Sydney Opera House, was operating in 40 countries but only four of them were profitable.

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