Australian based contractor and developer loan has appointed Meg Spriggs to the role of managing director of development for the Americas, effective October 1. Spriggscurrently head of residence for From Lendlease The Google Development Ventures partnership will be based in the San Francisco office and report directly to Americas CEO Claire Johnston.
In his new role, Spriggs will assume responsibility for the company’s $21 billion development pipeline in the Americas, which includes projects in New York, Boston, Chicago, Los Angeles and the Bay Area.
I Spriggs
Permission granted by Lendlease
“Meg’s collaborative nature and innovative approach, coupled with her expertise in market-driven real estate strategy, enables her to navigate complex development projects with precision and excellence,” Johnston said in the statement . “I am confident that he will expertly support regional leadership as we continue to scale our development business, leveraging the capabilities of Lendlease’s integrated platform.”
Spriggs brings 23 years of development experience to his new role, having overseen the acquisition and development of more than 4,000 apartment units, representing more than $2 billion in capital in various US markets. In his previous role at Lendlease, he developed and implemented the strategy and business plan for a residential portfolio in four mixed-use districts in the San Francisco Bay Area.
Prior to joining Lendlease, Spriggs held leadership positions at Shorenstein Properties and AvalonBay Communities.
Spriggs has a master’s degree in real estate development from Columbia University and a bachelor’s degree in economics and Spanish from the University of Oregon.
In July, Lendlease sacked around 10% of its global workforce. The cuts affected about 740 workers in total, or about 5% of Australian staff and 15% elsewhere in the world, estimated to save the business between A$80 million ($54.4 million) and A$100 million in costs.
