There’s so much choice available that customers can pick and choose who they buy from and where, when, and how it happens. They want to discover, research, evaluate, and purchase on their preferred channel. Give them that option, and they’re more likely to choose you. That’s the whole point behind the multi-channel approach.
Lendlease has unveiled a new-look logo and brand identity in a move that marks a new chapter for the Australian property group.
The rebrand sees the 20-year old blue canopy logo replaced with a new green ‘fold’, which is also interchangeable to align with project brands where relevant. The company has also adopted ‘Lendlease’ as a single word instead of ‘Lend Lease.’
According to Lendlease Group CEO and managing director, Steve McCann, the new look was part of an overall brand update to launch the company’s “next chapter of success”.
“We have emerged out of our five-year strategy to hold a strong market position and believe we have re-established the leadership position of this great organisation,” he said. “As a result, the time is right to evolve our brand.”
A spokesperson for the group told CMO the new logo is about having something more flexible. “Often when Lendlease had to partner with somebody, or a project had a strong identity, the Lendlease logo would appear in black or white and it didn’t have a lot of flexibility in the way it was integrated into a project brand that wasn’t a corporate brand,” the spokesperson said.
“We have an opportunity to harness the reputational benefits of our pipeline of high-profile projects, to raise awareness of our brand and leverage all the benefits associated with our success. “To do this, we need a brand identity that is fresh and vibrant, and one that resonates with both corporate clients and consumers.”
The original blue ‘canopy’ logo was launched by Lendlease in 1995, when it won the contract to expand Sydney Airport in time for the 2000 Olympics. At the time, the group had received approval to begin construction on the Bluewater retail mall in the UK, and had just purchased the Yarmouth Group in New York.
“Our business has changed significantly,” the spokesperson said. “Experience tells us that high-profile corporate brands typically evolve every five to seven years. Our capabilities have grown and we have reached the ‘Lead’ phase of our five-year strategy. We are ready to embrace the future, but our existing brand identity no longer represented the diverse international business we have become.”
The brand update will be funded from existing operational budgets, with change implemented methodically over the next 24 months as a ‘run-down and expire’ strategy, where brand assets are changed systematically according to their stage of development.
Lendlease said a number of key projects being rolled out in each region have been identified as opportunities to fast track the brand change, including The International Quarter in the UK, and Barangaroo and Darling Square in Australia. New projects, such as the Tun Razak Exchange in Malaysia, will also adopt new branding as the project rolls out.
“The new look is reflective of our exciting future as a contemporary, diverse and international business,” McCann added.
The branding project has been underway since early 2014, with STW Group’s strategic brand and design agency, Houston, leading the charge on developing the new company mark. McCann said a thorough process was undertaken to come up with a design to match the company’s iconic status.
“The culmination of this work is a design for our future, providing a unique identity that stretches from consumer to business, enterprise to government partnerships and local to international markets,” he said.
Follow CMO on Twitter: @CMOAustralia, take part in the CMO Australia conversation on LinkedIn: CMO Australia, join us on Facebook: https://www.facebook.com/CMOAustralia, or check us out on Google+: google.com/+CmoAu