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16 December 2009
Lend Lease consortium to acquire ING Retail Fund assets
Lend Lease is pleased to announce that a consortium including Lend Lease managed funds has been appointed preferred bidder to acquire the 14 assets of the A$1.4 billion ING Retail Property Fund. The acquisition which is subject to further negotiation is expected to be completed over the next six weeks.
The transaction builds upon Lend Lease’s investment management and retail platforms and its model of investing alongside third party capital partners. Lend Lease expects to contribute up to circa 20 percent of the capital required for the transaction.
For further information please contact:
Investor enquiries:
Steve McCann
CEO and Managing Director
Ph: +61 2 9277 2551 |
stock exchange
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