Business Services Industry
Lend Lease goes shopping.(investment of Lend Lease Corporation Ltd. in Australian Prime Property Fund Retail)(Brief Article)
Australasian Business Intelligence, April, 2005 by Manning, Paddy
Apr 25, 2005 (The Australian - ABIX via COMTEX)
Australian property developer, Lend Lease, has increased its stake in a property trust. It has paid $A342 million for a 19 per cent holding in the $A1.9 billion Australian Prime Property Fund Retail. This will increase its stake to over 21 per cent. The purchase was made from Suncorp-Metway, and Lend Lease also gains a 20 per cent interest as the manager of the entity. The fund owns some large shopping centres in New South Wales.
Publication Date: 23 April 2005
LEND LEASE CORPORATION LIMITED - ASX
LLC:
SUNCORP-METWAY LIMITED - ASX SUN:
AUSTRALIAN PRIME PROPERTY FUND
RETAIL:
GENERAL PROPERTY TRUST - ASX GPT:
UBS AUSTRALIA LIMITED:
WESTFIELD...
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