Business Services Industry
Lend Lease on the hunt.
Australasian Business Intelligence, July, 2005
Jul 21, 2005 (BRW - ABIX via COMTEX)
Lend Lease has been busy since missing out on buying General Property Trust. The Australian property group has reorganised its senior management, cancelled a share buyback and paid $A615 million for Crosby Homes. Greg Clarke, the CEO of Lend Lease, is likely to adopt a policy of growth via acquisitions.Fairclough Homes, the British home building offshoot of US group Centex Corporation, is a potential acquisition. Steve McCann, the head of equity capital markets at ABN Amro, has been placed in charge of Lend Lease's investment management operations.
Publication Date: 21 July 2005
LEND LEASE CORPORATION LIMITED - ASX LLC:
GPT GROUP - ASX GPT:
CENTEX CORPORATION:
CROSBY HOMES LIMITED:...
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