.
Lend Lease Group (ASX:LLC) says it has launched a $153 million private equity fund to acquire a portfolio of four shopping centers in New Zealand.
Lend Lease will have a 5.3 per cent co-investment in the fund that will be called the Lend Lease Real Estate Partners New Zealand Fund.
The property developer says the fund is a wholesale investment vehicle that has equity commitments of around $90 million from global institutional investors.
Separately, yesterday Lend Lease said it would implement the final phase of the US Army lodging privatization program which has a value of $590 million.
In the 2011 financial year Lend Lease recorded a net profit of $493.2 million.
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Last
$5.53 |
Change
0.085(1.56%) |
Mkt cap ! $3.809B | |||
| Open | High | Low | Value | Volume |
| $5.46 | $5.54 | $5.45 | $1.536M | 279.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 14 | 6289 | $5.52 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $5.53 | 6830 | 14 |
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| Last trade - 10.45am 12/09/2025 (20 minute delay) ? |
| LLC (ASX) Chart |