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Lend Lease Group (ASX:LLC) has announced that it has reached a financial close to its $122 million UK schools project.
The property developer advises that work on the two secondary schools in London is expected to start next month, with both projects due to be complete by 2014.
CEO and managing director Steve McCann says these projects add to the company’s infrastructure pipeline in the UK.
Mr McCann adds that the partnership between the Wandsworth Borough Council has the potential to deliver additional infrastructure schemes over its ten year tenure.
In the first six months of the 2011 financial year Lend Lease posted a $227 million net profit.
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