Lend Lease Corp plans Oz distressed real estate fund
Australian construction and property management solutions company Lend Lease Corp has unveiled plans for a new A$400 million ($366 million) private equity fund targeting a range of commercial properties, from office buildings to shopping centers, currently held corporate and individual distressed owners.
Growing re-financing pressures and capital shortage are apparently generating attractively-priced opportunities in the sub-sector. Lend Lease has reportedly corralled a small consortium of domestic and...
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