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Highlights 2005
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2005Lend Lease acquires a 33% interest in the Performance Retail Limited Partnership, a UK based property investment fund. The Fund’s initial properties comprise the Arndale Centre in Eastbourne, England, and the Cameron Toll Shopping Centre in Edinburgh, Scotland.
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Lend Lease and General Property Trust (GPT) sign an Asset Transfer and Facilitation Agreement and Lend Lease announces its support for a smooth transition for GPT following approval of GPT’s internalisation proposal by unitholders.
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Australian Prime Property Fund Retail (APPF Retail) raises in excess of A$200 million in new equity following the A$160 million (50%) acquisition of Greensborough Plaza in Melbourne, Australia.
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Lend Lease acquires Suncorp Life’s approximately 19% interest in Australian Prime Property Fund Retail (APPF Retail).
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Lend Lease acquires 50% of the Golden Square Shopping Centre in Warrington, England under an agreement with the Performance Shopping Centre Partnership to co-invest and manage the redevelopment of the Centre. Lend Lease Retail is to act as development manager for the existing scheme and extension and is asset and property manager.