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Lendlease offloads $470m quarter stake in retirement business

People & Companies / Latest News

Australia

Oct 17 2017

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Simon Johanson, The Sydney Morning Herald

Diversified property giant Lendlease has sold a quarter of its retirement living business to Dutch pension fund investment manager APG Asset Management for an estimated $470 million.

The transaction covers all components of the retirement business, including ownership of the established retirement village portfolio, the operating platform and the business's development capabilities and pipeline, Lendlease said.

Go to The Sydney Morning Herald and read the full story.

SOURCE: The Sydney Morning Herald

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