Lend Lease Forms $91M Fund For NZ Mall Takeovers

Law360, New York (October 19, 2011, 1:24 PM EDT) -- Global property and infrastructure company Lend Lease Corp. will launch a NZ$115 million ($91.5 million) private equity fund to acquire a portfolio of four shopping centers in New Zealand, the company said Wednesday.

Lend Lease, headquartered in Australia, seeded the fund with the sale of certain New Zealand assets, and attracted capital commitments from a small group of global institutional investors, including a number of newcomers to the firm’s investment management platform, according to the press release.

Lend Lease CEO Steve McCann said the latest private...
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