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Market Closed -
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5-day change | 1st Jan Change | ||
| 6.28 AUD | +0.80% |
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+0.64% | -15.93% |
| May. 07 | Lendlease Global’s Occupancy Rises to 88.8% in Q1 | MT |
| May. 07 | SKS Technologies Secures AU$11 Million Worth of Defense Contracts | MT |
(Reuters) - Australian property manager Lendlease Group and Canada Pension Plan Investment Board (CPPIB) said on Tuesday they would partner to invest 1.5 billion pounds in UK's build-to-rent private rental sector.
The partnership will initially invest 450 million pounds.
"This investment is a great opportunity for CPPIB to further diversify our European real estate portfolio," Andrea Orlandi, head of real estate investments Europe at CPPIB, said in a statement.
The companies will also pursue "opportunities" within Lendlease's residential urban activities in London and across the UK under a joint venture.
(Reporting by John Benny in Bengaluru; Editing by Maju Samuel)
| 1st Jan change | Capi. | |
|---|---|---|
| -15.93% | 2.81B | |
| +36.86% | 27.86B | |
| +14.64% | 27.33B | |
| +13.69% | 24.82B | |
| -8.82% | 24.62B | |
| +50.95% | 23.43B | |
| +11.92% | 20.61B | |
| +1.39% | 19.49B | |
| +31.19% | 16.41B | |
| -11.61% | 15.23B |
LENDLEASE GROUP 