Lend Lease to offload $500m worth of malls

Lend Lease’s investment management arm has put $500 million worth of shopping centres on the block.

Lend Lease’s investment management arm has put $500 million worth of shopping centres on the block as it winds up the unlisted Lend Lease Real Estate Partners 3 fund.

The group will shortly appoint agents to market a portfolio of five subregional shopping centres in the unlisted wholesale fund in the largest retail offering of the year.

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