Builder, developer and fund manager Lendlease has won investment from two Japanese real estate companies into a $1.5 billion new office tower it manages and partly owns in London.
The two Japanese groups – Sotetsu Urban Creates and Yasuda Real Estate – are new to Lendlease’s investment management stable and will take a combined 20 per cent stake, worth $131 million, in the 53,000-square-metre tower rising above Moorgate station.
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Nick Lenaghan edits the property section, which covers all aspects, from residential real estate and housing and construction to commercial property – office, retail, industrial – and major ASX-listed developers and real estate investment trusts. Connect with Nick on Twitter. Email Nick at nlenaghan@afr.com
