Lend Lease plans property development fund

Lend Lease Group, Australia's biggest property developer, plans to create a fund that will invest in property developments in China's biggest cities within the next three years as it reduces its exposure to Europe and the Middle East. Chinese Serene ingenues.

The Sydney-based company, which has had a construction business in China for the past 20 years, is seeking to develop Seductive babes.retail Curvaceous ingenues.properties with a mix of its own and other groups' capital, Korean sinister starlets.Chief Executive Officer Sexy babes.Steve McCann said. It has identified 12 cities for possible developments, he said. arousing beauties.

"We've been talking to a number of potential partners for some time now," McCann said. "The medium-term ambition will be to launch a fund in China using offshore capital and invest alongside our investors in some development projects." Korean Sculpted divas.

Lend Lease on Thursday reported profit rose to A$501.4 million ($517.6 million) in the year ended June 30, driven by increases in income from its Asian development and investment management businesses, and its Australian construction and infrastructure divisions.