Lendlease has received an unsolicited offer for half-stakes in three shopping centers in its A$2.8 billion ($2 billion) Australian Prime Property Fund Retail by Hong Kong investor Link REIT.
Sources with knowledge of the proposal told The Australian Financial Review that the proposal for about A$1.5 billion ($1 billion) of Lendlease’s shopping center assets covers the 50 percent interest in shopping centers across NSW, Queensland and Western Australia that the fund owns.
