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Lend Lease Gets Specific on Plans for Recently Launched European Fund

NEW YORK CITY-Lend Lease initiated a European Fund to tap the foreign market six weeks ago, but only now has opted to go public with the news and shares exclusively with GlobeSt.com a look at its earliest stage.

By Anthony Garritano | Updated on February 01, 2001

NEW YORK CITY-Lend Lease Real Estate Investments Inc., a real estate investment management firm with a US portfolio of $41 billion, has launched a European security fund as part of an ongoing effort to add a more global look to its services. The fund caters to US investors looking for diversification.

This move marks the second security fund that Lend Lease has launched in the past year. It was actually born six months ago, but it is only now that the company has decided to unveil it and shares exclusively with GlobeSt.com insight on its first few weeks.

“Last February Lend Lease launched its first mutual fund, and this past December launched the second installment,” Mark Hoopes, vice president and product manager of Lend Lease, reveals. “The main difference between the two funds is that the first invests solely in the US, while the more recent fund looks to the European market. But both are channeled to the US investor.

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