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Lend Lease Launches New European Property Fund

LONDON-Lend lease has launched a new closed-ended European property fund along the lines of its successful Value Enhanced funds in the USA. The

By Graham Parker | Updated on November 26, 2001

LONDON-Lend Lease is looking to repeat the success of its four Value Enhanced funds in the USA–which between them raised over $1.29 billion over seven years–with the launch of a €300 million ($265 million) European Value Enhanced Fund.

The new fund will only invest within the Eurozone, which rules out investment in UK property. Initially it will target the office and retail sectors in France, Germany, Italy, Spain, Belgium, Austria, Portugal and Finland.

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