Lend Lease has a staff of 750 in the affluent Atlanta suburb. Fred N. Pratt Jr., who joined Lend Lease through its 1999 acquisition of Boston Financial, is the company's CEO for United States operations, based in Atlanta.
The reports cite a release by the parent company in Australia, which claims that Lend Lease Corp. is "evaluating alternatives to maximize shareholder value from its (real estate investments) business." The article states Lend Lease has retained several financial advisers to analyze a possible sale of the Buckhead division.
"The company has previously made it clear that it will look at all options and does not wish to preempt any particular course of action until it has completed its review of the various alternatives," according to reports of the statement.
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