Lend Lease Launches $346 Million UK Fund

Australian property firm Lend Lease has launched a 220 million pound ($345.9 million) fund to invest in healthcare, education and accommodation projects across the U.K., Reuters reported.

(Reuters) Australian property firm Lend Lease has launched a 220 million pounds ($345.9 million) UK infrastructure fund to invest in healthcare, education and accommodation projects.

Lend Lease will get about 75 million pound from sale of initial assets to the fund and another 30 million later from transfer of assets still in construction, it said in a statement on Friday. ($1 = 0.636 British Pounds) (Reporting by Narayanan Somasundaram)