In response to speculative articles in the Australian Financial Review today, Lend Lease wishes to reiterate its position in relation to its strategic review of its Real Estate Investments ('REI') businesses.
As Lend Lease has previously advised, it is evaluating alternatives to maximise shareholder value from its REI businesses. As part of that review, the company engaged the services of a number of professional advisers to assist it in this process.
The company has previously made it clear that it will look at all options and does not wish to pre-empt any particular course of action until it has completed its review of the various alternatives.
The company expects the review process to be completed by the end of this year and will advise the market once the outcome of this review has been finalised.
(source: Lend Lease)