Lend Lease Corporation Ltd
(ASX:LLC) has issued a statement in response to media speculation around an acquisition of ING Retail Property Fund.
The Australian Financial Review today reported that the rival pairing of Lend Lease and the Future Fund are the preferred bidders to acquire the unlisted ING fund.
The company says together with its managed funds and capital partners, reviews a range of asset acquisition opportunities from time to time.
Currently this includes a potential acquisition of ING Retail Property Fund, the company says.
Lend Lease says it’s involvement in the competitive process for the acquisition of the ING Retail Property Fund may or may not lead to a transaction.
Lend Lease posted a loss of $653 million in 2009.
