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Lendlease Group Announces Aware Super Acquires Additional Interest in RL Trust

31 Mar 2022  |  09:16:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: Aware Super acquires additional interest in RL Trust

Lendlease Group announced that Aware Super, has entered into an agreement to acquire an additional 24.9% interest in the Lendlease Retirement Living Trust, having purchased an initial 25% interest in March 2021. The acquisition, for a consideration of $4901m. Upon completion, Aware Super will hold a 49.9% interest in the Lendlease Retirement Living Trust, Lendlease will hold a 25.1% interest and Dutch pension asset manager, APG Asset Management, will hold a 25% interest.

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