Lend Lease acquires Craigieburn Town Centre in Melbourne For $73.5 Million

Lend Lease and the Lend Lease managed Australian Prime Property Fund Retail (“APPF Retail”) today announced they have purchased a major development site designated as a regional town centre with residential opportunity. The end value of the mixed use town centre is estimated at approximately A$400 million.

The site was acquired 100% from Valad Property Group for A$73.5 million.