Lend Lease tries again
Days after its failed bid on FKP, Lend Lease looks to be preparing for another retirement deal.
Just days after FKP rejected an unsolicited takeover bid from Lend Lease, it seems the international property group is at it again.
Now Lend Lease has declared a 6.18 per cent interest in retirement living operator Babcock & Brown Communities, leading to speculation that it will make a bid for the company.
In a statement, Lend Lease said it purchased 40,282,729 shares in B&B Communities on Monday, 23 June at a rate of 44.98 cents each.
B&B Communities merged with Primelife in May last year and is now estimated to be Australia’s second-biggest retirement operator.
