This article is from the Australian Property Journal archive
LEND Lease has sold its 75% interest in the Chelmsford Meadows Unit Trust, which retail and commercial properties located east of London, for £42 million ($A65 million).
The interest was purchased by Legal & General Property.
The Chelmsford Meadows Unit Trust owns the Meadows shopping centre in Chelmsford, east of London and two retail/commercial properties on the adjacent High St.
The shopping centre has 14,300 sqm of retail space and a multi-storey carpark.
Lend Lease CEO Steve McCann said proceeds from the sale will be reinvested into the group’s development pipeline.
PropertyReview
