Article: Lend Lease Ups Securities Investment.

Lend Lease Real Estate Investments has increased its 50% ownership stake in Lend Lease Rosen Real Estate Securities to 74.9% and has also entered into a three-year agreement to buy the rest of the company from its partner Rosen Financial Services II, a partnership controlled by Kenneth T. Rosen and Michael A. Torres.

The terms of the transaction were not disclosed.

Lend Lease REI - a real estate advisor to pension funds, managing $35 billion in real estate and commercial mortgages for private and institutional U.S. investors, and a part of the Australian Lend Lease Group - had entered into a venture with Mr. Rosen and Mr.Torres in 1997 to form Lend Lease ...

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