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Asia Pacific
Lend Lease Communities Fund 1
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 The Lend Lease Communities Fund 1 (LLAuCF1) was launched in July 2006 as a closed-ended, unlisted wholesale property fund. The Fund is Australia’s first wholesale communities fund and is the first of a proposed series of vehicles.
LLAuCF1 comprises investments in three master-planned community developments to be delivered by Delfin Lend Lease at Ropes Crossing in New South Wales, Lakeside in Victoria and Woodlands in south-east Queensland. The development rights to the projects were acquired for approximately A$186 million. The transaction was funded via a combination of equity and debt.
The minimum investment in LLAuCF1 is A$5 million.
Total equity committed by investors was A$120 million.
Pictured: Lakeside, Victoria, Australia
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