25 Feb 2010

Lend Lease trading halted

12:21 pm on 25 February 2010

Shares in the Australian property developer Lend Lease have been halted, ahead of an announcement on plans to raise more capital.

Lend Lease wants to raise $A806 million to help fund new projects.

The company, which is developing London's Elephant and Castle area, says it made a proft of $A205 million in the first half year.