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Lend Lease plans £1.5bn investment fund for Stratford

Aussie contractor Lend Lease is drawing up plans for a £1.5bn residential investment fund based on the athletes' village it is building for the London Olympics.
The fund would be the largest of its kind in Britain. It will be floated on the London stock market in 2009.Lend Lease leads a consortium which is building the £2bn athletes' village in the privately developed Stratford City complex next to the Olympic park in east London.Creation of the fund is a response to keen interest in the City in property investments.

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