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Lendlease Group Enters Agreement With DHL Supply Chain for Victoria Logistics Facility

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Lendlease Group's (ASX:LLC) Australian Prime Property Fund Industrial struck a deal with DHL Supply Chain (Australia) to deliver a purpose-built logistics facility in Victoria, according to a Wednesday statement.

DHL Supply will design and construct a high-specification distribution facility on a nine-hectare portion of the site, with the arrangement securing a long-term lease to DHL.

Construction of the facility started in June and is targeted for completion in October 2027. Australian Prime Property Fund Industrial will manage ownership of the facility upon practical completion.

Lendlease Group shares gained over 1% in recent Wednesday trade.

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