Ochtar Capital Partners purchased Lend Lease Global Real Estate...

Ochtar Capital Partners purchased Lend Lease Global Real Estate Advisors, advisory company to the $1.63 billion Lend Lease Global Properties SICAF fund, in a management buyout. Terms were not disclosed. Parent Lend Lease Corp.'s board of directors approved the management buyout by Ochtar Capital's seven principals as part of a review of its international businesses. Lend Lease retains the right to 75% of incentive fees paid to Lend Lease Global Real Estate Advisors, which is expected between 2006 and 2009.