Lend Lease has joined Mirvac and Stockland in moving to become a stapled entity.

Lend Lease plans to seek shareholder approval to change its corporate structure at its annual meeting next month to create a new trust to be bolted on. A stapled entity is a property trust that also undertakes development and other business activities.

Lend Lease strategy head Tony Lombardo said yesterday the change would have no immediate impact on the group's operations.

The Australian