Lendlease Group's (ASX:LLC) shares were down 2% in recent trading on Tuesday after the firm said it is supportive of the strategy of the trustee for the Australian Prime Property Fund Retail, to maximize value for all unitholders through an orderly realization of the retail portfolio, which may result in Lendlease exiting its co-investment, according to a statement late on Monday.

Lendlease Real Estate Investment, the responsible entity for the Australian Prime Property Fund Retail, said that the liquidity window for the fund is closed.

The liquidity strategy will seek to maximize value through competitive processes, per the statement.

The group's retail strategy now will focus on the growth of its international retail platform, its urban retail precincts, as well as new and existing domestic and international mandates, Vanessa Orth, Managing Director Investment Management Australia for Lendlease, said.