Lend Lease is one of few local property groups trading with ordinary shares on the exchange - companies like Westfield, GPT and Stockland made the transition to staple entities some years ago. Lend Lease shares were up seven cents at $10.58 at 1150 AEDT. The company stressed the stapling proposal does not signal a departure from its current strategy, nor does it intend to become part of the listed property trust sector. It said the stapling would simply provide greater flexibility for the holding of assets, should opportunities arise. For the proposal to proceed, Lend Lease's constitution will need to be amended by securing shareholder approval at the company's annual general meeting on November 12.