Australia's LendLease rises on JV with UK co for asset sale

Lendlease

19/05/2025 02:09

** LendLease LLC.AX rises as much as 2.5% to A$5.670, highest since May 15

** Stock among top 10 biggest pct gainers on local benchmark .AXJO

** Real estate business enters joint venture with British firm The Crown Estate to sell six of its UK development projects

** Co will accelerate release of more than A$300 mln ($192.4 mln) of capital from its international development book

** YTD, LLC falls 10.4%

($1 = A$1.5596)

 (Reporting by Nichiket Sunil in Bengaluru)

 ((Nichiket.Sunil@thomsonreuters.com;))