Australia's Lendlease climbs on $265 million property stake sales

Lendlease

22/12/2025 03:13

** Shares of Australia's LendLease LLC.AX rise as much as 2.2% to A$5.1, its biggest intraday pct gain in two months

** The integrated real estate business says it will sell a 40% interest in The Exchange TRX retail mall and 60% interest in adjacent office tower in Malaysia

** Co says sale to Valiram Family Office is for A$400 million ($264.80 million)

** Adds, remaining 20% interest in retail mall will move into Investments segment

** Stock down ~18.2% YTD, including session's moves

($1 = 1.5106 Australian dollars)

 (Reporting by Aamir Sheik Khalid in Bengaluru)

 ((Aamir.SheikKhalid@thomsonreuters.com))