Lendlease sells 12 Australian Communities projects for $870 mln to Stockland Corp

Stockland

17/12/2023 21:41

Dec 18 (Reuters) - Developer Lendlease Group  LLC.AX 
said on Monday it has entered into an agreement for the sale of
12 Australian master-planned Communities projects to Stockland
Corporation  SGP.AX  and its capital partner, Supalai Australia,
for A$1.3 billion ($870.22 million)

($1 = 1.4939 Australian dollars)

 (Reporting by Echha Jain in Bengaluru; Editing by Sandra Maler)
 ((Echha.Jain@thomsonreuters.com;))