** Shares of Growthpoint Properties Australia rise as much as 1.1% to A$2.700, on track for best day since late Sept., if current gains hold

** Real estate manager entered into agreement with TPG Angelo Gordon; TPG Angelo will buy overall 80% interest in six Growthpoint industrial assets, with net sale proceeds of A$181 mln($125.45 mln)

** Analysts at Citi says deal is a "positive step for Growthpoint's funds management strategy utilising differentiated third party capital to grow the platform"

** Stock up 14.6% YTD as of last close

($1 = 1.4428 Australian dollars)

(Reporting by Shivangi Lahiri in Bengaluru)

((shivangi.lahiri@thomsonreuters.com))