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

Reuters

05/19

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

** 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;))

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