BUZZ-Australia's LendLease extends gains after UK deal with The Crown Estate

Reuters

May 19, 2025

Updates share moves, adds Citi comment

** Real estate firm LendLease LLC.AX rises 1.2% to A$5.6

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

** Co enters joint venture with The Crown Estate - the property manager of the British monarch - to sell six of its UK development projects

** Shares added over 2% on Friday after co said negotiations for the JV were in late stages

** We upgraded to "buy" last week following the announcement of the potential sale of the UK development portfolio - Citi ('Buy', PT A$7.5)

** Citi says LLC has flagged progress towards a buyback, which may be highly likely with further asset sales

** 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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the property manager of the British monarch - to sell six of its UK development projects** Shares added over 2% on Friday after co said negotiations for the JV were in late stages** We upgraded to \"buy\" last week following the announcement of the potential sale of the UK development portfolio - Citi ** Citi says LLC has flagged progress towards a buyback, which may be highly likely with further asset sales** Co will accelerate release of more than A$300 mln  of capital from its international development book** YTD, LLC falls 10.4%  ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"LLC.AU":"LENDLEASE GROUP","BK7121":"多样化房地产活动"},"translate_title":"BUZZ-澳大利亚LendLease在英国与皇家财产局达成协议后扩大涨幅","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"LLC.AU":0.9},"content_text":"BUZZ-Australia's LendLease extends gains after UK deal with The Crown EstateUpdates share moves, adds Citi comment** Real estate firm LendLease LLC.AX rises 1.2% to A$5.6** Stock among top 10 biggest pct gainers on local benchmark .AXJO** Co enters joint venture with The Crown Estate - the property manager of the British monarch - to sell six of its UK development projects** Shares added over 2% on Friday after co said negotiations for the JV were in late stages** We upgraded to \"buy\" last week following the announcement of the potential sale of the UK development portfolio - Citi ('Buy', PT A$7.5)** Citi says LLC has flagged progress towards a buyback, which may be highly likely with further asset sales** 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;))","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"corporation,event","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}