Oct 17 (Reuters) - Lendlease Group (LLC) said on Tuesday it had sold a stake worth about A$450 million ($352 million) in its retirement living business to Dutch fund manager APG Asset Management N.V. for a net loss of about A$35 million.
The company also said it expected 2018 earnings to be impacted by underperformance in its Australian construction business, but did not disclose to what extent.
($1 = 1.2767 Australian dollars)
News: Australia's Lendlease sells retirement living stake to Dutch fund manager
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