Oct 17 (Reuters) - LendLease Group (LLC)
- Announced sale of 25 per cent of its retirement living business to APG Asset Management N.V.
- Overall impact of transaction including transaction costs will be a net loss after tax of about A$35 million
- Established a joint venture with Softbank Group to develop and own telecom infrastructure assets in United States
- LendLease and Softbank have each committed US$200 million equity to fund identified seed assets
- FY18 result expected to be impacted by underperformance in company's Australian construction business
- HY18 EBITDA contribution from Australian construction business is expected to be lower than prior corresponding period
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