Lend Lease Group
(ASX:LLC) has agreed to sell its interest in the Greenwich Peninsula development in London to joint-venture partner Quintain Estates and Developments.
The developer will receive about $156.45 million in cash from the sale, giving it a profit of about $38.8 million.
The agreement is pending approval from shareholders.
Lend Lease Group reported a net profit of $219.4 million in the first half of its 2012 financial year.
