Australia's Lend Lease says defers some asset sales

SYDNEY, May 11 (Reuters) - Australian contractor Lend Lease Corp (LLC.AX) does not believe it is appropriate to sell certain assets, including some equity investments in Public to Private Partnership projects in the UK, in current market conditions, it said on Monday.

The company said that revised guidance after the removal of these items and other adjustments for the year ending June 30 is for net operating profit after tax of about A$300 million ($227 million).

Lend Lease's previous guidance of between A$380 million and A$400 million included an amount of around 30 percent related to capital recycling and financial close on projects where Lend Lease is the preferred bidder. (Reporting by Jonathan Standing)