** Shares in Cromwell Property up 5.8% at A$0.46
** The Australia-based real estate investor and fund manager to sell its European fund management platform and co-investments for A$457 mln ($302.7 mln)
** Sees proforma earnings impact of negative 8%3 from deal with Stoneweg
** Says deal will allow co to simplify business and transition to a capital light fund management model,
** Including session's gains, stock has risen about 10% so far this year
($1 = 1.5099 Australian dollars)
(Reporting by Prerna Bedi in Bengaluru)
((Prerna.Bedi@thomsonreuters.com; +91 98052 24616;))
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