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Tag Archives: Stockland

Masterplan Approved For New $3.3 Billion Township: Caloundra South

PLANS for a $3.3 billion new community, known as the Caloundra South project, have advanced with the Queensland Urban Land Development Authority approving the master plan.

The project will be developed over the next 20 to 30 years by Sydney based developer Stockland.

It will include a new commercial centre with about 650,000 square metres of space. It will also include up to 20,000 dwellings capable of accommodating some 50,000 people.

The master plan includes infrastructure, environmental protection, open space, community facilities, commercial uses and housing. It will also include a new town centre, three district centres, six neighbourhood centres and an industrial zone.
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Breeding New Life Into Melbourne’s Landmark Sites

Pentridge Prison, Coburg

Pentridge Prison, CoburgTHIRTY years ago a three-bedroom house in Thomastown cost more than a three-bedroom house in Fitzroy - that's testament to how much Melbourne's attitude to housing has changed.

In the 1970s, to live in Collingwood, Port Melbourne or Yarraville meant to be entrenched in Melbourne's working class. Houses could languish on the market for months - unsellable, unrentable and not worth fixing up.

Today, to own properties in these and many other particularly inner-city suburbs, is to own the real estate equivalent of a gold mine. Since the 1980s, but especially since the turn of this century, where and how Melburnians want to live has shifted and many disused, derelict but once significant sites have been redeveloped. We look at some of the biggest:

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Stockland Pays $22 Million For Three Retirement Villages

STOCKLAND has paid $22 million for three retirement villages.

The complexes were offloaded by Retirement Villages Group (RVG)), a struggling unlisted retirement fund run by the FKP Property Group and Macquarie Bank.

The portfolio acquisition adds 376 to the number of independent units offered by Stockland. Combined with serviced apartments, it now manages a total of 7403 dwellings.
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Stockland Sells Half Share Interest in Two Brisbane Assets

STOCKLAND Capital Parters, which is responsible for the Stockland Direct Office Trust No 1 (SDOT1) has sold a 50 per cent stake in Brisbane's Waterfront Place project for $216.4 million.

The Sydney-based developer will also sell 50 per cent of the entity owning the adjacent Eagle Street Pier project to the Melbourne based Future Fund for $16 million, on the basis o f a completed refurbishment.

Stockland will retain a 50 per cent interest in both projects according to an announcement made today (copied below).

The Waterfront place office rises 36 levels and fronts the Brisbane River. Eagle Street Pier is a low-rise 6,200 square metre shopping centre which is currently being refurbished. The sale price for this asset translates to 7 per cent. Sale price coming soon...

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Greencor Pays $26 Million For Wollert Farm, Melbourne

DESPITE a slowdown in new house sales, developers are continuing to build up a landbank on Melbourne's outskirts, and some farmers have never been happier.

This month, growing local developer Greencor paid $26 million for a 57-hectare farm on Bodycoats Road in Wollert, 27 kilometres north of town, between Craigieburn and Doreen.

Marketed as ''the last big one'', and with the potential to be subdivided into about 900 lots, the property adjoins other farms recently acquired by major developers including Sydney-based, ASX listed giant Stockland, the state government's development arm, Places Victoria, and Evolve Development, part directed by Melbourne millionaire and former Fairfax Media chairman Ron Walker.
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Stockland Considering Selling Brisbane’s Waterfront Place Office as a Whole

SYDNEY based developer and fund manager Stockland is reportedly considering to sell all of its Waterfront Place office building in Brisbane, after failing to offload a half share since April.

The 36-level building with lower level retail has become tired, and institutional purchasers were said to be turned off by the idea of redeveloping the office and retail components, with a joint venture partner.
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Stockland Pays $48.7 Million For South East Queensland Residential Development Sites

STOCKLAND has paid $48.7 million for residential development sites in south-east Queensland.

In an announcement to the Australian Stock Exchange, the Sydney-based developer and fund manager said the properties are about six kilometres south of the Ipswich CBD and 36 kilometres south-east of Queensland capital Brisbane.

Stockland said it looks forward to working with council to deliver value for money homes that cater for a variety of budgets.
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