A 1.25 hectare development site within Merrylands’ Town Centre has sold between Sydney developers. Family owned Coronation Property is paying ASX-listed giant Stockland $41 million for 52-54 McFarlane Street. The parcel is next door to a Stockland owned shopping centre and a block from Merrylands train station. Stockland had previously won permission to replace theRead more
ASX-listed Stockland is paying $105 million for a major residential development play 32 kilometres north of the Melbourne CBD. The 89.5 hectare property, 975 Donnybrook Road, Donnybrook, was marketed as “the best Precinct Structure Plan (PSP) approved site” that direction of the city. Stockland intends to build a community with a school, recreation areas andRead more
EXCLUSIVE Optus has signed a 12 year lease renewal for its landmark campus-style headquarters in Sydney’s north. The landlords, ASX-listed Stockland and joint venture partner, AIMS APAC REIT (AA REIT), which is listed on the Singapore Exchange, will undertake property upgrade works, as part of the deal. The Macquarie Park campus in North Ryde, knownRead more
Stockland has teamed with Mt Atkinson Holdings – led by a consortium of Melbourne businessmen – to create a $2 billion commercial park, set to be the largest industrial project in that city’s west. It is hoped the 260 hectare site, 25 kilometres from the CBD, in Truganina, will also become the city’s largest andRead more
Stockland is paying $121 million for two North Sydney offices adjacent to another it owns at 110 Walker Street (pictured, top). The acquisitions of 118 Walker Street and 122 Walker Street more than double the ASX-listed property giant’s landholding to nearly 2300 square metres. The developer said it plans to soon lodge an application toRead more
Stockland has sold the Cammeray Square shopping centre on Sydney’s exclusive lower north shore for $39.05 million. Private Sydney-based investment house Fortius Funds Management – which last week spent $174 million on three inner-city Sydney retail assets – is the buyer. Cammeray Square forms part of a mixed-use development of four buildings, surrounding a centralRead more
Stockland is adding to its pipeline of Melbourne residential development sites with the acquisition of two strategic parcels west and north of town. Altona North In Altona North, which is 10 kilometres south-west of the Melbourne CBD, Stockland has entered into an agreement with landowner Food Investments Ltd to build 210 townhouses. The land isRead more
EXCLUSIVE Stockland has sold shopping centre Tooronga Village, in Melbourne’s Glen Iris, for a speculated price of about $64 million. The buyer is Newmark Capital, which controls a large and diversified portfolio including South Yarra’s Como building and Jam Factory retail and entertainment complex. Last year, Newmark paid $135 million to Vicinity Centres and TelstraRead more
EXCLUSIVE Stockland has solved a vacancy headache in Melbourne’s south-east. The Sydney-based institution has signed online retailer and wholesaler Sello Products to a new lease for an 8,305 square metre warehouse at 2/1090-1124 Centre Road, Oakleigh South, about 17 kilometres from the city centre. Stockland developed this industrial investment on a speculative basis only aRead more
Stockland is banking $8.3 million from the sale of a permit-ready development site on the Sunshine Coast. The 3977 square metre block, Lot 905 Bokarina Bouevard, Bokarina Beach, is being acquired by RGD Group. It was not for public sale. However when Colliers International agents approached Stockland suggesting a Select Offers to Purchase campaign –Read more
Stockland today announced it is paying $48 million for a 6.3 hectare residential development site in Altona North, about 10 kilometres west of the Melbourne CBD. The property is part of a 67 hectare industrial pocket recently zoned by the Victorian Planning Authority as “Precinct 15” and earmarked for intense residential redevelopment. Stockland plans toRead more
SYDNEY based developer and fund manager Stockland has outsourced the management of its office and industrial assets to California-based CBRE.
A copy of Stockland’s announcement to the ASX is below:Read more
SYDNEY based developer has opened its Stockland Highlands Shopping Centre in the outer northern Melbourne suburb of Craigieburn.
A copy of Stockland’s announcement re: the opening is below:
Craigieburn residents will benefit from a convenient new neighbourhood shopping experience, following the opening of the Stockland Highlands Shopping Centre on Thursday 17 November 2011.
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.Read more
STOCKLAND has paid an as yet undisclosed sum to secure rights to progressively acquire 339 hectares of land in south-west Sydney.
The East Leppington site is near a proposed Leppington train station, some 14 kilometres from Liverpool and 50 kilometres from the CBD. It plans to build 3000 new homes on the site.
A Stockland statement about the transaction is copied below:Read more
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…Read more
SYDNEY-based developer Stockland has absorbed a huge financial loss, finally on-selling a prominent South Yarra development site it paid too much for in 2008.
Stockland has reaped $22.5 million for 2 – 4 Yarra Street site, which is set to make way for an approximate 30 level apartment tower with more than 350 flats.
During the economic downturn, Stockland paid local developer Michael Yates $26.25 million for the 2150 square metre site.
At the time of sale Stockland wanted to build about 250 flats on the site, but it successfully lobbied to increase that number to 353, before listing the asset for sale more than a year ago (image of Stockland’s proposed tower, right).Read more
SYDNEY based Stockland has sold a West Perth office building for $30 million.
The fully leased office, at 1 Havelock Street, traded on a yield of 8.2 per cent.
Stockland paid $28.8 million for it in 2008. In June last year, the asset had a book value of $31.2 million.Read more
SYDNEY-based Stockland Limited has committed to paying $300 million for a 1,121 hectare development site north of Melbourne, reportedly Australia’s largest ever individual land transaction.
The Lockerbie sheep station, about 35 kilometres north of Melbourne, falls within the recently redefined Urban Growth Boundary, now, effectively allowing it to be rezoned for residential use.
To date Melbourne has sprawled substantially east, and south, but less so, to the north and south.Read more
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.Read more