Stockland paying $415 million for control of Box Hill’s $4 billion The Gables housing estate

Stockland is paying Celestino Property Development, which is owned by poultry entrepreneurs the Baiada family, $415 million for the undeveloped 196 hectare portion of The Gables housing estate, in Sydney’s Box Hill. The master-planned community has since 2015 been replacing 293 hectares of dairy farm land, nearly 50 kilometres north west of the city. Upon

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JB Hi Fi, Brandlink, lease speculatively built warehouse at Stockland’s KeyWest Distribution Centre

Stockland has secured two high profile businesses to tenant a $44 million speculatively built facility at its KeyWest Distribution Centre in Truganina, in Melbourne’s west. JB Hi Fi and Brandlink have taken a combined 30,000 square metres. The recently completed 30,576 sqm complex forms part of a Stockland plan to push into Melbourne’s industrial distribution

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Stockland paying $15 million for Brunswick timber yard recently rezoned for high density residential

EXCLUSIVE Stockland is paying $15 million for a 4010 square metre former industrial site in Melbourne’s inner north Brunswick. The 429-435 Albert Street parcel was only recently rezoned to allow for high density residential development. The holding is less than 100 metres from a 7500 sqm block, 397-403 Albert Street, which rival Mirvac acquired last

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Coronation Property pays Stockland $41 million for Merrylands build-to-rent site

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 the

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Stockland, AIMS APAC REIT, secure Optus HQ at Macquarie Park for 12 more years

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, known

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Stockland to co-develop $2 billion Truganina business park – the largest industrial project in Melbourne’s west

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 and

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Stockland spends $121 million on neighbouring North Sydney offices to create super-site

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 to

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Fortius picks up Cammeray Square from Stockland for $39.05 million

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 central

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Stockland sells Tooronga Village to Newmark Capital for c$64 million

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 Telstra

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Stockland commits Sello Products to Oakleigh South after surrendering Matt Blatt lease

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 a

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Stockland Highlands Shopping Centre Opens, Craigieburn

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:

November 23:

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.

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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 Acquires Control of 339 Hectare East Leppington Site, Sydney

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:

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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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Stockland Sells South Yarra Development Site at a Loss

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).

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