Stockland Sells Non-Core Commercial Assets
Stockland today announced the sale of three commercial office buildings for a total of $95.1 million. The sale includes: •
Read moreStockland Sells Four Shopping Centre Sites For $44 Million
Stockland today announced the conditional sale of four retail development sites to a private development group for a total consideration of $44 million.
Read moreStockland Acquires 12.7% Interest in GDP
Stockland has acquired a 12.7% strategic stake in GPT Group at a volume weighted average price (vwap) of $1.07.
Read moreVicUrban Purchases Melbourne Land Parcel From Stockland For $34.6 Million
Stockland today announced the sale of a 108 hectare parcel of land adjoining its Highlands residential community in Melbourne to VicUrban, the Victorian Government’s urban development agency, for $34.6 million.
Read moreStockland Acquires 5% of FKP For $80 Million
Stockland has today acquired a 5% stake in FKP stapled securities via a share placement and will acquire a stake of up to around 13% through the partial sub-underwriting of a rights issue.
Read moreStockland to Cut its Losses and Sell Altona North Warehouses
Stockland will cut its losses and sell a portfolio of near-new industrial warehouses for about 15 per cent less than the price it paid two years ago.
Read moreStockland Leases Part of Reg Hunt Oakleigh Facility
Stockland is believed to have found a tenant for part of an Oakleigh warehouse facility it bought in 2006, as part of a $120 million industrial portfolio from former car dealer Reg Hunt.
Read moreStockland Streamlines Business Structure to Leverage Market Synergies
Stockland today announced changes to its executive management team and organisational structure, as it focuses on delivering growth in its portfolio and further strengthening its capital partnering initiatives.
Read moreSteve Mann Quits Stockland
Steve Mann, head of Stockland’s Office and Industrial business today announced that he would be leaving Stockland.
Read moreStockland Sells South Australian Shopping Centre For $87.5 Million
Stockland today announced the $87.5 million sale of its Stockland Parabanks shopping centre, as it looks at re-investment opportunities in key strategic growth areas.
Read moreStockland Swaps North Sydney Tower for Sydney CBD Office Building
Stockland has successfully finalised the $450 million swap of its mixed use Northpoint building in North Sydney, for a Castlereagh Street office building in the Sydney CBD.
Read moreStockland Buys South Yarra Apartment Development Site for $26.25 Million
Stockland today announced it had acquired an apartments development site at 2-4 Yarra Street, South Yarra for $26.25 million, strengthening its presence in the Melbourne residential market.
Read moreStockland Delivers Another Record Result
�� Confirms FY08 guidance of 5% EPS growth
Stockland delivered a strong performance for the half year ended 31 December 2007
(1H08), recording a net profit attributable to security holders of $672.5 million, including
property revaluations and other non-operating items.
HEADLINE RESULTS
�� Operating profit* increased by 10.7% to $324.6 million.
�� Earnings per security* increased by 4.2% to 22.4 cents
�� Dividend/distribution per security increased by 5.1% to 22.6 cents#
* (before certain significant items)
Stockland Sells Shares in New Zealand Retail Assets
Stockland today announced the sale of its 50 per cent interest in three New Zealand shopping centres to AMP New Zealand Property Retail Limited (AMP) for A$322 million, as it looks at re-investment opportunities in key strategic growth areas in Australia and the UK.
Read moreStockland Halladale Acquire Edinburgh Development Site For £21.25 Million
Stockland Halladale, the recently established diversified property group created through the acquisition of Halladale Group plc by Stockland, announces it has agreed to purchase 3-8 St Andrew Square, Edinburgh, for £21.25M.
Read moreMirvac beats Stockland for 56ha Melbourne housing site
Mirvac has purchased a 56 hectare residential development site in Melbourne’s south east. Chief executive officer, Victorian Development, Greg Collins,
Read moreStockland to Start Developing Tooronga Village Site in 2008
DEVELOPER Stockland hopes to start demolition on its high-profile Tooronga Village shopping centre, and associated car park by the end of the year, after a consultation period regarding the controversial site lapsed. The development is expected to receive a sign-off from the minister soon.
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Not-for-profit, for-profit trade Melbourne site
Villa Maria Catholic Homes has sold an infill Melbourne aged care home site held for six years. The not-for-profit secured
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Data centre giant buys $350m Melbourne site
The McMullin family has banked an extraordinary capital gain selling a business park site to Blackstone-controlled AirTrunk, which is planning
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Apartment site finds new life in data centre boom
ASX-listed Macquarie Technology Group has agreed to pay $240 million for a Sydney data centre campus site. The deal for
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M&G pays $440m for stake in two logistics estates
M&G Real Estate bought a 49.9 per cent stake in two east coast logistics estates from Stockland. The London based
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M&G sells boutique Melbourne hotel
M&G Real Estate has sold an inner-city Melbourne hotel held just over 10 years. A Singapore trust managed by the
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Serenitas buys another LLC site
Serenitas – owned by Mirvac, Pacific Equity Partners and Tasman Capital Partners – has acquired a land lease community site
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Morgan Stanley makes maiden Australian retail play
Morgan Stanley on behalf of its Real Estate Investing arm, has made its maiden Australian retail investment, taking a stake
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Castlerock breaks ground on government office
Castlerock Property has kicked off construction on a purpose-built government service centre after securing a long-term pre-commitment. The developer is
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UEM sells maiden BTR project on funds-through basis
UEM Sunrise has sold its maiden build to rent project – on busy Hoddle Street in Melbourne’s inner east –
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Newmark sells Tooronga Village
Newmark Capital has quietly divested a Coles-anchored shopping centre in Melbourne’s leafy east after seven years and selling down five
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Event hire group signs west Melbourne industrial lease
An event hire business which services the Australian Open, Australian Grand Prix and AFL Gather Round, has signed a major
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Lucky family banks over $20m for Melbourne farm
Avid Property Group – which last August bought AV Jennings – has quietly snared a farm beside a housing estate
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Sonic expands Macquarie Park footprint, plans state significant project
Stockland has quietly sold a Macquarie Park office to neighbour Sonic Healthcare which has just applied to replace the amalgamation
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Salta sells major Melbourne industrial investment
EXCLUSIVE Salta Properties has sold a major warehouse in Melbourne’s west. The 1.82 hectare property, 29-35 Taras Avenue, near the
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Developer spends $318.5m for housing estate site
Singapore listed Ho Bee Land has picked up a master-planned housing estate site in Brisbane’s outer north. The 181.36 hectare
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Developer swoops on nursery
An industrial developer has picked up the Andreasens Green nursery on the Gold Coast’s outskirts, for $35.2 million. The 12.6
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Arcare buys another development site
The Knowles family’s Arcare has bought another development site, this time in Brisbane’s Moreton Bay. The Melbourne-based boutique aged care
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Cadence, CapitaLand trade $102m distribution centre
EXCLUSIVE CapitaLand Ascendas REIT has quietly sold a major Brisbane industrial investment held a decade. Charlie Buxton’s Cadence Property Group
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Investor buys McDonald’s from IP Generation “sight unseen”
Chris Lock’s IP Generation, since May owned by MA Financial, has sold a McDonald’s restaurant carved from the Glendale Shopping
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Avid spends $114m on Huntley site
Avid Property Group – the local arm of US based Proprium Capital Partners – has paid $114.46 million for the
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Port Adelaide business park trades for $216m
Quintessential has sold the landmark Port Adelaide Distribution Centre after six years, saying “knowing when to exit is just as
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Dexus sheds Fishermans Bend industrial estate
Dexus has sold another asset from the Wholesale Property Fund. The 1.7 hectare Aquatica Business Park (outlined, top), in Port
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Operators trade Mornington Peninsula retirement community
IP-Living has swooped on a profitable aged care facility on 3.65 hectares on the Mornington Peninsula. Baptist Village Vaxter, with
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Coles picks up growth corridor town centre site
Coles Group has snapped up a permit-ready town centre site in Melbourne’s south east. In a deal worth just under
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Indigenous Business Australia divests FNQ mall
A Far North Queensland Coles anchored shopping centre has sold for $34 million. Indigenous Business Australia on behalf of the
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Elanor fund sheds final mall
Elanor Investors Group has sold the last asset from its Property Income Fund. Shopping centre Gladstone Square, 100 kilometres north
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Prominent Townsville car yard sells on third attempt
A prominent car yard a kilometre from the Townsville town centre has sold on its third attempt since 2022. Covering
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Frasers, Morgan Stanley seed industrial venture with eight assets
Frasers Property Industrial – controlled by Thai billionaire Charoen Sirivadhanabhakdi – today announced its first Australian capital partnership, choosing Morgan
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Aged care providers trade $50m Melbourne village
Andrew Philip has sold the last asset held by RCA Villages, which he created in 2008 after holding senior positions
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Redcape snaps up Maeva pub portfolio, 128 EGMs
Redcape has added four Sunshine Coast pubs and 128 electronic gambling machines to its book via a deal for Maeva
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Interstate self-storage group secures Melbourne site
Adelaide based Storage Investments Australia has paid $5.9 million for a growth corridor Melbourne block. The builder, manager and operator
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Lendlease eyes Sydney office for apartments
Lendlease is believed to be back in negotiations for a prominent CBD office permit-ready for a two-tower residential project. The
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Growth corridor sales office fetches $3.7m for Mirvac
Mirvac has sold the two storey display suite for its Smiths Lane housing estate in Melbourne. The leaseback deal with
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Melbourne developer buys maiden regional Queensland site
Stockland has sold the balance of the incomplete North Shore housing estate at Burdell, in Townsville’s north west. The 900
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Revelop secures another NSW mall
Charter Hall has sold another asset from the Retail REIT (CQR). Lake Macquarie Square at Mount Hutton near Newcastle fetched
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JV spends $100m for Brisbane business park
The recently formed KM Property Funds and PGIM Real Estate joint venture has secured another major investment. Following an off-market
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Seniors living: the accommodation options
The Australian seniors living sector is a rapidly evolving industry driven by the aging population, government policies, and growing demand
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Japanese office investor lines up $600m Sydney skyscraper
Tokyo listed office focused investment house, Daibiru, is seeking to buy a Sydney CBD asset, only half which was for
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Singapore fund divests Wollongong mall
Singapore listed Paragon REIT and MA Financial have divested a regional shopping centre for a touch over book value but
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Thai developer strikes major housing estate portfolio deal
The country’s home building landscape is set for another major change with Bangkok-controlled Supalai Australia Holdings, in partnership with Stockland,
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ISPT sheds another mall stake
ISPT is selling a half stake interest in another shopping centre – this time in a Melbourne growth corridor. The
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Queensland convenience retail deal reflects yield softening
A modern convenience retail complex leased to two Collins Foods Ltd brands sold for $7.9 million – $60,000 less than
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Melbourne fund manager buys landmark Queensland mall
Melbourne based fund manager Fawkner Property has added to its Far North Queensland portfolio following an off market deal for
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Billionaire, ASX fund secure next Kmart HQ
In a significant lease deal, Kmart will relocate its Australian headquarters to an office abutting a shopping centre in Melbourne’s
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ISPT offloads Northern Beaches mall
ISPT has sold a Northern Beaches shopping centre for about $60 million – the price it paid nearly 10 years
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Riverside Parramatta plot sells off-market
An under-utilised predominantly vacant office occupying a prime riverside spot in Parramatta’s CBD has sold off-market. The result for 60
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SCentre usurps IP Generation for Adelaide mall stake
SCentre has teamed with Barrenjoey Capital Partners for a half stake in Adelaide’s Tea Tree Plaza and adjoining Tea Tree
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Liven snares another LLC site
GreenFort Capital and Gaw Capital have secured a second site for their over-50s land lease business, Liven Communities. The amalgamation
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Landmark Blacktown mall selling for $900m
Haben, founded in 2009 by father and son Harold and Ben Finger, is teaming with one of the world’s biggest
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Brunetti owner buys cafe, factory from landlord
EXCLUSIVE Brunetti Oro owner Yuri Angele has bought a sizeable inner north restaurant and commercial kitchen from his landlord of
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Henley buys final piece of west Melbourne farm
EXCLUSIVE Henley Homes has snapped up the final piece of a farm marketed as one of the last significant low
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Clarence divests near-new childcare centre
Clarence Property has sold a Brisbane growth corridor childcare centre it completed early last year. The 154-place asset at Ripley,
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Melbourne fund manager scoops up NSW mall
Stockland is selling Chris Lock’s IP Generation a regional New South Wales shopping centre it developed 28 years ago. Worth
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Developer digs deep for ex-Marine Hotel
The Buxton family’s retirement living arm has snapped up Brighton’s former Marine Hotel, behind the Church Street shops, for a
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Centuria divests two west Sydney malls
Centuria has sold two west Sydney neighbourhood shopping centres picked up when it took over Primewest – all up for
Read more
Melbourne fund manager secures enormous dairy farm
Prime Dairy, an agricultural fund manager held by Prime Value Asset Management, is paying $15 million for a north west
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Lease assigned for major car storage facility
A landmark vehicle storage facility spreading 8.68 hectares across two Melbourne streets has been assigned between providers. The 18 month
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Melbourne fund manager secures another regional mall
Melbourne fund manager Fawkner Property is continuing to boost its regional retail portfolio, this time with another asset from Stockland.
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Jesuits sell Melbourne youth centre to developer
EXCLUSIVE Jesuit Social Services has quietly sold a prominent inner north Melbourne youth centre to local developer Milieu. The Brosnan
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NRL scores another hotel
The Australian Rugby League Commission has bought its third hotel in 18 months – this time on the Sunshine Coast.
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Equinox lists Bass Coast, Yarra Valley land lease communities
Two relatively small investment grade land lease communities just outside Melbourne’s outskirts have been listed. At Grantville and Healesville, the
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Charter Hall banks premium for Vic, SA malls
Charter Hall has quietly sold two shopping centres after 10 years. In the biggest deal, the manager, on behalf of
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Haben buys balance of Queensland shopping centre
Harold and Ben Finger’s Haben has quietly snapped up the half-stake interest it didn’t control in Stockland Townsville. Also including
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