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
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Stockland pays $105 million for Donnybrook farm
ASX-listed Stockland is paying $105 million for a major residential development play 32 kilometres north of the Melbourne CBD. The
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Stockland secures Optus to HQ for 12 more years
EXCLUSIVE Optus has signed a 12 year lease renewal for its landmark campus-style headquarters in Sydney’s north. Landlords Stockland with
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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
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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,
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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
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Stockland snares two major Melbourne residential development sites
Stockland is adding to its pipeline of Melbourne residential development sites with the acquisition of two strategic parcels west and
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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.
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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
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Stockland sells Sunshine Coast development site off-market for $8.3 million
Stockland is banking $8.3 million from the sale of a permit-ready development site on the Sunshine Coast. The 3977 square
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Stockland pays $48m for Altona North site
Stockland is paying $48 million for a 6.3 hectare Altona North residential development site. The property is part of a
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Stockland to Outsource Management
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:
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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.
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).
Read moreStockland Sells West Perth Office For $30 Million
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.
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Stockland pays $300m for Kalkallo’s Lockerbie
Stockland is paying $300 million for a 1,121 hectare Melbourne development – understood to be Australia’s largest individual land transaction.
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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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Stockland Sells 333 Kent Street For $41.5 Million
SYDNEY based developer and fund manager Stockland has sold the 333 Kent Street office building in Sydney for $41.5 million.
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Stockland Starts Building Craigieburn Shopping Centre
HAVING opened the Stockland Tooronga Shopping Centre in Glen Iris on Thursday, Sydney-based developer Stockland has bought forward plans to build a $40 million, 7087 square metre complex in Melbourne’s outer north.
Preparatory construction work has started for two Craigieburn developments: the Stockland Highlands Shopping Centre at Bridgehaven Village, and another complex, The Corner Store, off Waterview Boulevard.
Stockland Highlands will open in the middle of next year and include 22 speciality shops and a piazza style town square.
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Ultra Tune Buys Strata Office in Stockland’s Tooronga Redevelopment
DESPITE a job in which driving luxury cars is a perk, Ultra Tune boss Sean Buckley doesn’t want to travel for too long, to get to work.
Mr Buckley will relocate the company’s headquarters from Box Hill, to Glen Iris, after paying a speculated $2.4 million for a 400 square metre strata office suite, part of Stockland’s massive $500 million Tooronga Village redevelopment, about nine kilometres south-east of town.
Even though development at the Glen Iris site has been rampant in recent years, Stockland is only into the first redevelopment stage, of five.
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Stockland in $70m play for Centro Hervey Bay
Stockland is reportedly paying about $70 million for shopping centre Centro Hervey Bay. The asset is being offloaded by Centro
Read moreStockland, ID, Prepare to Develop in Melbourne’s Outer North
IT has been another busy week in Melbourne’s outer north, with one company announcing a major $45.8 million acquisition of a residential development site in Craigieburn, and another launching a $60 million housing estate in nearby Mernda.
In the biggest deal, Sydney-based developer Stockland has acquired a 100 hectare development site abutting its hugely successful Highlands development, about 35 kilometres north of town.
The acquisition is the latest in a string for Stockland, which in February paid $58 million for two sites totalling 117.4 hectares in Wollert, not far from Craigieburn.
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Stockland Pays $58 Million For Two Major Development Sites, Melbourne
SYDNEY-based developer Stockland has paid about $58 million for two major residential development sites in Melbourne’s outer north.
In the same week the company announced it would focus less on developing apartments, and more on providing low density housing, the group announced two separate land purchases, of 52.4 hectares, and 65 hectares, in Wollert, about 25 kilometres from town.
Stockland is expected to yield 1100 housing lots from the sites, giving it exposure to Melbourne’s burgeoning Epping growth corridor for some years.
Read moreEx Stockland and Mirvac Exec Announces West Footscray Townhouse Project
THE man who bought high rise living to South Yarra ten years ago, and helped develop Beacon Cove in Port Melbourne, has turned his hand to another development, on West Footscray’s Stony Creek.
Former Mirvac and Stockland executive Cameron Alderson’s latest development proposal, Canopi, aims to solve housing affordability issues by offering efficiently designed townhouses on small “inner-city” size blocks of around 175 square metres.
Canopi, at the end of Lae Street, will include 43 townhouses each including three bedrooms, two bathrooms, two car spots and a rear courtyard. Kingsford Property is marketing the townhouses, which range in price from $479,000 to $550,000.
Stockland Close to selling 234 Sussex Street For $40 Million
STOCKLAND is believed to be making about $40 million from the sale of its 234 Sussex Street office, in the
Read moreStockland to Double Retirement Portfolio, Appoints New Head
SYDNEY-based developer Stockland is continuing to ramp up its potentially lucrative retirement living division, appointing former management consultant David Pitman to the new role of group strategy head.
Mr Pitman said he wants to double the group’s retirement portfolio to about 8,000 units over the next five to six years, which would boost department earnings from the current 7 per cent it contributes to Stockland’s total coffers.
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