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Stockland Sells Shares in New Zealand Retail Assets

National 

Stockland Sells Shares in New Zealand Retail Assets

January 18, 2008 Marc Pallisco Real Estate News, 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.

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