The competition regulator has approved the $1.3 billion acquisition by Stockland of a portfolio of Lendlease’s housing estates, clearing the way for the next leg of Lendlease’s ambitious restructuring program.
The proposed deal, signed last year, had been delayed as the Australian Competition and Consumer Commission extended its review of the implications for competition in regional markets.
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Nick Lenaghan edits the property section, which covers all aspects, from residential real estate and housing and construction to commercial property – office, retail, industrial – and major ASX-listed developers and real estate investment trusts. Connect with Nick on Twitter. Email Nick at nlenaghan@afr.com
