Diversified developer Stockland is looking to turbocharge its development of small neighbourhood malls across its housing estates, seeking capital partners to back a retail property fund with a potential end value of $1.2 billion.
Stockland is seeking one or more capital partners to take up to a 70.1 per cent stake in what it is calling the Stockland Retail Trust, according to an investment teaser obtained by The Australian Financial Review.
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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
Campbell Kwan covers commercial and residential real estate for The Australian Financial Review, based in the Sydney newsroom. He was previously the breaking news reporter. Email Campbell at campbell.kwan@afr.com
