Stockland Corp Ltd rises Thursday, underperforms the Real Estate sector
Here is the latest company close update for Stockland Corp Ltd, SGP.
Here is the latest company close update for Stockland Corp Ltd, SGP.
The competition regulator has approved the deal on the proviso that a key NSW housing estate is sold off to address its concerns.
Star trims statutory loss to $1.69bn as earnings, underlying profit take a hit. Cettire drops on analyst downgrade. Brickworks lifts on underlying profit beat. Step One insiders’ near-$32m selldown weighs. Platinum rebuffs Regal takeover.
Stockland has confirmed it is in talks with the ACCC over plans to sell an Illawarra housing project as it seeks approval for its $1.3bn purchase of Lendlease’s housing estates business.
Premier Investments flags lower earnings, sacked Smiggle boss Cheston denies ‘serious misconduct’. Hotel Property Investments rejects $718m bid by Charter Hall Retail, Hostplus. Westpac CEO successor named. Steadfast in a trading halt. Star results awaited.
Moves made by the Reserve Bank will influence how fast sales come back, and the country’s largest residential developer called out one state’s performance as lagging.
Weak guidance weighs on Megaport. Collins Foods’ first-half earnings warning. Dividend surprise lifts Northern Star. Super Retail hits record high on special dividend amid scandal. Richard White adds $1bn more to his coffers.
The job will see the listed group forge back into developing apartments – at the expense of embattled rival Lendlease.
The competition regulator says the deal in its current form could create issues in three states.
The deal shows the shopping centre market is rolling on even while other property sectors are only just recovering.
Former UBS banker, Aspen boss and Stockland executive Clem Salwin is believed to have landed a top executive role at Westfield shopping centre owner Scentre.
A large housing development is being planned on land next to a Fleurieu country club, after it was bought for $23m by an interstate developer.
The property group has swooped has swooped on five land lease community projects in Queensland, picking them up from the Living Gems Group amid the housing affordability crisis.
The listed property giant is looking to accelerate its rollout of new centres by taking on a big capital partner.
The country’s top residential player is joining global and local developers in the new sector that is transforming property.
Asset sales are what Lendlease needs to allay market fears of an equity raising, say analysts.
Stockland is understood to have held talks with listed rival Lendlease about an acquisition of at least part of its $1.7bn-plus Australian Communities business.
Property heavyweight Stockland is looking for a capital partner on its planned $1.5bn office tower in North Sydney as it steps up its commercial development pipeline.
The country’s largest residential developer has acquisitions on the agenda in the logistics and land lease community space.
Haben is understood to have conducted due diligence on a half stake in the centre at a price approaching $130m.
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