Stockland Corp Ltd rises Wednesday, underperforms the Real Estate sector
Here is the latest company close update for Stockland Corp Ltd, SGP.
Stockland
Oreana snaps up second Queensland community
The Melbourne developer has secured its second Queensland development by acquiring a 160ha slice of a mega Stockland master planned community in Townsville.
Stockland locks in KKR, M&G
Property giant Stockland is closing in on a deal in which US private equity house KKR and British funds giant M&G Real Estate will join it as partners in growing its logistics operations.
Stockland tips residential recovery as it takes hit on margins
Positive fundamentals in the housing market will see volumes come back in Sydney and beaten down Victoria will stage a recovery, according to the nation’s largest residential developer.
Boyd and Stockland in talks on airport logistics precinct
In what could be the final mega project of his storeyed property career, veteran developer John Boyd is in talks with Stockland to develop a controversial Cooks Cove site into a logistics precinct.
Stockland swoops on Jetstar HQ as apartment hopes take off
Jetstar staff will soon be looking for a new office in Victoria as the big name developer gets into back into apartments in the major capitals.
ASX 200 down; what next after CBA’s $250bn milestone
Resolute Mining CEO arrested in Mali. Endeavour’s profit warning weighs. Incitec rises on improving earnings, sale update. HMC hits record. CBA sets new peak at $150.35. DP World takeover fires up Silk Logistics.
Stockland wins approval to buy $1.3bn housing estate portfolio
The competition regulator has approved the deal on the proviso that a key NSW housing estate is sold off to address its concerns.
ASX 200 soars to second-highest close; Star reveals profit hit
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 in sale talks to win approval for $1.3bn housing deal
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.
ASX 200 falls, led by energy, consumer stocks; Premier dives
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.
Housing market recovery hinges on rates: Stockland
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.
ASX rises for tenth straight day; Megaport, Collins, G8 dive
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.
Stockland hits high note with Waterloo Estate win
The job will see the listed group forge back into developing apartments – at the expense of embattled rival Lendlease.
ACCC concerned by Lendlease, Stockland estate sale
The competition regulator says the deal in its current form could create issues in three states.
IP Generation inks $315m deal for Stockland Glendale
The deal shows the shopping centre market is rolling on even while other property sectors are only just recovering.
ASX 200 lifts; Santos jumps on takeover interest
Middle East takeover talks may lure other Santos bidders. $1bn Lendlease, Stockland deal hits ACCC hurdle. Magellan June flows mixed, funds under management slip. Seven’s retention bonus for Boral CEO.
Lendlease strategy hits ACCC hurdle
Lendlease has hit a snag as it looks to cut down its sprawling empire
ASX all red; BHP’s last-gasp olive branch
April inflation higher than expected. BHP makes case to continue Anglo American takeover talks. IAG sued for alleged deceptive conduct. Fortescue down on Jarden rating. MA Financial narrowly avoids first strike.
ASX 200 closes down; Boss Energy dives
ASX finishes lower on quiet day of trading as April retail sales come in below forecasts. Peter Warren issues profit warning. Southern Cross Media considering ACM proposal. Boss Energy hit by CEO, chair selloff.
Shopping centres back in vogue with investors
Listed giant Stockland has sold its Glendale centre in Lake Macquarie, NSW, to private equity real estate investor IP Generation for about $300m.
Lonergan joins PwC as head of HR
The embattled accounting firm has turned to a long-term Qantas employee, now chief people officer at Stockland, to help oversee its cultural transformation following its tax scandal.
CBA mulls land-lease home loans
Commonwealth Bank will consider providing ‘kick-starter’ home loans to young customers to finance landless homes in a model Stockland chief executive Tarun Gupta says would help workers.
Revelop grows metro grip with $155m Stockland bid
Shopping centres in large cities are again in heavy demand and private buyers have are making the running as institutions sell.
Stockland gears up for a surge in residential demand
Australia’s largest residential developer Stockland says it has weathered the housing storm and is gearing up for a surge in demand for its home estates and land lease projects.
ACCC to investigate Stockland’s $1.3bn housing deal
The competition regulator will look at the impact of the transaction by the country’s top listed developer on the supply of homes.
Jail for super swindler that wiped out victims’ life savings
A Melbourne property developer who swindled $520,000 from vulnerable victims including a teacher, a pharmacist and a shearer has been jailed.
Make your bet: the mega-trends reshaping property
Under-pressure Lendlease finally sells one of its foundation assets in a chase for higher-density urban living.
Lendlease sells off estates as it looks to inner city
Lendlease’s $1.3bn sale of 12 housing communities to Stockland underscores the construction giant’s shift towards higher density inner-city projects.
Final bidders revealed for $4bn Waterloo housing estate overhaul
The race to develop Sydney’s $4bn Waterloo Estate housing project has narrowed to a contest between two big developers.
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