Developer buys entire suburb for eye-watering $193m
A leading developer has paid big bucks for a masterplanned community of 6000 new homes south west of Brisbane.
A leading developer has paid big bucks for a masterplanned community of 6000 new homes south west of Brisbane.
We have a once in a lifetime opportunity to drive innovation and investment in new industries, says Stockland chief Mark Steinert.
Stockland has gone external for its next head, naming Lendlease CFO Tarun Gupta, while a strategy shift looms to speed profits.
Stockland chief executive Mark Steinert believes there will be a longer-term shift to suburbia, benefiting the entire metropolitan economy.
It has been almost five months since Stockland announced the departure of Mark Steinert as managing director, with no replacement in sight.
Stockland is riding the tide of government stimulus that is enticing first home buyers into the market.
The country’s largest residential developer has seen a sales surge, but builders are scrambling to meet demand.
Banks and miners weighed on the ASX 200 and Westpac’s Bill Evans pushed his RBA easing prediction out to November from October.
Shopping centre giant Stockland has been hit by lower retail rent collections during the coronavirus pandemic, but its diversified portfolio has offset some of the pain.
A bounce-back in residential packages helped steady developer Stockland’s results after its commercial holdings were hit by a $500m drop in value.
Australian listed property companies are believed to be getting their succession planning in order.
Surveying Melbourne’s commercial property sector, Macquarie Equities has identified the listed groups likely to be hardest hit.
Stockland could be hit by the slowing housing market and tighter credit environment.
Unit developer Harry Triguboff has brought in a raft of measures to halt weakening sales in a market he says is getting worse.
Stockland is offloading two commercial properties for close to $200m as it shifts its focus to logistics and business parks.
Stockland has reaffirmed its full-year guidance as home buyers continue to snap up its affordable offerings.
Stockland will develop and own childcare centres as part of its residential communities.
Listed property group Stockland will develop a $540 million residential project in Melbourne’s western growth corridor.
Stockland says strong economic conditions will help support its projects, as it booked a jump in funds from operations.
Residents can retain ownership of their home and land and sell the property, with no exit or deferred management fee.
Stockland’s Mark Steinert has warned of low returns on offer for institutional investors in build-to-rent schemes.
Stockland is backing the concept of build-to-rent housing to take off if governments get policy settings right.
There is a chance to ‘reset the nation’ if new housing-related policies are enacted, Stockland CEO Mark Steinert says.
Government obstruction is delaying the transition ‘from cows to bulldozers’ by up to 10 years and costing billions.
Stockland’s Andrew Whitson has called on government authorities to start developing Australia’s second-tier cities.
Graham Bradley is set to stand down after 11 years chairing the shopping centre owner.
The group spent two days each in Shanghai and Beijing meeting business people, economists, diplomats and others.
Original URL: https://www.theaustralian.com.au/topics/stockland/page/4