Stockland Corporation Ltd (ASX: SGP) Completes Acquisition of Residential Communities
Acquisition Details
Stockland Corporation Ltd (ASX: SGP) has successfully completed the $1.06 billion acquisition of 12 residential masterplanned communities. This acquisition aligns with Stockland’s ongoing strategy to enhance its residential portfolio through the Stockland Supalai Residential Communities Partnership.
Operational Impact
The acquisition is expected to bolster Stockland’s presence in the residential market and support its commitment to creating connected communities.
Executive Remarks
“This acquisition marks a significant milestone for Stockland as we continue to deliver value through strategic investments in our residential communities,” said Ms. Katherine Grace, Company Secretary of Stockland.
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