Hang Seng
17,575.52
(-0.34%)
Dow Jones
40,415.44
(0.32%)
Nikkei 225
39,625.14
(0.07%)
FTSE 100
8,198.78
(0.53%)
USD/AUD
0.6690
(-0.32%)
Bitcoin
67,675.89
(-1.09%)
Oil
79.95
(0.21%)
Gold
2,403.40
(0.36%)
Lithium
41.42
(1.37%)
Iron Ore
102.6
(-0.85%)
Hang Seng
17,575.52
(-0.34%)
Dow Jones
40,415.44
(0.32%)
Nikkei 225
39,625.14
(0.07%)
FTSE 100
8,198.78
(0.53%)
USD/AUD
0.6690
(-0.32%)
Bitcoin
67,675.89
(-1.09%)
Oil
79.95
(0.21%)
Gold
2,403.40
(0.36%)
Lithium
41.42
(1.37%)
Iron Ore
102.6
(-0.85%)
Hang Seng
17,575.52
(-0.34%)
Dow Jones
40,415.44
(0.32%)
Nikkei 225
39,625.14
(0.07%)
FTSE 100
8,198.78
(0.53%)
USD/AUD
0.6690
(-0.32%)
Bitcoin
67,675.89
(-1.09%)
Oil
79.95
(0.21%)
Gold
2,403.40
(0.36%)
Lithium
41.42
(1.37%)
Iron Ore
102.6
(-0.85%)
Hang Seng
17,575.52
(-0.34%)
Dow Jones
40,415.44
(0.32%)
Nikkei 225
39,625.14
(0.07%)
FTSE 100
8,198.78
(0.53%)
USD/AUD
0.6690
(-0.32%)
Bitcoin
67,675.89
(-1.09%)
Oil
79.95
(0.21%)
Gold
2,403.40
(0.36%)
Lithium
41.42
(1.37%)
Iron Ore
102.6
(-0.85%)
Hang Seng
17,575.52
(-0.34%)
Dow Jones
40,415.44
(0.32%)
Nikkei 225
39,625.14
(0.07%)
FTSE 100
8,198.78
(0.53%)
USD/AUD
0.6690
(-0.32%)
Bitcoin
67,675.89
(-1.09%)
Oil
79.95
(0.21%)
Gold
2,403.40
(0.36%)
Lithium
41.42
(1.37%)
Iron Ore
102.6
(-0.85%)
Hang Seng
17,575.52
(-0.34%)
Dow Jones
40,415.44
(0.32%)
Nikkei 225
39,625.14
(0.07%)
FTSE 100
8,198.78
(0.53%)
USD/AUD
0.6690
(-0.32%)
Bitcoin
67,675.89
(-1.09%)
Oil
79.95
(0.21%)
Gold
2,403.40
(0.36%)
Lithium
41.42
(1.37%)
Iron Ore
102.6
(-0.85%)
Hang Seng
17,575.52
(-0.34%)
Dow Jones
40,415.44
(0.32%)
Nikkei 225
39,625.14
(0.07%)
FTSE 100
8,198.78
(0.53%)
USD/AUD
0.6690
(-0.32%)
Bitcoin
67,675.89
(-1.09%)
Oil
79.95
(0.21%)
Gold
2,403.40
(0.36%)
Lithium
41.42
(1.37%)
Iron Ore
102.6
(-0.85%)
Hang Seng
17,575.52
(-0.34%)
Dow Jones
40,415.44
(0.32%)
Nikkei 225
39,625.14
(0.07%)
FTSE 100
8,198.78
(0.53%)
USD/AUD
0.6690
(-0.32%)
Bitcoin
67,675.89
(-1.09%)
Oil
79.95
(0.21%)
Gold
2,403.40
(0.36%)
Lithium
41.42
(1.37%)
Iron Ore
102.6
(-0.85%)
Hang Seng
17,575.52
(-0.34%)
Dow Jones
40,415.44
(0.32%)
Nikkei 225
39,625.14
(0.07%)
FTSE 100
8,198.78
(0.53%)
USD/AUD
0.6690
(-0.32%)
Bitcoin
67,675.89
(-1.09%)
Oil
79.95
(0.21%)
Gold
2,403.40
(0.36%)
Lithium
41.42
(1.37%)
Iron Ore
102.6
(-0.85%)
Hang Seng
17,575.52
(-0.34%)
Dow Jones
40,415.44
(0.32%)
Nikkei 225
39,625.14
(0.07%)
FTSE 100
8,198.78
(0.53%)
USD/AUD
0.6690
(-0.32%)
Bitcoin
67,675.89
(-1.09%)
Oil
79.95
(0.21%)
Gold
2,403.40
(0.36%)
Lithium
41.42
(1.37%)
Iron Ore
102.6
(-0.85%)
Search
Hang Seng
17,575.52
(-0.34%)
Dow Jones
40,415.44
(0.32%)
Nikkei 225
39,625.14
(0.07%)
FTSE 100
8,198.78
(0.53%)
USD/AUD
0.6690
(-0.32%)
Bitcoin
67,675.89
(-1.09%)
Oil
79.95
(0.21%)
Gold
2,403.40
(0.36%)
Lithium
41.42
(1.37%)
Iron Ore
102.6
(-0.85%)
Hang Seng
17,575.52
(-0.34%)
Dow Jones
40,415.44
(0.32%)
Nikkei 225
39,625.14
(0.07%)
FTSE 100
8,198.78
(0.53%)
USD/AUD
0.6690
(-0.32%)
Bitcoin
67,675.89
(-1.09%)
Oil
79.95
(0.21%)
Gold
2,403.40
(0.36%)
Lithium
41.42
(1.37%)
Iron Ore
102.6
(-0.85%)
Hang Seng
17,575.52
(-0.34%)
Dow Jones
40,415.44
(0.32%)
Nikkei 225
39,625.14
(0.07%)
FTSE 100
8,198.78
(0.53%)
USD/AUD
0.6690
(-0.32%)
Bitcoin
67,675.89
(-1.09%)
Oil
79.95
(0.21%)
Gold
2,403.40
(0.36%)
Lithium
41.42
(1.37%)
Iron Ore
102.6
(-0.85%)
Hang Seng
17,575.52
(-0.34%)
Dow Jones
40,415.44
(0.32%)
Nikkei 225
39,625.14
(0.07%)
FTSE 100
8,198.78
(0.53%)
USD/AUD
0.6690
(-0.32%)
Bitcoin
67,675.89
(-1.09%)
Oil
79.95
(0.21%)
Gold
2,403.40
(0.36%)
Lithium
41.42
(1.37%)
Iron Ore
102.6
(-0.85%)
Hang Seng
17,575.52
(-0.34%)
Dow Jones
40,415.44
(0.32%)
Nikkei 225
39,625.14
(0.07%)
FTSE 100
8,198.78
(0.53%)
USD/AUD
0.6690
(-0.32%)
Bitcoin
67,675.89
(-1.09%)
Oil
79.95
(0.21%)
Gold
2,403.40
(0.36%)
Lithium
41.42
(1.37%)
Iron Ore
102.6
(-0.85%)
Hang Seng
17,575.52
(-0.34%)
Dow Jones
40,415.44
(0.32%)
Nikkei 225
39,625.14
(0.07%)
FTSE 100
8,198.78
(0.53%)
USD/AUD
0.6690
(-0.32%)
Bitcoin
67,675.89
(-1.09%)
Oil
79.95
(0.21%)
Gold
2,403.40
(0.36%)
Lithium
41.42
(1.37%)
Iron Ore
102.6
(-0.85%)
Hang Seng
17,575.52
(-0.34%)
Dow Jones
40,415.44
(0.32%)
Nikkei 225
39,625.14
(0.07%)
FTSE 100
8,198.78
(0.53%)
USD/AUD
0.6690
(-0.32%)
Bitcoin
67,675.89
(-1.09%)
Oil
79.95
(0.21%)
Gold
2,403.40
(0.36%)
Lithium
41.42
(1.37%)
Iron Ore
102.6
(-0.85%)
Hang Seng
17,575.52
(-0.34%)
Dow Jones
40,415.44
(0.32%)
Nikkei 225
39,625.14
(0.07%)
FTSE 100
8,198.78
(0.53%)
USD/AUD
0.6690
(-0.32%)
Bitcoin
67,675.89
(-1.09%)
Oil
79.95
(0.21%)
Gold
2,403.40
(0.36%)
Lithium
41.42
(1.37%)
Iron Ore
102.6
(-0.85%)
Hang Seng
17,575.52
(-0.34%)
Dow Jones
40,415.44
(0.32%)
Nikkei 225
39,625.14
(0.07%)
FTSE 100
8,198.78
(0.53%)
USD/AUD
0.6690
(-0.32%)
Bitcoin
67,675.89
(-1.09%)
Oil
79.95
(0.21%)
Gold
2,403.40
(0.36%)
Lithium
41.42
(1.37%)
Iron Ore
102.6
(-0.85%)
Hang Seng
17,575.52
(-0.34%)
Dow Jones
40,415.44
(0.32%)
Nikkei 225
39,625.14
(0.07%)
FTSE 100
8,198.78
(0.53%)
USD/AUD
0.6690
(-0.32%)
Bitcoin
67,675.89
(-1.09%)
Oil
79.95
(0.21%)
Gold
2,403.40
(0.36%)
Lithium
41.42
(1.37%)
Iron Ore
102.6
(-0.85%)

Stockland (ASX: $SGP) forms capital partnership and acquires $1.06bn MPC portfolio

Stockland announces acquisition of MPC portfolio and new capital partnership


Stockland (ASX: $SGP) has announced the acquisition of a Masterplanned Communities (MPC) portfolio worth approximately $1.06 billion. The company has also established the Stockland Residential Communities Partnership (SRCP) as part of its strategic priorities, aiming to reshape its portfolio and strategically restock its landbank.

Executive commentary on strategic rationale and financial impact


Tarun Gupta, MD & CEO of Stockland, highlighted the significance of the acquisition, stating that it represents a step change in reshaping the company's portfolio and extends its residential platform. Andrew Whitson, CEO of Development, emphasized the unique opportunity to strategically restock and position for market recovery, while Alison Harrop, CFO, discussed the expected financial impact, including the accretive nature of the acquisition from FY25 and the enhancement of recurring income for the Group.

Summary of Stockland's acquisition and outlook


Stockland's acquisition of the MPC portfolio and the establishment of SRCP align with the company's strategic priorities, aiming to extend its residential platform and strategically restock its landbank. The move is expected to be accretive to the Group's FFO per security from FY25, enhancing ROIC and generating new recurring income streams. The company anticipates a potential increase in settlement volumes and upside from adjacent opportunities, positioning itself for future growth and market recovery.

Sourcehttps://announcements.asx.com.au/asxpdf/20231218/pdf/05ynq7vxkx13bs.pdf

Share to Social
0 Comments
Inline Feedbacks
View all comments

Stock Piper AI Index Coming Soon!

Join our Newsletter to gain exclusive insight and be notified once we are live.

By clicking Subscribe, you agree to our Terms & Conditions

ASX News, First And Fast.

Get all the latest market updates straight to your inbox.

By clicking Subscribe, you agree to our Terms & Conditions