Stockland’s Share Price Dips 0.49%

Despite this morning’s 0.49% share decrease,Stockland Corp Ltd [ASX:SGP] have been very busy of late with ventures set to take place in the near future.

Stockland are now trading at $4.08 in shares and stand at a market cap of $9.912 billion.

Founded in 1952, Stockland grew to become one of Australia’s largest diversified property group.

They specialise in developing and managing shopping centres and a variety of other sectors.

In 2016, Stockland was recognised as a global real estate leader by S&P Dow Jones Sustainability’s Indices.

A consistency of new ventures

Recently Stockland and McDonald’s have teamed up to develop a new multimillion-dollar urban development project which will consist of 350 brand new apartments.

The project will take place at McDonald’s existing Parramatta site in Victoria, just on the corner of Church Street and Victoria Road.

If the project is approved a new revamped McDonalds restaurant and car park will be at the new site.

Stockland wish to continue its re-entry into the apartment market.

Their new partnership with McDonalds has allowed them to generate a stable platform in order for Stockland to achieve their goals.

The Sydney Morning Herald reported that Stockland’s Chief Executive Mark Steiner stated:

We’re pleased to have the opportunity to partner with McDonald’s Australia and collaboratively design a vision for their new restaurant, additional retail and services and up to 350 new liveable homes that will be so well connected to Parramatta’s surrounding amenity and infrastructure, and adjacent to Our Lady of Mercy College Parramatta.’

Green Hills project

Stockland has recently confirmed they are bringing fashion retailer H&M to Green Hills.

Stockland has the intention to expand Green Hills into a retail, lifestyle and fashion mecca which stands on par with metro shopping centres.

Stockland Green hills will be opening May 17 2018.


Ryan Clarkson-Ledward,
For Money Morning

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Ryan Clarkson-Ledward is an Editor at Money Morning.

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