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STOCKLAND — Capital/Financing Update 2012
Apr 18, 2012
65781_rns_2012-04-18_f4fd8b1c-8f97-45a9-b36c-f6e76dd034be.pdf
Capital/Financing Update
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133 Castlereagh Street T 02 9035 2552 Sydney NSW 2000 F 02 8988 2552
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19 April 2012 ASX/Media Release
STOCKLAND SELLS ITS HALF STAKE IN 7 MACQUARIE PLACE
Stockland has sold its 50% holding in 7 Macquarie Place in Sydney to its joint venture partner UniSuper for $55 million.
The price is at a premium of $2.7 million or 5.2% to 31 December 2011 book value.
CEO Commercial Property John Schroder said: “The sale demonstrates our continuing focus on increasing returns through active capital management.
“This brings our total asset sales so far in FY12 to $972 million, which is being used to fund our extended security buyback, growth in our core businesses and to maintain low debt.”
For media enquiries contact For investor enquiries contact Michelle Taylor Brett Zarb Alex Abell Senior Manager External Media Relations Manager Senior Manager Investor Communications Stockland Relations Stockland Stockland T +61 (0)2 9035 2786 T +61 (0)2 9035 2552 T +61 (0)2 9035 2553 M +61 (0)400 356 692 M +61 (0)417 256 563 M +61 (0) 466 775 112
Stockland Corporation Ltd ACN 000 181 733 Stockland Trust Management Ltd ACN 001 900 741 AFSL 241190 As Responsible Entity for Stockland Trust ARSN 092 897 348.