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STOCKLAND — Capital/Financing Update 2013
Sep 29, 2013
65781_rns_2013-09-29_00676729-1553-4f5e-a2a3-a35b7166d121.pdf
Capital/Financing Update
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133 Castlereagh Street Sydney NSW 2000
T 02 9035 2552 F 02 8988 2552
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30 September 2013 ASX/Media Release
STOCKLAND SELLS 78 WATERLOO ROAD, MACQUARIE PARK, SYDNEY
Stockland today announced the unconditional exchange of contracts and settlement of 78 Waterloo Road, Macquarie Park, in Sydney’s North West to CorVal on behalf of a club of wholesale investors for $72 million, which is in line with its 30 June 2013 book value .
John Schroder, Group Executive and CEO Commercial Property at Stockland, said: “This sale is consistent with our strategy of optimising securityholder returns by actively managing assets and recycling capital that can work harder elsewhere in our commercial property portfolio.”
Stockland
Stockland (ASX: SGP) was founded in 1952 and has grown to become Australia’s largest diversified property group – owning, developing and managing a large portfolio of shopping centres, residential communities, retirement living villages, office and industrial assets. Stockland was recognised by the S&P Dow Jones Sustainability Indicies (DJSI) as the Australian Real Estate Industry Group Leader for 2013 – 14 and was also named one of the Global 100 Most Sustainable Corporations in the World at the World Economic Forum in Davos, Switzerland in 2013, for the fourth consecutive year.
| For media enquiriesGreg SpearsSenior Manager -Media RelationsStocklandT+61 (0)2 9035 3263M+61 (0)406 315 014 | Michelle TaylorGeneral Manager -Stakeholder RelationsStocklandT+61 (0)2 9035 2786M +61 (0)400 356 692 | For investor enquiriesRoss MoffatSenior Manager -Investor RelationsStocklandT+61 (0)2 9035 2480M+61 (0)412 256 224 | Annabelle TaitSenior Analyst -Investor RelationsStocklandT+61 (0)2 9035 2773M+61 (0)424 547 889 |
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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.