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STOCKLAND — M&A Activity 2014
May 29, 2014
65781_rns_2014-05-29_dee13fb5-eb8b-40f1-867a-c0272ed9e661.pdf
M&A Activity
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133 Castlereagh Street Sydney NSW 2000
T 02 9035 2000 F 02 8988 2552
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30 May 2014 ASX/Media Release
UPDATE ON AUSTRALAND PROPOSAL
Stockland welcomed the Australand Board’s decision to provide due diligence to Stockland as well as the market update it has also released today.
Stockland will work co-operatively with Australand to undertake due diligence, with the objective of formally providing Australand securityholders with a final proposal for their consideration as soon as practicable.
Stockland Managing Director and CEO, Mark Steinert, said the merger of Stockland and Australand would bring together complementary assets and cultures.
“Stockland and Australand are two high calibre companies and the combined group would be the leading residential developer in Australia, including medium density, the leading owner and manager of shopping centres in regional locations and a top two logistics and business park owner and developer,” Mr Steinert said.
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 Global 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 2014, for the fifth consecutive year.
| For media enquiriesMichelle TaylorGeneral Manager -Stakeholder RelationsStocklandT+61 (0)2 9035 2786M+61 (0)400 356 692 | For investor enquiriesAntoinette PlaterSenior Manager -Investor RelationsStocklandT+61 (0)2 9035 3148M+61 (0)429 621 742 |
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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.