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Stockland Ups Exposure To Land Lease Sector
Jul 21 2021
On acquiring Halcyon, Stockland is expanding its presence in the land lease sector, which is considered a positive strategic move
-Halcyon should provide Stockland with a strong brand to scale up in this segment
-As a result there should be an improvement in rental and development margins
-A positive strategic move yet does not inspire brokers to change their views
By Eva Brocklehurst
Stockland ((SGP)) is expanding its presence in the retirement living sector, acquiring land lease operator and developer Halcyon for $620m. The acquisition comprises 1500 established sites and 2300 development sites, the majority being in Queensland.
Stockland s big Halcyon bid blows away rivals afr.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from afr.com Daily Mail and Mail on Sunday newspapers.
Stockland advances in Halcyon auction, rivals drop out
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Australiaâs Stockland is closing in on a deal to add Queensland lifestyle villages group Halcyon to its retirement living portfolio.
Street Talk understands Stockland has its nose in front in the Rothschild & Co-run auction for Halcyon, with rival bidders Ingenia Communities and Macquarieâs real estate investment group dropping out of the race in the past few days.
Tarun Gupta-run Stockland has secured exclusivity over up-for-sale Halcyon. Â
Dominic Lorrimer
Stocklandâs believed to have secured exclusive talks and is seeking to agree a transaction this week.
Should Moelis Australia-advised Stockland emerge victorious as expected, the group add Halcyon to its already large retirement living division.
Halcyon daze: Rothschild to anoint property buyer afr.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from afr.com Daily Mail and Mail on Sunday newspapers.