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Stockland has bigger plans in land lease beyond Halcyon

Stockland has bigger plans in land lease beyond Halcyon Save Share Stockland has given the clearest signal yet of its plans to dominate the growing land lease market, saying it is looking at further acquisitions after bedding down its $620 million Halcyon purchase. The company says it will tap outside capital to expand in the affordable housing market for 55-to-75-year-olds. Tarun Gupta: “Where it would be appropriate, we’d be open to acquisitions.”   Sam Mooy Stockland’s purchase of Queensland operator Halcyon, first reported by The Australian Financial Review’s Street Talk column, gives it 3800 lots – two-thirds of which are still in planning or development – and would be earnings accretive immediately, chief executive Tarun Gupta said.

How two friends built a $150m retirement empire

News by Chris Herde Premium Content   After 16 years building its business in southeast Queensland over 50s lifestyle communities pioneer Halcyon will seek new growth opportunities interstate. Since launching in 2004 they have sold 1450 home - with 200 sales waiting settlement - across six completed and three Halcyon communities at various stages of completion. With a 10th community to be launched at Burpengary East, Halcyon expects to turnover $100m in revenue this financial year and $150m in 2021-22. Halcyon joint managing director Dr Bevan Geissmann said they were building up and despite having a couple of mega future southeast Queensland sites on their radar it was time to expand interstate.

How two friends built a $150m retirement empire

How two friends built a $150m retirement empire
gattonstar.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from gattonstar.com.au Daily Mail and Mail on Sunday newspapers.

How two friends built a $150m retirement empire

How two friends built a $150m retirement empire
frasercoastchronicle.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from frasercoastchronicle.com.au Daily Mail and Mail on Sunday newspapers.

How two friends built a $150m retirement empire

How two friends built a $150m retirement empire
whitsundaytimes.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from whitsundaytimes.com.au Daily Mail and Mail on Sunday newspapers.

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