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Stockland has bigger plans in land lease beyond Halcyon
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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: âWhere it would be appropriate, weâd be open to acquisitions.â Â
Sam Mooy
Stocklandâs purchase of Queensland operator Halcyon, first reported by
The Australian Financial Reviewâs Street Talk column, gives it 3800 lots â two-thirds of which are still in planning or development â and would be earnings accretive immediately, chief executive Tarun Gupta said.
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