Stockland SGP.ASX

With headquarters in Sydney, Australia, Stockland is a real estate investment trust engaged in the ownership, development and management of property in Australia. The company was founded in 1952, and its portfolio primarily consists of commercial, residential, office, industrial and retirement properties.

The company conducts its business through four major segments: Commercial Property, Residential, Retirement Living Property and Other. The firm is one of the largest diversified property groups in Australia, involved in the operation of 25 retail town centres, 35 strategically positioned logistics properties, 10 high-quality office properties, 50 residential planned communities and 59 established retirement villages. The firm is also one of the top five largest land banks nationwide.

In July 2021, Stockland announced its deal to acquire Halcyon Group, one of Australia’s best-known and most awarded operators of over-50s lifestyle communities. Stockland is focused on taking the best of both organisations to create a leading lifestyle community business in the sector and is also planning a future presence in all major markets around the country. The firm is listed on the ASX, where it trades under the stock ticker SGP.

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