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Stockland Divests Additional $143m of Retail Assets

14 Mar 2019  |  09:22:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: Stockland divests additional $143 million of retail assets

Stockland announced further progress on its non-core retail divestment strategy, with the unconditional exchange of two retail assets for a combined total of $143m, reflecting a 2.9% premium to combined book value. The divestments relate to a 100% interest in both the Stockland Cleveland shopping centre in Brisbane and the Toowong retail and commercial centre in Brisbane's southern suburbs, each to private investors.

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