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Stockland Acquires Land Lease Community Operator

19 Jul 2021  |  08:36:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: Stockland acquires land lease community operator

Stockland announced that it has entered into binding agreements to acquire Qld based Halcyon Group's land lease communities business for $620m plus transaction costs and subject to certain adjustments at completion. The transaction includes the acquisition of 3,800 sites across 13 land lease communities, made up of six established land lease communities, four communities in the development and three projects in planning.

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