Stockland (SGP)

Shares / Stock Code

SGP

Stock Exchange / Sharemarket

ax

Stockland (SGP) is a property investment, development and management group engaged in the development and marketing of land, construction and marketing of townhouses, construction of commercial buildings, hotel management, investment in commercial properties, management of trusts as well as property leasing and management. SGP was listed on the Australian Stock Exchange (ASX) on the 19th of February 1987. Its average annual revenue reaches approximately $609 million out of its issued capital of approximately $1 billion. Its headquarters is located in Sydney, Australia and to date; around 1,300 people are employed in the company. Stockland operates mainly in four business divisions: shopping centre division, development division, unlisted property funds division and commercial and industrial division.

The shopping centre division of Stockland is in charge of the management, development, leasing and marketing of Australia and New Zealand sub-regional shopping centres.

The development division of Stockland in collaboration with the real estates business is engaged in the acquisition, design, marketing as well as the project management of the integrated housing and residential estates in two countries. Stockland’s retail division portfolio is comprised of 40 retail properties accommodating 22 specialty stores in over 2,700 retail tenancies.

Stockland's unlisted property funds division is in charge of the provision of retail and wholesale investors with the opportunities to directly invest in properties from a diversified portfolio.

Stockland (SGP) Company History

Stockland (SGP) was established when they acquired the Stock and Holdings Group Assets, which includes investment companies and properties carrying out residential and commercial development sales businesses.

Stockland obtained all of the Stockland Property Trust assets when the company was liquidated in 1982. With the company being excluded from the other group because of the transfer of all the Stockland Corporation shares, the group was restructured. Unit holders became Stockland Corporation’s shareholders during the same year. The group later acquired the Advance Property Fund and Flinders Property Trust in 2001.

In 2003, MFS Securities and Underwriting purchased the Stockland’s two retail developments. However, residential Estate development site was sold to the group, which was located in South West of Brisbane, in 2004. Also, Foster’s Groups property development business was acquired by the group during the same year.

In September of 2006, John Schroder was given the position of being the Shopping Centre division’s Chief Executive Producer by the Group.

In October of 2006, the group acquired a premium manufacturing portfolio, which was the Toll Holdings and Stockland launched its Stockland Direct Retail Trust Number 1, the first unlisted shopping centre fund, giving their retail investors publicity to a diversified shopping centres portfolio.