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Stockland (ASX:SGP) may be selling 20 per cent of its industrial portfolio.
The company announced this morning that it is in discussions with a potential buyer to purchase the assets for about $200 million.
The offer will help gear the property investment company’s interests further towards retail, and will allow it to self-fund growth opportunities.
At the end of May, Stockland sold 50 per cent of its stake in Waterfront Place, also known as the fifth tallest building in Brisbane, to the Future Fund for $216.4 million.
In the second half of last year, Stockland reported a profit of $425 million.
News: Stockland industrial portfolio sale
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Last
$5.06 |
Change
-0.090(1.75%) |
Mkt cap ! $12.74B | |||
| Open | High | Low | Value | Volume |
| $5.17 | $5.18 | $5.05 | $26.37M | 5.193M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 252697 | $5.06 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $5.08 | 30740 | 3 |
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| Last trade - 16.10pm 20/11/2024 (20 minute delay) ? |
| SGP (ASX) Chart |
