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Stockland Limited (ASX:SGP) is expanding its national retail portfolio through buying Sugarland Shoppingtown in Bundaberg on the Central Coast of Queensland.The property investor and developer will pay $59.25 million to AMP Capital managed fund for a 50 per cent interest in the asset.Stockland has also exchanged put and call contracts with a client of AMP Capital to buy its 50 per cent stake in the asset at a later date on similar terms.The binding put and call contracts may be exercised between 6 and 24 months after the initial acquisition of 50 per cent.Stockland advises the purchase includes management, leasing and development rights and settlement has already occurred.Stockland reported a net profit of $527 million in the 2014 financial year.
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Last
$6.45 |
Change
0.050(0.78%) |
Mkt cap ! $15.47B | |||
| Open | High | Low | Value | Volume |
| $6.36 | $6.47 | $6.35 | $40.47M | 6.284M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 3631 | $6.44 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.46 | 1510 | 1 |
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| Last trade - 16.10pm 25/08/2025 (20 minute delay) ? |
| SGP (ASX) Chart |