.
Stockland (ASX:SGP) has raised $400 million via a fully underwritten institutional placement.
The property group says the placement was over-subscribed with support from both domestic and offshore investors.
Stockland Managing Director Mark Steinert says proceeds will fund the group’s $1.5 billion retail pipeline and will also help repay debt to reduce its balance sheet gearing by 3 per cent.
Mr Steinert says the capital will be used to fund its initiatives highlighted in the group’s strategic review such as the $116 million redevelopment of the Hervey Bay Shopping Centre in Queensland.
Under the strategic review, Stockland plans to grow its industrial property portfolio.
Stockland posted a net loss of $147.1 million for the first half of the current 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 |
View Market Depth
| Last trade - 16.10pm 25/08/2025 (20 minute delay) ? |
| SGP (ASX) Chart |