Stockland (ASX:SGP) has announced the sale of two assets from its commercial property portfolio.
The company is selling its Stockland Wallsend centre in Newcastle and an office building in North Sydney.
The total value of the divestment will be around $193 million.
Stockland says the sales will take the total value of commercial property assets sales to $306 million for the financial year to date.
Shares in Stockland (ASX:SGP) closed 0.96 per cent higher to $4.19 yesterday.