Stockland sell two malls for $143 million

Company News

by Rachael Jones

Property development company Stockland (ASX:SGP) has found private investors to buy the Stockland Cleveland shopping centre and the Toowong retail and commercial centre in Brisbane.

The centres will go for a combined price of $143 million.

The company is on track to hit their $400 million target of divestments over two years.

Both transactions are expected to settle by 30 June 2019.

Shares in Stockland (ASX:SGP) are trading 0.14 per cent higher to $3.71 

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