Stockland sells off assets

Company News

by Anna Napoli

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.

Anna Napoli

Finance News Network
Anna joined FNN February 2018 and also works with Channel 7 as a freelance producer. Anna has also worked as a lawyer and lecturer. She has also presented news updates for interstate news with Southern Cross Austereo.