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Stockland ( (AU:SGP) ) just unveiled an announcement.
Stockland, in partnership with Link Wentworth, City West Housing, and Birribee Housing, has finalized agreements for the Waterloo Renewal Project with Homes NSW. This significant urban renewal initiative will create a sustainable mixed tenure community of over 3000 apartments, with half dedicated to social and affordable housing. The project, set to begin in 2027 pending approvals, underscores Stockland’s commitment to developing vibrant, inclusive communities and enhancing its position in the property development sector.
More about Stockland
Stockland is a leading diversified property group in Australia, specializing in creating and managing connected communities. With over 70 years of experience, the company has a significant portfolio that includes residential and land lease communities, retail town centers, and workplace and logistics assets. Stockland is committed to enhancing social value and fostering community connections, contributing to Australia’s economic prosperity and community well-being.
YTD Price Performance: 1.01%
Average Trading Volume: 7,967
Technical Sentiment Signal: Sell
Current Market Cap: $7.04B
For detailed information about SGP stock, go to TipRanks’ Stock Analysis page.