The 2013 financial year may be a difficult one for Stockland due to soft conditions in the housing market but its retail portfolio, on the other hand, is about to see steady improvements.
Woolworth's proposed acquisition of a supermarket site at Glenmore Ridge in the suburb of Glenmore Park, New South Wales has been rejected.
Stockland plans to refine its strategy in hope it will create a pathway that will lead to stronger future returns.
A new CEO and managing director for Stockland has been appointed and will join the company mid-January 2013.
The ACCC has called on for comments on Woolworths’ proposed acquisition of a supermarket site in Glenmore Ridge in Sydney.
Effective focus on creating community hubs with a clear value and convenience offering has helped Stockland's retail division reap $310 million in profit for 2012 financial year, an 8 per cent increase from last year's results.
After more than 11 years in leading Stocklands, managing director Matthew Quinn has announced his retirement as of February 2013.
The first stage of Stockland Shellharbour's $330 million expansion has opened unveiling Coles, Kmart and over 40 specialty stores.
In an aim to enhance the customer experience, Stockland has launched a free mobile app to more 30 of its shopping centres across Australia.
Stockland has sold a 7.7 hectare block of land in Melbourne to Wesfarmers' Coles division for an undisclosed amount.
The sale is part of Stockland's strategic divestments to fund the share buy-back and maintain low levels of debt.
Stockland has appointed Val Morgan Retail Media as a partner to install digital advertising media panels across 38 shopping centres in both metro and regional Australia.
Stockland managing director Matthew Quinn said its 3R strategy - Residential Communities, Retail development and Retirement Living- is helping the company stay on track in achieving its goal
As part of the company's sustainability commitments that was announced by Matthew Quinn, Stockland managing director in March 2009, Stockland Shellharbour is expected to set a benchmark for sustainability.
Stockland Balgowlah shopping centre at The Village recently opened its doors to more than 17,000 people on opening day and 90,571 during the opening week.
Stockland has revised its fiscal 2009 guidance downwards, with residential pre-tax profit expected to be $60 million below previous guidance.