Stockland (AU:SGP) has released an update.
Maximize Your Portfolio with Data Driven Insights:
- Leverage the power of TipRanks' Smart Score, a data-driven tool to help you uncover top performing stocks and make informed investment decisions.
- Monitor your stock picks and compare them to top Wall Street Analysts' recommendations with Your Smart Portfolio
Lendlease announced the completion of a significant transaction, selling 12 Australian master-planned communities to Stockland Corporation and its partner for $1.06 billion. This marks a major step in Lendlease’s strategy to recycle $2.8 billion of capital in FY25, as the company seeks to streamline operations and improve profitability. The first payment of $515 million is expected today, with additional payments due in early and mid-2025.
For further insights into AU:SGP stock, check out TipRanks’ Stock Analysis page.
