Stockland Sells Off Two Commercial Assets

Stockland, one of the largest diversified property groups in Australia, with more than $17.9 billion of real estate, owns and manages retail town centres, business parks, office assets, residential communities and retirement living villages. Yesterday they announced the sale of two of their commercial assets.

The group’s Stockland Wallsend shopping centre has been unconditionally contracted at $81 million. The centre is just 10 km outside Newcastle and has 43 retail tenants over a…