Stockland

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Stockland
Type Public (ASXSGP)
Industry Property development
Founded As Stocks & Holdings (1952)[1]
Headquarters Sydney, Australia
Area served Australia
Key people

Matthew Quinn (Managing Director)

Tim Foster (Chief financial officer)[2]
Revenue increase A$2,130.0 million (2008)[3]
Profit decrease A$704.6 million (2008)[3]
Total assets increase A$14,660.7 million at 30 June 2008[3]
Total equity increase A$8,483.6 million at 30 June 2008[3]
Employees 1,467 (2007)[4]
Website www.stockland.com.au

Stockland is a diversified Australian property development company.

Ervin Graf founded Stockland in 1952 with a vision to “not merely achieve growth and profits but to make a worthwhile contribution to the development of our cities and great country”. In 1957 Stockland lists on the Australian Stock Exchange by acquiring a controlling interest in Simon Hickey Industries Ltd, the smallest company then listed.

In the same year, activities become more diversified. Stockland moves into commercial development, initially with retail projects in various suburbs of Sydney. In 1965 Stockland opened its first big commercial development - the redeveloped Imperial Arcade. Taking place during a retail revolution in Sydney's CBD, it offered the first underground link to David Jones, four retail levels and six levels of office space.


Its current activities include:

  • management of shopping centres, 41 centres valued at 4.8 billion accross Australia.
  • ownership and management of 24 offices in Australian capital cities, the majority in Sydney.[5]
  • distribution centres, industrial and office parks, in five Australian capitals with its biggest holdings in Sydney
  • residential developments around Sydney, Melbourne, Brisbane, Perth and Townsville
  • 4 apartment developments across Australia.[6]
  • Stockland is a top 3 retirement village operator in Australia.[7]

The company has assets of over A$14.6 billion and a market capitalisation around $8.5 billion. The current managing director is Matthew Quinn, and the board chairman is Graham Bradley.

[edit] See also

[edit] References


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