Stockland acquires lifestyle villages operator Halcyon Group for $620 million

 Developer Stockland (ASX: SGP) has today made its first major announcement with new CEO Tarun Gupta at the helm, securing a deal to acquire Queensland-based Halcyon Group and its land lease communities for $620 million.

The agreement includes the purchase of 3,800 sites across 13 land lease communities, made up of six established land lease communities, four communities in development and three projects in planning.

The new acquisition will bring more than 2,500 new customers to Stockland's portfolio, in addition to a team of more than 100 people.

Read More: https://www.businessnewsaustralia.com/articles/property-developer-stockland-acquires-halcyon-group-for--620-million.html




Comments

Post a Comment

Popular posts from this blog

Loyalty Program Strategies for Driving Profits in Business

Image
 Hi all, A lot has been written and said about using loyalty programs to increase profits. However, most entrepreneurs do not take out the time to read the material of create a loyalty program strategy. They straightaway start with the process by offering discounts to existing buyers or attracting them by offering gifts or incentives. As an entrepreneur, I know the importance of data. Thus, when I created a loyalty program, I ensured that it was based on the needs of the buyers. I also made it mandatory to complement rewards with exemplary service. I am sharing an article here to make you understand this concept.     https://www.business2sell.com.au/blogs/strategy/loyalty-program-strategies-for-driving-profits-in-business
Read more

Gold Coast's Hollywood Showgirls nightclub operator charged with stealing mobile phone

Image
 Gold Coast nightclub owner Craig Duffy has been charged with stealing after an alleged incident between the glitter strip entrepreneur and a body corporate member outside his Surfers Paradise strip club, Hollywood Showgirls. Mr Duffy — a former Australian pool champion — will front the Southport Magistrates Court on September 7 after being charged with stealing a mobile phone on August 12. Read more: https://www.abc.net.au/news/2021-08-19/pub-today-gc-hollywood-showgirls/100390522
Read more

Anzac Day commemorations give hope to World War II veteran who saw Sydney Harbour bombed

Image
 Nearly 81 years ago, Merv Latham was patrolling Sydney Harbour with the Navy cadets. "There was a lot of noise and a kerfuffle — we didn't know what it was," he said. "It was a shock to everybody." A Japanese mini submarine had breached the harbour's defences, sinking HMAS Kuttabal and killing 21 Australians on board. World War II had reached Sydney. Read More:  https://www.abc.net.au/news/2023-04-23/anzac-day-commemorations-world-war-two-veteran-gold-coast/102251496
Read more