Westfield shopping centres operator Scentre Group and property company Stockland have both reported write downs on the values of their assets, pointing to the impacts of COVID-19.
Cedar Woods Properties is targeting a stronger second half of FY2020 after recording an expected profit dip in the first six months of the financial year, while Stockland said its results were also in line with expectations, with its earnings also weighted towards the second half.
Property developer Stockland is reaping the benefits of a surge in house and land sales driven by strong population growth, job growth and low interest rates.
National developer Stockland is expecting another year of solid growth after booking a 50 per cent rise in net profit for the first half of the 2016 financial year, but it's not likely any of that
Western Australia-based Brownes Dairy's head office, processing and distribution centre in Balcatta has been bought by national developer Stockland, in a deal worth $53.5 million.
National residential developer Stockland has added to its Western Australian portfolio, acquiring two parcels of land totalling 65.7 hectares in two transactions worth a combined $58.1 million.
