Stockland purchased a 40ha site in Sinagra for $53 million, which has the capacity for about 700 homes. Photo: Stockland

Stockland strikes $91m deal

ASX-listed property group Stockland has invested $91 million in the purchase of more than 4,600 residential lots across three metropolitan corridors in Perth, comprising a total 385 hectares of land. 

The purchases were from three different vendors and all were completed over recent weeks, but details were not disclosed.

The acquisition, announced today, includes: a 40ha site in Sinagra for $53 million; 334ha in Baldivis for $27 million; and an 11ha parcel of land in Brabham for $11 million. Stockland says the sites are strategically located in the fast-growing north-west, north-east and south-west metropolitan corridors of Perth.


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