Melbourne developer Spacious Group has completed Voyage Altona, one of the closest new apartment developments to Altona Beach.

Off the plan purchasers have started moving into the 49-apartment project on Pier Street, with the remaining move-in-ready one-, two- and three-bedroom apartments starting from just over $500,000.

Display apartments have now been fitted out, allowing prospective buyers to inspect the completed residences by appointment.

[smartcode_project:default project_id=112195 project_image_fid=372638]

The completed apartments feature open-plan living and dining areas which extend onto private balconies and terraces, while full-height glazing maximises natural light throughout the interiors.&nbsp;

Hybrid timber-look flooring, stone benchtops, Miele appliances, porcelain-tiled bathrooms and generous storage feature throughout the building which also features landscaped communal areas, expansive shared terraces, lift access and secure on-grade parking.

Drawing inspiration from its bayside setting, Voyage adopts a restrained palette of warm neutral tones and textured finishes. Many of the apartments take advantage of views across Port Phillip Bay, while the indoor-outdoor living spaces have been designed to make the most of the coastal outlook.

[smartcode_project:default project_id=112195 project_image_fid=3286]

Voyage was developed to address what Spacious Group identified as an undersupply of higher-quality apartment product in Altona, with a focus on owner-occupiers looking to remain within the bayside community.

"Voyage responds to very strong local buyer demand for quality, owner-occupier-focused product," says Barry Plant Projects Director Jarrod Farey, who has handled sales since the project's launch.

"The project delivers an elevated lifestyle proposition, with its design and quality of finish far exceeding anything previously produced in the area, as well as its proximity to Pier Street Village and the beach."

The majority of purchasers have been local downsizers and owner-occupiers looking to stay within the Altona community but who previously had limited opportunities to buy a brand-new apartment.

[smartcode_project_cta:default project_id=112195]

Joel Robinson

Spacious Group completes Voyage Altona in Altona's beachside precinct

Homecorp has secured approval for a $360 million apartment development at Budds Beach, paving the way for one of the Gold Coast's most amenity-rich residential projects to launch later this year.

Gold Coast City Council has approved Lýon Residences, a 32-level tower that will deliver 178 two and three-bedroom apartments across a prominent corner site at 8-10 Acacia Avenue and 25-27 Oak Avenue.

The approval comes as developers continue to invest in premium lifestyle-driven apartment projects on the Gold Coast, where owner occupiers are increasingly prioritising amenity as much as apartment size and location.

<a href="https://www.apartments.com.au/new-apartments/l-on-residences-25-27-oak-avenue-surfers-paradise-qld-4217">Lýon Residences</a> has been designed around a resort-style wellness offering, headlined by a Moroccan-inspired spa precinct featuring treatment rooms, a Nordic sauna and steam room, hot and cold plunge pools, a soaking pool and a residents-only juice bar.

The rooftop will include a heated infinity pool and spa, residents' lounge with private kitchen and bar, gymnasium, yoga and Pilates studio, outdoor entertaining areas and barbecue facilities overlooking the Surfers Paradise skyline.

<img alt="Lyon" data-entity-type="file" data-entity-uuid="2d3e29af-8793-486e-a684-52cef862241f" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-07-15%20at%204.32.26%E2%80%AFPM.png?VersionId=ayG2zpLf3SS6Zy8XmKDcQods4kVWb0gm" />

Homecorp Founder and CEO Ron Bakir said Budds Beach provided the ideal location for the company's latest luxury apartment project.

"Budds Beach represents one of the most unique and sought-after pockets of the Gold Coast, and Lýon Residences has been designed to reflect that sense of rarity and refinement," Bakir said.

The project arrives as wellness continues to become a defining feature of new residential developments both in Australia and internationally.

The latest Global Wellness Institute figures show wellness real estate remains the fastest-growing segment of the global wellness economy and is forecast to exceed $1.8 trillion by 2030. Australia continues to rank among the world's 15 largest wellness real estate markets, with developers increasingly integrating health, recreation and community facilities into apartment projects.

Queensland is also experiencing strong population growth, with the Gold Coast continuing to outperform many other Australian cities as demand for new housing remains elevated ahead of the 2032 Olympic and Paralympic Games.

Bakir said the project had been designed to respond to that shift in buyer expectations.

"Strong population growth and sustained demand across the Gold Coast continue to highlight the need for well-designed new housing supply. Lýon Residences responds directly to this demand while setting a new benchmark for residential living," he said.

Each apartment has been designed to maximise views across the coastline, the Nerang River and the Gold Coast hinterland.

Located just minutes from Surfers Paradise beach and the Broadwater, the development also offers easy access to the light rail network, Broadbeach and Burleigh Heads.

Early site works are underway, with construction expected to commence later this year.

Homecorp approved for Budds Beach apartment tower, Lýon Residences

New apartment developments with uninterrupted, north-facing views over Perth's Swan River are exceptionally rare.

Recognising just how limited those opportunities are, <a href="https://www.apartments.com.au/developers/edge-visionary-living">Edge Visionary Living</a>, one of Perth's most respected builder-developers, targeted <a href="https://www.apartments.com.au/developments/applecross-wa-6153">Applecross</a>, assembling an unrepeatable 6,342 sqm riverfront site on the corner of Moreau Mews and Canning Beach Road to create one of Perth's only new north-facing apartment developments directly overlooking the Swan River.

Today, <a href="https://www.apartments.com.au/buildings/riviere-residences-applecross-59-canning-beach-road-applecross-wa-6153">Rivière Residences</a> offers buyers a unique opportunity to choose between completed residences ready to move into now and off-the-plan homes in the final stage, Rivière West.

[smartcode_project:default project_id=28384 project_image_fid=3823]

Across the completed East and Central buildings, residents are already enjoying the development's luxury amenity, while two of the precinct's hospitality venues are now open.

The completed component of the development gives buyers the advantage of experiencing the finished product firsthand, including its uninterrupted river views, while still having the opportunity to secure a residence in the final stage.

"People are wowed by the view and the quality of the apartments,"&nbsp;Edge Visionary Living Sales Executive, Holly McSweeney, says.

"They're looking for the convenience of lock-and-leave living, but they're not looking to downsize on quality."

[smartcode_project:default project_id=28384 project_image_fid=3826]

The rarity of the development hasn't been lost on prospective buyers, McSweeney says.

For McSweeney, it all comes back to a location that is becoming increasingly difficult to replicate.

"Location, location, location," she says. "We are nestled right on the front of the Swan River. You can never get built out, so wherever you are in Rivière Residences, you've got views of the river forever."

The unique waterfront position has resonated particularly strongly with local downsizers. McSweeney says many buyers are long-time Applecross residents looking to transition from large family homes into a luxury apartment without sacrificing space, quality or the lifestyle they've enjoyed for decades.

<iframe allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen="" frameborder="0" height="315" referrerpolicy="strict-origin-when-cross-origin" src="https://www.youtube.com/embed/N_FowNW0wu8?si=vb25XFq1wZ-iufAW" title="YouTube video player" width="560"></iframe>

A major focus for Edge in recent years has been resident amenity. Across its apartment portfolio, from beachfront developments in Scarborough to luxury towers in South Perth, the developer has increasingly invested in the spaces beyond the apartment itself.

The strategy has largely been shaped by downsizer demand. Many buyers are moving from large family homes with swimming pools and established gardens. While they're looking to leave the maintenance behind, they don't want to compromise on lifestyle.

At Rivière, <a href="https://www.apartments.com.au/architects/hillam-architects">Hillam Architects</a> designed the resident facilities as an extension of each apartment. A 25-metre heated swimming pool takes advantage of the north-facing river outlook, complemented by a large gym, sauna and steam rooms, private dining spaces, residents' lounges, a cinema, games room, and dedicated wine and whisky rooms.

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The waterfront location has also proved to be a major drawcard. Residents are within walking distance of the Raffles Hotel, South of Perth Yacht Club, the Heathcote Cultural Precinct and the cafés, restaurants and boutiques along Ardross Street.

Beyond the location and amenity, McSweeney says many buyers take confidence from Edge's fully integrated development model.

Having delivered apartments across Perth for decades, Edge now designs, develops and constructs its projects in-house, giving the company greater control over quality, delivery and the finished product.

"What I love is when people walk through their apartment for the first time and say, 'This is better than what we imagined,'" McSweeney says. "We hear that all the time."

Completed apartments in the East and Central buildings are now available to inspect by appointment, while Rivière West, the final stage of the precinct, is expected to be completed in the first quarter of 2027.

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North-facing Swan River views drive demand at Rivière Residences in Applecross

Nearly 60 per cent of apartments at McNab Group's $220 million The Tannery development in Brisbane's West End have sold ahead of the project's public launch, including a suburb-record $2.57 million sale for a two-bedroom apartment.

The early sales campaign has secured buyers for 50 of the project's 87 apartments, highlighting continued demand for larger owner-occupier apartments that combine generous floorplans with premium lifestyle amenities in one of Brisbane's most tightly held inner-city suburbs.

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McNab Group Executive Chairman Michael McNab said selling more than half the project before launch reflected changing buyer expectations.

"Selling more than half the project before public sales open tells us buyers are actively seeking apartments that offer something genuinely different," McNab said.

"Today's buyers are looking beyond four walls. They want homes that genuinely enhance the way they live, with spaces that support health, connection and everyday wellbeing."

[smartcode_project:default project_id=143337 project_image_fid=374767]

A key point of difference for the project is the adaptive reuse of the heritage-listed Dixon's Tannery building, which will become The Retreat, a residents-only wellness precinct rather than being redeveloped into additional apartments.

The Retreat will feature a sauna and steam room, hot and cold plunge pools, a commercial-grade gym, Pilates studio, cinema, library, co-working spaces and private dining room. Rooftop amenities will include a swimming pool, landscaped gardens, outdoor entertaining areas and dog-friendly spaces.

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Designed by Cottee Parker Architects with interiors by Tom Mark Henry and landscape architecture by Aspect Studios, The Tannery comprises 87 two, three and four-bedroom apartments across 11 levels overlooking the Brisbane River.

Cottee Parker principal Dee Passenger said preserving the original tannery building had been central to the project's design.

"The easy option would have been to maximise the site's development potential with additional apartments. Instead, McNab has chosen to preserve the original tannery as a shared wellness retreat, ensuring this important piece of Brisbane's history remains at the heart of the community."

Passenger said sustainability also played a key role in the design, with materials from the original industrial site salvaged and repurposed throughout the development.

[smartcode_project:default project_id=143337 project_image_fid=374761]

Motiv CEO Carly Cottam said buyers had responded strongly to the combination of larger apartments, wellness facilities and the West End lifestyle.

"We are seeing more buyers looking for homes in the sky that provide the space and functionality of a traditional home, while benefiting from the convenience and lifestyle that apartment living brings," Cottam said.

She said purchasers included both owner occupiers and investors, with demand coming from local buyers as well as interstate purchasers.

Coinciding with the public launch, McNab also announced a partnership with Queensland Ballet, whose neighbouring Thomas Dixon Centre shares historical ties with the original Dixon family.

Located on a 4,465 sqm site at 439 Montague Road, The Tannery overlooks the Brisbane River and is around 10 minutes from the CBD.

Construction is underway, with completion expected in the second half of 2027.

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More than half of residences sold before public sales as McNab announces significant partnership with Queensland Ballet

McNab's The Tannery nears 60 per cent sold before public release, sets two-bedroom West End record

Iwan Sunito's vision for a landmark mixed-use precinct in Sydney's Inner West has taken a major step forward, with approval granted for the $1.9 billion Five Dock development first unveiled earlier this year.

The approved scheme by <a href="https://www.apartments.com.au/developers/one-global-capital">One Global Capital</a> will deliver an 80,500 sqm mixed-use precinct comprising 840 apartments, integrated hotel accommodation, commercial and retail space, alongside publicly accessible open space designed to create a new destination for the growing suburb.

"This is a significant milestone for One Global Capital and for the future of housing delivery in Sydney," Sunito said.

"The Housing Delivery Authority was established to identify major housing projects capable of delivering meaningful supply more efficiently, and we are delighted that Spencer Street has been recognised as one of those projects.”

He said the declaration reflected the rapid progress achieved since acquiring control of the site.

"In less than seven months we have progressed from taking control of the site to securing entry into one of the NSW Government's most important planning pathways. It reflects the experience of our team, the strength of our consultant group led by Urbis, and our long-term commitment to delivering transformational projects that contribute to Sydney's future."

When the project was revealed earlier this year, Sunito described the opportunity as one of the strongest development sites he had worked on.

"I probably hadn't appreciated the uniqueness of the site until more recently when putting together the concept plans," Sunito said.

"The proximity to the water, and the golf course opposite, is unlike any other part of Parramatta Road. We have a unique position and view corridors over the water that makes this one of the best sites I've worked on."

The development has evolved since its initial announcement, with the approved plans increasing the residential component from the originally proposed 750 apartments to 840 homes while retaining the project's focus on creating an integrated neighbourhood rather than a standalone residential development.

Read more:&nbsp;<a href="https://www.apartments.com.au/news/nsw/a-city-within-a-city-iwan-sunito-flags-1-5-billion-mixed-use-precinct-in-five-dock">"A city within a city": Iwan Sunito flags $1.5 billion mixed-use precinct in Five Dock</a>

The precinct will combine apartments with hotel accommodation, commercial workplaces, retail offerings and public spaces, creating a mixed-use environment intended to serve both residents and the broader Five Dock community. The proposal also continues the collaboration between One Global Capital and internationally recognised architect <a href="https://www.apartments.com.au/architects/koichi-takada-architects">Koichi Takada</a>, whose previous work with Sunito includes Infinity, Arc and Skye North Sydney.

Takada previously said the design was driven by a philosophy of integrating nature into the built environment.

"The concept for this development is born from our design approach to naturalising architecture," Takada said.

"The public realm benefits from biophilic design that integrates generous landscaping, and the development is optimised for natural daylight, airflow and water views to foster wellbeing, sustainability and spaces that foster community interaction."

Sunito has consistently described the project as a "city within a city", with a strong emphasis on creating a destination that extends beyond housing.

"We want to create a development that's not only to be seen, but to be experienced by the whole local community," he said.

The approval comes as Five Dock continues its transformation ahead of the opening of the Sydney Metro West line, with the new Five Dock station set to significantly improve connections between the Inner West, Parramatta and the Sydney CBD.&nbsp;

The precinct will also benefit from its proximity to the Parramatta Road corridor, nearby waterfront parklands and established retail and dining offerings that have made Five Dock one of Sydney's most tightly held Inner West suburbs.

Iwan Sunito secures approval for $1.9 billion Five Dock mixed-use precinct

Stockland

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Stockland Property Group said its interim net profit edged up 0.7 percent to $702 million for the half-year ended December 31 over the same period the previous year, underpinned by strong home price growth, mainly in the eastern seaboard. 
Revenue climbed 9.8 percent to $1.169 billion.
Funds from operations attributable to security holders rose 7.8 percent to $369 million and the developer said it was tightening its outlook to the higher end of its previous forecast of 5 percent -7 percent.
Stockland said it was paying an unfranked interim distribution of 12.6c, payable on February 28 to shareholders of record on December 30.
“We’re pleased to deliver another strong first half result, which has been driven by our ability to create thriving, vibrant communities. We’re implementing our strategy to reshape our portfolio, growing our asset returns and customer base, improve operational efficiency and maintain a strong balance sheet, which has enabled us to increase our distribution to investors,” managing director and CEO, Mark Steinert, said in a press release.
Although its residential operating profit margin fell to 14.1 percent, the developer’s residential business managed 2,853 settlements during the period and entered 2017 with a record 5,807 contracts on hand.
It said the outlook for the full-year operating profit margin for residential was 15-16 percent as it expected strong price growth on the eastern seaboard. The developer said this was due to its focus to create “liveable, desirable communities,” growing market share and continued favourable market conditions.
Its commercial property business grew 3.7 percent in comparable FFO, while the retirement living component increased its operating profit by 43.8 percent to $26 million, which reflected a 1H17 skew, largely due to improved margins and occupancy and the timing of superlot and asset sales.
Stockland also maintained its strong balance sheet and A-/Stable credit rating with gearing at 23.9 percent, which was well within its target range of 20 - 30 percent, said chief financial officer Tiernan O’Rourke. 
Steinert was upbeat on economic conditions continuing to be favourable and expected interest rates to remain relatively low. 
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jonathanchancellor-7SQnKwU6yx

Stockland's half-year earnings rise on strong home price growth

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Stockland has created one of the most sustainable project homes ever built in Australia at its Willowdale residential community at Denham Court in south west Sydney.
It seeks to encourage more environmentally friendly home design and construction.
The two-storey family home has been designed, built and recently certified to the 8 star NatHERS rating, which means the house is designed to achieve close to net zero emissions through its range of energy-saving and ecologically sustainable features.
The Willowdale Community Place is a display home that shows dream homes can save thousands of dollars every year with energy saving inclusions that maximise the warmth of the sun through winter and minimise the impact of the sun’s heat through summer.
It allows customers to choose the energy saving features they would like to include in the construction of their homes.
Andrew Whitson, CEO Residential at Stockland, said the aims was making suburban communities greener.
"Both in a physical sense with more green, open, public spaces, parks, playgrounds, walking trails and cycleways; and showing customers how they can save money over a lifetime through more energy-efficient home design and construction.
“This is not a concept house; all ‘eco’ features, fittings and inclusions are commercially available right now. For example, for a medium-sized home, installing solar panels will cost around $7,000 upfront. On a yearly basis, solar will save that same house between $1,000 and $2000 in energy costs, meaning they will recoup their investment within five to seven years and reaping ongoing cost savings for many years after that.”
NSW Environment Minister Mark Speakman said the NSW Government was committed to making more energy efficient homes the norm.
“Projects like Willowdale set the standard for how communities, industry and government can work together to develop great places to live that are good for the environment,” Mr Speakman said.
Stockland has so far sold more than 1,000 residential lots at Willowdale.
On completion, Willowdale will comprise around 3,300 homes, a neighbourhood shopping centre anchored by a full-line Coles supermarket and specialty stores.
Stockland has also made provision in the masterplan for 25 hectares of parks and playgrounds and the inclusion of a new state primary school.
Key sustainability features of the Willowdale Zero Emissions House:
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<td valign="top" width="213">
Sustainable energy-saving features (for a 25 square home)
</td>
<td valign="top" width="213">
Approximate cost
</td>
</tr>
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<td valign="top" width="213">
5kW solar energy system
</td>
<td valign="top" width="213">
$7000
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<td valign="top" width="213">
Double glazing upgrade
</td>
<td valign="top" width="213">
$6000 extra
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Draught sealing
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<td valign="top" width="213">
$2000
</td>
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Insulation upgrade
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<td valign="top" width="213">
$2000 to $3000
</td>
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<td valign="top" width="213">
External shading (east and west)
</td>
<td valign="top" width="213">
Cost neutral if offset by not buying expensive heavy internal blinds
</td>
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<td valign="top" width="213">
Heating and cooling system
</td>
<td valign="top" width="213">
Typical standard inclusion, so cost neutral
</td>
</tr>
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Other sustainability features:
<ul>
<li>Designed for Silver Livable Housing Australia Compliance and designed to a Silver Level Livable Housing Australia (LHA) rating.</li>
<li>Automatic Edmonds Odyssey home ventilation system which provides energy efficient ventilation. Odyssey air exchange system reduces air conditioning usage through intelligent air exchange between inside and out.</li>
<li>Ecomax concrete, which significantly lower embodied energy than standard concrete. Use of recycled materials and by-products.</li>
<li>Rainwater tank with grey water treatment system to meet the demands of flushing toilets, washing machine and garden maintenance Collection, storage and local reuse of rainwater to serve WCs and outside irrigation. Grey water system captures and reuses domestic waste water (hand basins, laundry and showers) for use in irrigation.</li>
<li>Solar gas boost hot water system</li>
<li>Low Volatile Organic Compounds paint which minimizes outgassing</li>
<li>Tapware specified to the highest water efficiency standards rating available: 6 Star WELS rated tapware with 4 litres per minute of water consumption.</li>
<li>Vegetable garden, compost bin and worm farm</li>
<li>Weather seals to external doors and windows to minimize unwanted outside air entering the home</li>
<li>Energy efficient internal LED lighting</li>
<li>Low maintenance and water tolerant plants used in landscaping</li>
<li>R0.5 Waffle pod concrete is poured over insulating pods providing thermal mass to store energy. The insulating pods reduce heat loss to the ground in winter.</li>
<li>Wall wrap and insulation to internal and external walls, roof and floor.</li>
</ul>
Customers can register their interest in acquiring a block of land at <a href="https://www.stockland.com.au/willowdale" target="_blank">www.stockland.com.au/willowdale</a> or by visiting the on-site Willowdale Sales and Information Centre.
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j.ballantyne1990-6AQqhLzZaK

8 star energy-efficient home by Stockland at Denham Court

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A Dan Murphy’s retail outlet officially has opened in Stockland Green Hills - the first retailer to open following the $372 million shopping redevelopment which began in January. 
The outlet will be 44 percent larger, stock over 3,500 products and offer a ‘Click &amp; Collect’ service with online ordering and in-store pick up.
The redevelopment includes a cool room twice the size, a climate controlled Vintec cabinet to keep wines at their optimum temperature, a tasting station with dedicated in-store tastings manager and specialist sections for Whiskey, Champagne and Sparkling wine. 
Chris Travers, Stockland centre manager, said they are now moving into another stage of the project.  
The next stage of works begins this week and the centre will open the second stage of the 110 space customer carpark at Two Mile Creek, taking the total number of parking spaces to over 870.
Upon completion in April 2018, Stockland Green Hills will feature the first new format David Jones department store in the Hunter with over 225 specialty shops and a vibrant new dining and entertainment precinct.
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Stockland Green Hills gets Dan Murphy’s store

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Stockland has been awarded a position on the Climate A List by CDP, the international not-for-profit that drives sustainable economies.
There are 193 “A Listers” on the list.
Thousands of companies submit annual climate disclosures to CDP for independent assessment against its scoring methodology.
Stockland is among 9 percent of corporations participating in CDP’s climate change program to be awarded a position on the Climate A List, in recognition of its actions to reduce emissions and mitigate climate change in the past reporting year.
Stockland has achieved an unprecedented triple crown.
Stockland is the current S&amp;P Dow Jones Sustainability Indices (DJSI) Global Real Estate Sector Leader and also achieved Global Sector and Regional Sector Leader status in the 2016 Global Real Estate Sustainability Benchmark (GRESB) survey in the category Diversified - Retail/Office.
Mark Steinert, Managing Director and CEO at Stockland, said their company purpose was to "create a better way to live." 
The Climate A List is released in CDP’s Out of the starting blocks: Tracking progress on corporate climate action report today.
The report, which establishes the baseline for corporate climate action, reveals that global corporations have started the transition to a low-carbon economy and some are already capitalizing on the opportunities this affords.
Companies’ progress on reducing emissions in line with the goals of the Paris Agreement will be tracked against this baseline in future annual reports.
Stockland’s key achievements and priorities included:
- Commitment to design and technology innovation and access to alternative energy supplies that help us and our customers realise a cost-efficient, low carbon future.
- Focus on incorporating alternative energy, particularly solar photo-voltaic power supply, into commercial premises. Solar installations already in place at Shellharbour, Green Hills and Nowra in NSW. Stockland is currently installing a new solar PV system at Wetherill Park in western Sydney.
- A large portion of Stockland’s retirement village homes have solar PV installations.
- Stockland is currently exploring how solar can be adopted at scale within our Residential business, with the investigation of different network ownership and management models underway.
- Stockland has the largest number of Green Star rated retail properties in Australia, as verified by the GBCA.
- In FY16 alone, Stockland’s investment in energy-efficient measures across various commercial property assets are likely to achieve projected energy savings of approximately 1,718,000kWh, which is the equivalent energy saving of removing 255 passenger vehicles from the road for an entire year.
- Stockland has prioritised the development of Australian and world’s best practice Green Star residential communities across the nation, and the Green Building Council of Australia (GBCA) has rewarded the company’s leading approach to sustainability and liveability.
- The GBCA has accredited six Stockland communities in Sydney, Melbourne, Brisbane and Perth with either 5 or 6 Star Green Star – Communities ratings. The accreditation assesses and recognises design excellence, innovation, environmental responsibility, potential for future economic prosperity and liveability within each community.
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Stockland secures triple crown recognition for climate change role

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Stockland's chairman, Graham Bradley will step down at the October AGM with Tom Pockett to take on the role.
Pockett joined the Stockland board in September 2014 after 12 years as the chief financial officer at Woolworths.
He was previously deputy chief financial officer at the Commonwealth Bank and before that finance roles at Lend Lease and Deloitte.
Bradley has been a director of Stockland since 2004 and its chairman since 2005.
Bradley's time on the board has seen Stockland's market capitalisation rise from around $6.6 billion in 2004 to around $11.75 billion.
Stockland's annual shareholder meeting is on October 26.
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jchancellor-FAypfDUnLy

Stockland select Tom Pocket as Graham Bradley's replacement

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Stockland performed strongly in FY16, growing asset returns, broadening its customer base and taking advantage of supportive market conditions. Revenues were up 10 percent.
They generated substantial profit growth from its business activities, with FFO of $740 million, up 12.5% on FY15.
Statutory profit was $889 million, down 1.6% on the prior year due to a number of unrealised fair value items.
Stockland's return on equity increased 1.1 percent to 11 percent, excluding workout assets.
<a href="/images/2016/08/17/Screen%20Shot%202016-08-17%20at%209.58.25%20am.png" target="_blank">Click here to enlarge Stockland's growth in FFO and underlying profit</a>
<img src="/images/2016/08/17/Screen%20Shot%202016-08-17%20at%209.58.25%20am.png" alt="" width="643" height="227">
The company's residential, commercial property and retirement living arms all made solid contributions.
Mark Steinert, Stockland managing director and CEO said the company delivered strong results in FY16 by executing strategy and delivering purposes in their communities and properties.
"I’m very pleased that each of our commercial property, residential and retirement living businesses have made significant contributions to the performance of the Group.
"Our commercial property business delivered comparable FFO growth of 4.5% and we achieved a record number of settlements in both our residential and retirement Living businesses. 
<a href="/images/2016/08/17/Screen%20Shot%202016-08-17%20at%209.57.58%20am.png" target="_blank">Click here to enlarge Stockland's key achievements over FY16</a>
<a href="/images/2016/08/17/Screen%20Shot%202016-08-17%20at%209.57.58%20am.png" target="_blank"><img src="/images/2016/08/17/Screen%20Shot%202016-08-17%20at%209.57.58%20am.png" alt="" width="572" height="192"></a> 
FY 16 Results
 Statutory profit of $889 million, down 1.6 percent on FY15
 Funds from operations (FFO) of $740 million, up 12.5 percent1
 FFO per security of 31.1 cents, up 11.1 percent
 Underlying profit of $660 million, up 8.5 percent
 Underlying earnings per security (EPS) of 27.8 cents, up 7.3 percent
 Profit growth in all core businesses, with Residential operating profit up 38.8 percent
 Return on equity (ROE) of 11.0percent, up 1.1 percent
Net tangible assets (NTA) per security of $3.82, up 3.8 percent. Distribution per security (DPS) of 24.5 cents, up 0.5 cents 
FY17 targets
Targeting growth in FFO per security of 5.0 – 7.0 percent, assuming no material change in market conditions
From FY17, our distribution policy will be based on FFO and will reflect a payout ratio of 75 – 85 percent. We are targeting an estimated distribution per security of 25.5 cents, a 4.1 percent increase on FY16, assuming no material change in market conditions 
 
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Stockland perform strongly in FY16 with 10% rise in revenues

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Stockland chairman Graham Bradley has announced that Stephen Newton will join the Stockland board.
Mr Newton has deep experience across real estate development, property management and infrastructure investment gained during almost 23 years with Lend Lease Corporation and more than 13 years as a principal of investment management and capital advisory business, Arcadia Funds Management.
He is currently a director of listed Gateway Lifestyle Group and a non-executive director of Campus Living Funds Management Limited.
Mr Newton was a director of Australand Property Group from 2007-2014.
He is an advisory board member, representing Alberta Investment Management Corp (Canada), of the Forestry Investment Trust, a director of both BAI Communications Group and the University of Notre Dame Australia, and chairman of the Finance Council for the Catholic Archdiocese of Sydney.
As required by the Stockland constitution, Mr Newton will offer himself for election by securityholders at the 2016 annual general meeting to be held in October.
Mr Bradley also announced that, following more than 10 years of service on the Stockland board, Peter Scott will retire from his position in August 2016. 
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Stephen Newton joins Stockland board

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Stockland Cairns – a nearly 50,000 square metre shopping centre in Cairns — is up for sale through an International Expressions of Interest (EOI) campaign closing March 31.
The sale is expected to fetch more than $230 million for the Stockland Group, which has appointed JLL’s Simon Rooney for the campaign.
Stockland Cairns, spread over 49,532 sqm, is a triple DDS anchored sub-regional shopping centre comprising a Big W, Target, Harris Scarfe, Coles, Woolworths, BCC six screen cinema complex, in addition to 10 mini majors, 110 specialty tenancies and kiosks.
“Investors continue to see long-term value in the Queensland retail market. Investment into retail assets in Queensland continues to strengthen from year to year. Total transaction activity has risen from $1.4 billion in 2013, to $1.7 billion in 2014 and to a record-high of $2.3 billion in 2015,” said Rooney.
“There have been very few opportunities historically to acquire a 100% interest in a major, high quality retail asset over $200 million in Queensland. We have recorded just three transactions above this threshold in the last 10-years. One of those transactions occurred directly off-market and one was part of a national portfolio.”
He said several institutional retail landlords bought assets in Queensland last year to increase exposure to the state. Blackstone acquired Westfield Strathpine as part of a wider portfolio transaction for $655.5 million, QIC bought Domain Central Homemaker Centre (nearly $130 million) and Hinkler Central ($110 million) and LaSalle Investment Management acquired three retail assets totalling $171 million.
“We expect Stockland Cairns will be highly sought after given the high level of demand for major retail assets in Queensland and the shortage of opportunities to acquire major assets,” said Rooney.
“The resurgence in inbound tourism, which follows the depreciation in the AUD, is supporting the local economies of major tourist regions such as Far North Queensland. Overseas visitor arrivals have increased by over 7% year-on-year, nationally, which supports a positive outlook for retail trading conditions.”
Stockland Cairns benefits from its location at the gateway to the southern growth corridor of the Cairns region, with 247,030 residents within the total trade area, including 168,810 residents in the main trade area.
Several major tenants including Target and Woolworths have renewed their leases to July 2022 and June 2036, respectively, as well as a brand new lease to Harris Scarfe to May 2026.
<a href="/expert-insights/investing/stockland-reports-8-1-percent-increase-in-first-half-underlying-profit">Stockland</a>, Australia's largest diversified real estate investment trust, reported on Wednesday an 8.1 percent rise in first-half underlying profit to $313 million.
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prateek24-ezbwHMbNAk

Stockland Cairns comes to market with a price tag of $230 million plus

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Stockland, the nation's largest diversified real estate investment trust, today reported an 8.1 per cent increase in first-half underlying profit to $313 million.
After the group settled 2,770 lots in the six months ended December 31, its chief executive, Mark Steinert said that favourable conditions in Sydney and Melbouurne saw the company ending its first half with a record number of contracts in hand.
"We've activated a high proportion of our residential land bank and we have sufficient depth to our projects in high demand corridors to underpin future organic growth," he said.
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Stockland delivered a 45 per cent increase in operating profit in its residential division.
Its material improvement in profitability was driven by new projects and market conditions.
With record contracts on hand, full year settlements are expected to be slightly above its through the cycle range of 5,000- 6,000 lots.
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The company said it adopted a disciplined restocking focussed on key urban markets - Craigieburn and Mickleham, Melbourne, consolidation ~1,000 lots; Rowville, Melbourne, stand alone medium density, 180 dwellings; Waterway Downs, Gold Coast, ~750 dwellings
Its sell outs included at Arve (Ivanhoe, Melbourne) with 150 townhomes under construction.
Stockland signaled it was bringing to market four additional projects in priority metropolitan corridors in 2H16: Schofields (Sydney); Macarthur Gardens (Sydney); Newport (Brisbane) and Pallara (Brisbane).
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