133 Castlereagh Street
Sydney NSW 2000
T 02 9035 2552 F 02 8988 2552 www.stockland.com.au 16 January 2012 ASX/Media Release STOCKLAND SECURES KEY RESIDENTIAL SITE IN NORTH WEST SYDNEY
Stockland has further increased its presence in the NSW
Residential market by securing a 163 hectare site in one of
its key target growth corridors in Sydney's North West for
$165 million on deferred payment terms.
The Marsden Park site on Richmond Road has the potential to
deliver approximately
2,300 new homes and is accessible via the M7, five kilometres
from the Riverstone railway station and within 15 minutes of
the Norwest Business Park.
The acquisition has been structured on capital efficient
terms, with $5 million to be paid in FY12 and the remainder
to be paid over a period of approximately six years.
Stockland has also secured the first right of refusal from
the same vendor over an adjacent parcel of land, which has
the potential to deliver a further 2,200 homes.
CEO Residential, Mark Hunter said Stockland's focus was on
delivering its existing projects and growing its market share
in NSW, currently the strongest new home market in the
country, by purchasing opportunistically and on capital
efficient terms.
"The North West is a thriving area of Sydney, which is
undersupplied, and we therefore anticipate solid demand for
new homes," Mr Hunter said.
"This acquisition further strengthens our position in the NSW
market, having last year acquired land for approximately
3,000 new homes at Leppington in the South West of
Sydney."
Stockland will work in partnership with the State Government
and Council to plan a sustainable new community in an area
already identified by the NSW Planning and Infrastructure
Minister for accelerated urban development.
First settlements are expected in FY14, subject to planning
approval, with the project anticipated to take seven to eight
years to complete.
For media enquiries contact
Brett ZarbMedia Relations Manager
Stockland
T +61 (0)2 9035 2552 M +61 (0)417 256 563For investor enquiries contact
Alex AbellSenior Manager Investor
Relations
Stockland
T +61 (0)2 9035 2553 M +61 (0) 466 775 112Stockland Corporation Ltd ACN 000 181 733 Stockland Trust Management Ltd ACN 001 900 741
AFSL 241190 As Responsible Entity for Stockland Trust ARSN 092 897 348.
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