Lendlease sale to Stockland, Supalai signal new property mega-trends

Reference: The Australian, 19th December 2023

The biggest property deal of 2023 represents two very different approaches to how developers are responding to what is expected to be a structural shortage in housing for many years to come.

With the $1.3bn buyout – a price that includes an option for expansion – Stockland and its new Thai partner Supalai have cemented themselves as the nation’s biggest developer of affordable outer suburban residential communities, securing a monster portfolio of nearly 28,000 housing lots across Australia’s outer suburbs.

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