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Overview
and its history Stockland is one of Australiaβs largest diversified property groups, with a portfolio of retail, residential, retirement living, and commercial properties. The company was founded in 1952 in New South Wales and has since grown to have a presence in all Australian states and territories. The companyβs history dates back to the 1880s when the Stockland family began developing and selling land in the Sydney area. In the 1950s, Stockland Estates Pty Ltd was officially established and began acquiring and developing large parcels of land for residential and commercial purposes. In the 1960s, Stockland expanded its operations to include the development of shopping centers, with the opening of its first shopping center, Seymour Street in 1962. The company continued to grow and diversify in the following decades, expanding into retirement living and commercial properties. In 1987, Stockland listed on the Australian Stock Exchange, and over the years, has made several strategic acquisitions and divestments to strengthen its portfolio. In 2021, Stockland announced a new strategy, focused on creating sustainable, affordable, and connected communities. Today, Stockland owns and manages a diverse portfolio of properties, including 43 shopping centers, over 62,000 residential lots, 4,300 retirement living units, and over 1,600 hectares of industrial and commercial land. Stockland is committed to sustainability and has set several environmental, social, and governance (ESG) targets, including achieving carbon neutrality by 2024 and net zero carbon emissions by 2030. The company has also been recognized for its efforts in sustainability and was named the most sustainable real estate company in the world in 2020 by the Dow Jones Sustainability Index. In addition to its property developments, Stockland is also actively involved in community initiatives, including partnerships with various social and environmental organizations and charities. The company also has a strong focus on diversity and inclusion, with a goal to achieve gender balance across its workforce by 2025.
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