Opinion
Ian Silk, Chief Executive of the $100 billion Australian Super fund, has dispelled any doubt that we are stuck in a low interest, low inflation environment, announcing this week that Australian Super’s Balanced Fund had returned 4.54 percent for the 2015 to 2016 year
Company factsheets
Stockland is an Australia based, diversified property group and is one of the largest property groups in Australia
Legacy
Last week Stockland reported their 1H14 results, headlined by an increase in semi-annual net profit of $298m versus a $147m loss in 1H13. The result reflected improvements in the property market, which lead to a 39% increase in the company’s residential business operating profit.