Stockland appears increasingly interested in acquiring Lincoln Place, the country’s biggest land lease communities operator, proving recent property market uncertainty is doing little to dissuade the ASX-listed giant.
Lincoln Place was put on the market by Cerberus Capital Management this year with hopes of a $1 billion price tag. Stockland, meanwhile, has hired Jarden for advice and is considering whether to submit a binding offer to sell-side Goldman Sachs by an early December deadline, according to people briefed on the matter who spoke on condition of anonymity.
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