Stockland Targeting Over A$600 Million Asset Sales in FY12

Stockland (SGP) Group is increasing its planned asset sales in fiscal 2012 to more than A$600 million because of the increased cost of debt and plans for a share buyback, according to a regulatory filing.

To contact the reporter on this story: Tim Smith in Sydney at tsmith58@bloomberg.net

To contact the editor responsible for this story: Tim Smith at tsmith58@bloomberg.net

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