Australia | Stockland’s Purchase of Halcyon at $620m

PHOTO CREDIT: Halcyon | Dr Bevan Geissmann and Paul Melville, Halcyon Joint Managing Directors

Halcyon is preparing for an exciting new future following the recent acquisition of its operations by Stockland, one of Australia’s largest diversified property groups.

Halcyon and Stockland, will take the best of both organisations to create the leading lifestyle community business in the sector, with a future presence in all major markets around the country.  Halcyon is Australia’s most awarded creator of lifestyle communities and has enjoyed 17 years of steady, consistent growth with more than 1500 homes across South East Queensland.

Stockland, a trusted Australian company founded in 1952, is an ASX-listed top 50 company and is the right custodian to take the business forward while guaranteeing long-term stability for our current and future homeowners.

Halcyon’s 100-strong experienced team will remain, and its operations will be further strengthened by Stockland’s capabilities in delivering master-planned communities. Halcyon Group Managing Director Dr Bevan Geissmann said a seamless transition and minimal impact on homeowners were important factors when making this decision.

“We believe we’ve found a safe harbour in Stockland as the new custodian for Halcyon,” Dr Geissmann said.

“This is the culmination of a six-month process and our decision was encouraged by the Stockland team’s shared excitement for over-50s living – one of the fastest-growing lifestyle segments.

“This acquisition provides certainty for our existing communities, continuity of our operations and the vision to be part of the leading national brand.”

Under the terms of the agreement, Stockland will acquire 3,800 sites across 13 Halcyon communities: six established, four in development and three in planning.