Delivering the Missing Middle UDIA, 17 th October 2019 1
About Stockland 421,000 customers visit a Stockland shopping centre each day 11,900+ retirees call a Stockland retirement village home 127 families 140+ businesses move into a Stockland deliver goods and services community each week from a Stockland Logistics and Business Park asset 160+ businesses work in a Stockland office building
How we operate Two main operational business units – Commercial Property and Communities Communities caters for: Masterplanned Communities (land) Completed Homes Medium Density Apartments Retirement Living
Our Approach to the Missing Middle Our aim is to deliver projects that provide: The Parks: Red Hill, ACT Urban Terraces: Aura, QLD Quality & Value – to our Customers & Stakeholders Liveable outcomes delivering sustainable community settings Longevity through robust design Healthy outcomes that promote well-being, Arve: Ivanhoe VIC comfort and amenity Provide Housing Choice for our Customers Understand and Align to Infill Housing strategies nationally Balgowlah, NSW Orion: Braybrook, VIC
WA Case Study: Terraces at Calleya The Opportunity: Diversify Masterplanned community offer (centrally located Greenfield context) Create greater vibrancy to local Town Centre Offer built product to our customers Learn, test and trial Medium Density typologies – within our own landbank Increase market reach and talk to more Customers 8
WA Case Study: Terraces at Calleya Project Overview: 131 Terrace Homes within wider 2,000 lot Masterplanned community Located 1.5km from Cockburn Train Station (4 Stops to CBD) Priced from $429,000 - $470,000 5 Floorplans (evolution from initial stages) 3/2/2 configurations; some 2/2/1 Trial of different construction methodologies 9
WA Case Study: Glendalough The Opportunity: • Excellent location • High degree of surrounding Lifestyle opportunities • Opportunity to diversify current offer- fill the Gap • Significant existing trees to be retained • Genuine Missing Middle Medium Density opportunity in a standalone site 11
WA Case Study: Glendalough Project Overview: • 2.8Ha site located on Rawlins St (off Powis St), Glendalough • 4.5km to Perth CBD • 600m to Train • 10 mins to Beach • Quality education catchments • Easy access to Mount Hawthorn and Leederville Village centres
WA Case Study: Glendalough Our Vision: • Canopy of Green: Significant Tree Retention (22% Canopy) • A Connected micro-hood • Streets for Living • Smart Lifestyle • 97 Green Title Terrace homes • Two, Three and Four bedroom layouts Concept Image Only • Double and Single car options • Two and Three Storey configurations
Summary We believe in the future of the Missing Middle: Improve diversity of Housing Choice, tenure choice. There is a gap between a House and an Calleya: Treeby, WA Apartment Utilisation of existing infrastructure and established community amenity Our Medium Density Strategy is aligning to the Priorities set by Government and the principles behind Design WA Demographic and Consumer trends say Yes Terraces at Calleya: Treeby, WA We are learning and finding opportunities within Greenfield and Brownfield locations Cardinal Freeman: Ashfield, NSW
Stockland Corporation Limited Disclaimer of Liability ACN 000 181 733 While every effort is made to provide accurate and complete information, Stockland does not warrant or represent that the information in this presentation is free from errors or omissions or is suitable for your Stockland Trust Management Limited intended use. The information provided in this presentation may not be suitable for your specific needs ACN 001 900 741; AFSL 241190 and should not be relied upon by you in substitution of you obtaining independent advice. Subject to any terms implied by law and which cannot be excluded, Stockland accepts no responsibility for any loss, As a responsible entity for Stockland Trust damage, cost or expense (whether direct or indirect) incurred by you as a result of any error, omission or ARSN 092 897 348 misrepresentation in this presentation. All information in this presentation is subject to change without 25th Floor, 133 Castlereagh Street notice. SYDNEY NSW 2000
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