GemLife's IPO documents showing its revenue and earnings illustrate how far the land lease sector has come from its humble beginning as caravan parks. Will there be a further transformation?
When the then-new Stockland CEO Tarun Gupta announced the acquisition of Halcyon Group in July 2021, the land lease business included six established communities, four under development, and three in planning.
Today, less than five years later, the diversified property developer has launched its 27th land lease community, Halcyon Yandina, a new $20 million-plus land lease community on 17ha in the Sunshine Coast Hinterland.
Stockland Halcyon is now part of a $12 billion growth sector that is
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