Stockland clarifies it has perpetual first right on Aveo

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In its Half Yearly report Stockland also states it has “perpetual first right of refusal over retirement living assets” of FKP [being Aveo]– a most unusual and advantageous position to be in. They own 14.9% of Aveo parent FKP. Their shareholding in Aevum has also been diluted from 13.9% to 10.1% after Aevum merged with IOR utilizing a script issue.