THE Court of Session in Edinburgh, Scotland has approved Stockland's proposal to takeover Halledale.
This follows Halladale Shareholders voting in favour of the takeover in March.
Following both approvals, Stockland has finalised the acquisition.
“We are delighted to announce the completion of the acquisition of Halladale, which provides a springboard for us to capitalise on further growth opportunities in the UK by combining our integrated development capabilities and expertise with Halladale’s existing business and extensive local relationships,” Stockland’s managing director Matthew Quinn. “We are looking forward to developing the Stockland Halladale platform in order to build a market leading business in the
“We are very excited about the creation of Stockland Halladale and we will use our complementary skills to significantly grow the business in the coming years,” Halladale’s chief executive David Lockhart said.
David Lockhart will become executive chairman of Stockland Halladale, while Lisa Scenna and Ken Lindsay will be the joint managing directors.
Australian Property Journal
