Halcyon completes Stockland sale

Halcyon completes Stockland sale

25 August 2021 By Emma Ryan
Halcyon completes Stockland sale

HopgoodGanim Lawyers has advised Halcyon on the multimillion-dollar sale of its business to Stockland.

Firms: HopgoodGanim Lawyers (Halcyon); undisclosed (Stockland).

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Deal: The Halcyon business has been sold to Stockland.

Value: $620 million.

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Area: M&A.

Key players: The HopgoodGanim team was led by partner Luke Mountford, with assistance from associate Sarah Judge and special counsel Anthony Pitt.

Deal significance: Halcyon is a Queensland-based company that has been in operation for 17 years. The group is described as being “Australia’s most awarded creator of lifestyle communities”.

Under the terms of the agreement, Stockland will acquire 3,800 sites across 13 Halcyon communities, including six established, four in development and three in planning, a statement from HopgoodGanim said.

“HopgoodGanim Lawyers is proud to have advised the owners of Halcyon for many years and it has been a pleasure working with the entire Halcyon team throughout the course of this significant transaction, said lead partner Mr Mountford.

“We congratulate all involved on successful completion of the deal and look forward to watching the Halcyon brand continue to grow and prosper into the future.”

Halcyon completes Stockland sale
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