Stockland says in talks on a number of properties

Mon May 26, 2008 9:51pm EDT
 
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SYDNEY, May 27 (Reuters) - Stockland Group (SGP.AX), an Australian property developer, said on Tuesday it was in discussions with several parties involving a number of properties.

Stockland was responding to a report in the Australian Financial Review newspaper that it was looking to raise cash by selling up to A$1.9 billion ($1.8 billion) of property assets. ($1=A$1.04) (Reporting by James Thornhill)

 

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