5 December 2011 – Stockland is outsourcing the management of its office and Industrial assets to CBRE from March next year.

Outsourcing would improve efficiency and support the growth of Stockland’s core businesses – residential communities, retail and retirement living, a  Stockland statement said.

High level investment management, leasing control and approvals, and any accretive development will continue to be managed in-house.

“Nearly a third of Stockland’s office portfolio by value is managed externally and it now makes sense for us to apply the same arrangements to the remainder of the portfolio,” CEO Commercial Property John Schroder said.