Stockland selling $700m Melbourne housing estate The Grove


Development giant Stockland is quietly shopping around one of its best-selling Melbourne residential estates, as it comes under pressure to improve its balance sheet amid the housing slowdown.

Stockland’s $700 million The Grove Estate in Tarneit in the city’s west is up for sale to a select group of buyers for a price understood to be between $150 million to $170 million.

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