Stockland is one of Australia’s leading diversified property groups with total assets of over $14.7 billion and operations in Australia and the United Kingdom.

We’re active in retail, office and industrial property, as well as residential communities, apartments and retirement living.

At 30 June 2008 we had over $900 million assets under management in Australia and $2.3 billion of assets under management in the UK and continental Europe. We are a top 50 Australian Securities Exchange listed Company (ASX: SGP) and have achieved 26 consecutive years of growth in operating earnings.

Diversity by asset class and geography underpins our continued performance. Our capability is strengthened by having a ‘one company’ approach but with the strengths of a diversified business.

Our vision is to create a world class property group. We see that our purpose is to deliver enduring value for our stakeholders through innovative, customer-focussed property solutions.

Our business model
One integrated platform ensures synergies, economies of scale and knowledge transfer across our diverse and global portfolio.

Our responsibilities to our stakeholders shape our mission:

• We recognise that our people are our most important asset
• We strive to exceed our customers’ expectations
• We aim to provide superior returns to our investors through outstanding performance
• We respect our relationship with authorities and Government
• We create equitable, rewarding partnerships by being clear about our expectations and sharing innovation and knowledge
• We aim to understand our role in the community – where we create places for new and existing communities, and in the community beyond, where we have an impact.

Our strategic themes:

• Optimise performance from existing businesses
• Capital Partners to fund growth and leverage our skills
• Seek synergies from our scale and diversification
• New complementary business initiatives
• High performing people and culture.

During the year, a number of structural changes have taken place responding to changing market conditions.

Group Design and Delivery was launched in early 2008 leading design and product innovation across the organisation, with the aim of achieving excellence in project design and delivery, supporting the execution of successful mixed-use projects. At the close of the year, the retail and office and industrial businesses were consolidated into a single group, Commercial Property. At the same time, our Capital Partners business was decentralised into our operating businesses to more effectively leverage our property skills.

We are an owner, manager, developer and fund manager of assets:

• Owner – We own shopping centres, office buildings, industrial sites and retirement villages. As a building owner, we have a substantial level of control over the environmental performance of these assets.
• Manager – We also manage shopping centres, office buildings and industrial sites. Typically, a property manager’s level of control over the environmental performance of assets is limited to influence. Nearly all assets we manage, however, are either owned by us or are placed in funds managed by us, meaning that we have greater ability to influence the performance of these assets.
• Developer – We are developing over 90 residential projects nationally, as well as new and substantially refurbished retail, office and industrial projects. As a developer, we have significant capacity to shape environmental and social outcomes. However, our ability to affect supply chain decisions can be limited as we rarely act as the principal contractor (builder).
• Fund manager – We have $900 million in assets under management. Typically, the fund manager has some scope to influence social and environmental performance through directing the property manager. We are able to exercise a reasonable level of control as we typically manage the assets in our property funds.