The lack of interest by purchasers for Stockland’s retirement operations could mean the company’s CEO, Mark Steinert (pictured) would partner with FKP.
Such a partnership is believed to be under consideration after Stockland discussed spinning their retirement business into a separate trust, an idea mooted by FKP for its business.
Although such claims are, at this point, without official comment, Stockland has said their strategic review continues.
Stockland owns a 14.3 per cent stake in FKP Property Group.