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MarketScreener Homepage  >  Equities  >  Australian Stock Exchange  >  Stockland    SGP   AU000000SGP0

STOCKLAND

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Stockland : Whiteman Edge introduces recycled roads

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05/13/2020 | 09:50pm EDT
Media release

Saving litter from landfill with every kilometre

Whiteman Edge will be Stockland's first community in Australia to trial a new recycled asphalt pavement that will help divert hundreds of thousands of plastic bags, glass bottles, and printer toners from landfill.

The innovative product contains 30% recycled asphalt, which diverts up to 500,000 plastic bags and packaging equivalents, 165,000 glass bottles equivalents, and 12,000 printer toners from landfill for every one kilometre of a two-lane Reconophalt road.

The new Downer Reconophalt product will be used to build roads for Whiteman Edge's new stages, 31 and 32 and is a collaboration with the City of Swan.

Stockland General Manager WA Residential Col Dutton said the trial of Downer's Reconophalt product at Whiteman Edge is part of Stockland's long-term, national sustainability strategy.

'As a leading property developer, we are always looking for smarter, more efficient, and environmentally friendly ways to progress our communities.

We are very excited that Whiteman Edge is the first City of Swan community and the first community for Stockland to utilise such an innovative product that will significantly reduce waste and landfill in our state,' Mr Dutton said.

City of Swan Asset Works Coordinator, Jamie Hogan said that the City of Swan were happy to participate in the trial and are looking forward to completing more sustainability initiatives with Stockland in the future.

'The City is committed to the ongoing goal of making our council more sustainable and environmentally friendly.

This trial is set to divert a significant amount of litter and waste, that would normally find itself in landfill, so we were very happy for Stockland to utilise this asphalt in their latest stages at Whiteman Edge,' said Mr Hogan.

Whiteman Edge is a thriving, family-friendly community with world-class parks, flourishing leafy streetscapes and a wide range of local amenities, located just 20km from Perth CBD.

Land at Whiteman Edge in Brabham is currently priced from $157,100* For more information on the community visit www.stockland.com.au/whitemanedge.

Disclaimer

Stockland Corporation Limited published this content on 04 May 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 14 May 2020 01:49:04 UTC

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Net income 2020 731 M 511 M 511 M
Net Debt 2020 4 477 M 3 129 M 3 129 M
P/E ratio 2020 12,5x
Yield 2020 6,33%
Capitalization 9 130 M 6 335 M 6 381 M
EV / Sales 2019
EV / Sales 2020 5,36x
Nbr of Employees 1 463
Free-Float 98,8%
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Mark Steinert Chief Executive Officer, MD & Director
Thomas William Pockett Non-Executive Chairman
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Sharmila Tsourdalakis Chief Innovation, Marketing & Technology Officer
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