Stamford Land Concludes Operations at Sir Stamford Hotel
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Stamford Land Corporation Ltd has handed over its Sir Stamford at Circular Quay property in Sydney to a purchaser, ending its hotel operations there. This follows the property's divestment in FY2023. The move will not impact the company's net tangible assets but will result in a loss of revenue and operating results from the property, which contributed 7.6% of the Group's revenue and 5.4% of its profit before tax in the first half of FY2026.
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