Yennora. Stockland to keep facility

Stockland will keep its flagship $350 million Yennora industrial distribution centre, the biggest in the country, after saying it was selling a number of industrial assets to focus on its ''three R'' strategy of retail, residential and retirement. Fund manager, 360 Capital, is to launch a $336 million listed industrial trust with seven new properties it has acquired from Stockland across Victoria, Queensland and NSW as the cornerstone assets.