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SGP ann. re: Harris Scarfe Holdings Ltd

Document date:  Fri 06 Apr 2001
Published:  Fri 06 Apr 2001 16:46:37
Document No:  232720
Document part:  A
Market Flag:  N
Classification:  Other

STOCKLAND TRUST GROUP                         2001-04-06  ASX-SIGNAL-G

HOMEX - Sydney                                                        

+++++++++++++++++++++++++
We refer to the appointment by Harris Scarfe Holdings Limited
("Harris Scarfe") of Voluntary Administrators on 3rd April, 2000
and the appointment today of a Receiver by ANZ Bank.

Subsidiaries of Harris Scarfe are tenants in Stockland Trust's Cairns
and Townsville Shopping Centres and in the subsidiary Advance
Property Funds' Elizabeth Centre in Adelaide. David Jones Limited
guarantees the payment of rent in the Adelaide store, but no such
guarantees exist for the Cairns and Townsville stores.

We will continue to monitor the position and will advise the market
of any likely impact on our earnings when the position becomes
clearer.

J A Rasmussen 
COMPANY SECRETARY