Stockland and M&G Real Estate have added two industrial properties worth a combined A$438m to almost double the value of their Australian logistics partnership to approximately A$900m (€547m).
The partnership, which was established in 2024 with the A$415m Ingleburn Logistics Park in Sydney as its seed asset, has acquired the Coopers Paddock site in Sydney and the Willawong Distribution Centre in Brisbane.
The two properties add approximately 154,000sqm of modern logistics space to the venture. Under the terms of the deal, M&G Real Estate will hold a 49.9% interest in the assets on behalf of its M&G Asia Property strategy, while Stockland will retain a 50.1% stake and continue to manage the portfolio.
Justin Louis, Stockland CIO, said: “The transaction reflects the continued development of our partnership with M&G Real Estate and our shared commitment to providing high-quality, commercially attractive investment opportunities for capital partners. The addition of these assets enables us to further scale our funds management platform and create long-term value for our partners.
“Logistics remains a key growth driver for Stockland, supported by strong customer demand, population growth and ongoing supply chain evolution. With a portfolio of strategically located assets and development opportunities, we are well positioned to benefit from these long-term structural trends.”
Jing Dong Lai, CEO and CIO of M&G Real Estate Asia, said: “This investment builds on our conviction in Australian logistics and the value of working with an established local partner in Stockland.
“Coopers Paddock and Willawong Distribution Centre give us exposure to high-quality assets in two established logistics locations. Together, they strengthen the portfolio with assets that are well placed to serve occupiers’ evolving needs and support resilient long-term performance for investors.”
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