Stockland, M&G Real Estate add Sydney, Brisbane logistics assets in A$438 million deal
XLRE•XLRE•XLRE•XLRE•M&G took a 49.9% stake in the two assets via the M&G Asia Property Strategy; Stockland retained 50.1% and will manage the portfolio.
The partnership now spans three logistics assets valued at about A$900 million, following the 2024 Ingleburn Logistics Park transaction.
The two new sites add about 154,000 square meters of modern logistics space across east coast markets.
Stockland expanded its Australian logistics partnership with M&G Real Estate via A$438 million additions in Sydney, New South Wales, and Brisbane, Queensland.
