Stockland has confirmed the establishment of two new logistics partnerships, as revealed in its 1H25 Results presentation. The new partnerships, with global investment firms M&G and KKR, mark a significant move in Stockland’s logistics investment strategy. The combined portfolio value of these partnerships stands at approximately $800 million.
The Stockland M&G Asia Property Trust is a 50/50 open-ended partnership, seeded with the Ingleburn Logistics Park, located in Sydney’s south-west. The second partnership, the Stockland Logistics Partnership Trust with KKR, is a 70/30 open-ended core-plus partnership, seeded with three existing logistics assets in Sydney.
In its latest report, Stockland highlighted that its logistics portfolio is performing well, with a high portfolio occupancy rate of 97.1% by income across its metropolitan assets. This strong performance has contributed to a net valuation gain of $71 million, or 1.9%, for the period.
Tarun Gupta, Stockland’s Managing Director and CEO, expressed his satisfaction with the new partnerships. “We were delighted to welcome M&G Real Estate and KKR, two globally recognized capital partners to our Logistics platform through the formation of new partnerships with a combined initial portfolio value of ~$800m,” Gupta said.
The addition of M&G and KKR to Stockland’s logistics sector further strengthens the company’s investment strategy, which has seen the establishment of seven partnerships across Residential, Workplace, and Logistics sectors since the company’s November 2021 strategy refresh.
Another key achievement for Stockland in its logistics portfolio was the completion of the Altona Industrial Estate in Melbourne’s southwest, valued at $134 million, further cementing the company’s growth in the logistics real estate sector.
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