As part of Stockland’s results presentation today, Stockland announced the establishment of core and core+ capital partnerships across an AU$800m+ portfolio of logistics assets.

CBRE advised on both partnerships, which involve M&G Real Estate and KKR.

CBRE have exclusively advised Stockland on the establishment of two new, core and core+ logistics capital partnerships with globally recognised capital partners - M&G and KKR - with a combined initial portfolio of over AU$800 million.

Stockland M&G Asia Property Trust – a 50/50 open-ended partnership with M&G Real Estate, seeded by Ingleburn Logistics Park, NSW – initial portfolio GAV ~$415m

Stockland Logistics Partnership Trust – 70/30 open-ended Core-Plus partnership with KKR (70%) seeded with three Sydney logistics assets – initial portfolio GAV ~$388m

Stuart McCann, Paul Ryan and Chris O’Brien of CBRE advised Stockland.

“These partnerships highlight the increased levels of core and core+ capital returning to markets in Australia, as capitalisation rates have stabilised and strong rental growth dynamics continue to drive attractive returns,” Mr McCann said.

As part of its results presentation today, Stockland announced the establishment of core and core+ capital partnerships across an AU$800m+ portfolio of logistics assets https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02914431-2A1579007