# Mitsubishi Estate Asia sells 49.9% stake in Australian land lease portfolio for A$400 mil

- **Source:** EdgeProp Singapore
- **Published:** 2026-08-11T03:24:49.000Z
- **Author:** Atiqah Mokhtar
- **Original:** https://www.edgeprop.sg/property-news/mitsubishi-estate-asia-sells-499-stake-australian-land-lease-portfolio-a400-mil
- **Topics:** Commercial & Industrial, Transactions & Deals, Investment & Capital Markets

## Featured rationale

The circa 5% yield signals growing superannuation demand for income-producing living assets, which could support institutional investment and liquidity in Australia’s senior housing segment.

## AI summary

Mitsubishi Estate Asia sold its 49.9% stake in a six-community, 2,025-home Australian land lease portfolio to a Mercer-managed pension fund for over A$400 million.

## Original article

Mitsubishi Estate Asia (MEA) has sold its stake in a portfolio of Australian senior living communities to a pension fund managed by New York-headquartered Mercer Investments. The deal is valued at over A$400 million (about $361 million).

MEA had put up its 49.9% stake in Stockland Residential Rental Partnership (SRRP), a joint venture with Australian developer Stockland, for sale in February. SRRP has a portfolio of six operational land lease communities comprising 2,025 homes across Queensland and Melbourne.

Mercer Investments (Australia) acquired the stake on behalf of an Australian superannuation fund. Stockland will retain its 50.1% interest in SRRP and continue to manage the partnership.

Read also: Frasers Property Industrial CEO Reini Otter moves to ESR

The sale of MEA’s stake reflects a yield of circa 5%, said CBRE, which brokered the deal. “This transaction is a significant marker for Australia’s living sector, with this acquisition demonstrating how superannuation capital is increasingly targeting high-quality, income-producing living assets,” added Stuart McCann, CBRE’s managing director and head of capital advisors, Pacific and Southeast Asia.

## Chinese translation

> Translation model: openai_codex_cli

### Mitsubishi Estate Asia 以 4 亿澳元出售澳大利亚土地租赁组合 49.9% 股权

该组合包括六个土地租赁社区，在昆士兰和墨尔本共有 2,025 套住宅。

Mitsubishi Estate Asia（MEA）已将其在一个澳大利亚老年生活社区组合中的股权出售给由总部位于纽约的 Mercer Investments 管理的一只养老基金。该交易价值超过 4 亿澳元（约 3.61 亿新币）。

MEA 于 2 月将其在 Stockland Residential Rental Partnership（SRRP）中的 49.9% 股权挂牌出售。SRRP 是其与澳大利亚发展商 Stockland 成立的合资企业，持有一个由六个运营中土地租赁社区组成的组合，在昆士兰和墨尔本共有 2,025 套住宅。

Mercer Investments（Australia）代表一只澳大利亚退休金基金收购了该股权。Stockland 将保留其在 SRRP 中的 50.1% 权益，并继续管理该合资项目。

另请阅读：Frasers Property Industrial 首席执行官 Reini Otter 转投 ESR

负责促成该交易的 CBRE 表示，MEA 股权出售反映的收益率约为 5%。CBRE 太平洋及东南亚资本顾问董事总经理兼主管 Stuart McCann 补充说：“这项交易是澳大利亚居住领域的一个重要标志，此次收购显示退休金资本正越来越多地瞄准高质量、产生收入的居住资产。”