M&G expands Australian logistics portfolio with A$438 mil acquisitions

Asset manager M&G Real Estate has acquired a 49.9% interest in two modern logistics hubs in Sydney and Brisbane for a combined A$438 million ($392.9 million) from Australian property developer Stockland.

This adds about 154,000 sq m (1.66 million sq ft) of high-quality warehouse and distribution space to M&G’s growing logistics platform in Australia, the firm said in a July 31 release.

In Sydney, the Coopers Paddock estate comprises four logistics buildings completed in 2017, with a total gross floor area of about 51,000 sq m.

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Located in Warwick Farm within Sydney’s south-western industrial precinct, the asset is connected to the M5 and M7 motorways and broader arterial road networks, which enables efficient last-mile and interstate distribution.

In Brisbane’s southern industrial precinct, the Willawong Distribution Centre comprises seven standalone warehouses developed between 2019 and 2025, totalling about 103,000 sq m.

It is near Queensland’s primary rail-road hub, supporting connectivity to major east coast markets such as Sydney and Melbourne.

Both assets have sustainability features such as Green Star Performance certifications and rooftop solar installations.

Stockland retains a 50.1% stake in the two properties and continues to manage the portfolio.

Lai Jing Dong, CEO and chief investment officer of M&G Real Estate Asia, said that logistics has become "one of the most attractive segments" of the real estate market, supported by long-term structural trends such as e-commerce growth, evolving supply chains and population growth.

Stockland chief investment officer Justin Lous said that the transaction "enables us to further scale our funds management platform and create long-term value for our partners".

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The latest acquisition builds on the firm’s existing logistics partnership with Stockland, which started in 2024 with Ingleburn Logistics Park in Sydney.

Earlier in 2026, M&G and Stockland also announced a partnership to invest in two land lease communities in Australia — Halcyon Jardin and Halcyon Evergreen — to provide purpose-built housing for seniors.

M&G invests across European and Asian real estate, with capabilities spanning core, value-add and debt strategies.