M&G Real Estate, a part of M&G Investments’ private markets business, has acquired a 49.9% interest in two modern logistics assets in Sydney and Brisbane for A$438 million ($392.8 million) on behalf of the M&G Asia Property strategy.
The stake acquisition of Coopers Paddock in Sydney and the Willawong Distribution Centre in Brisbane adds around 154,000 sqm of warehouse and distribution space — the equivalent of approximately 22 football pitches — to M&G’s logistics platform in Australia.
Completed in 2017, Coopers Paddock in Warwick Farm, Sydney, comprises four logistics buildings with a total gross floor area of approximately 51,000 sqm. Located within Sydney’s south-western industrial precinct, the asset enjoys connectivity to the M5 and M7 motorways and broader arterial road networks.
Meanwhile, Willawong Distribution Centre (above), located in Brisbane’s southern industrial precinct, comprises seven modern warehouses developed between 2019 and 2025, totalling approximately 103,000 sqm. Located within the Brisbane South industrial precinct, the asset is in close proximity to Queensland’s primary railroad hub, with access to major road arterials and proximity to the Acacia Ridge intermodal freight terminal.
Both assets feature Green Star Performance certifications and rooftop solar installations.
Australia-listed Stockland retains 50.1% interest in the two assets, and continues to manage the portfolio. The investment builds on Stockland and M&G’s logistics partnership, which was established in 2024 and formed around the Ingleburn Logistics Park in Sydney.
Together with Coopers Paddock in Sydney and Willawong Distribution Centre in Brisbane, the partnership and aligned structures now comprises three assets with a combined value of approximately A$900 million.
Stockland CIO Justin Louis, says the addition of the two assets “enables us to further scale our funds management platform and create long-term value for our partners”.
See also: M&G Real Estate acquires six residential assets in Tokyo for JPY19.4 bil
Stockland’s national logistics platform includes 28 properties located across Australia. “Logistics remains a key growth driver for Stockland, supported by strong customer demand, population growth and ongoing supply chain evolution,” adds Louis.
Lai Jing Dong, CEO and CIO of M&G Real Estate Asia says Coopers Paddock and Willawong Distribution Centre offers exposure to high-quality assets in two “established logistics locations”. “Together, they strengthen the portfolio with assets that are well placed to serve occupiers’ evolving needs and support resilient long-term performance for investors.”
Earlier this year, Stockland and M&G Real Estate announced a land lease communities partnership with investment in two purpose-built communities — Halcyon Jardin and Halcyon Evergreen — in Australia.
M&G has been investing in Asia Pacific for more than two decades, with a track record in Australia since 2004. The M&G Asia Property Strategy focuses on delivering stable income and resilient performance through a diversified portfolio of real estate assets across the region.
Recent investments include the Logisvalley Ansan in Seoul and Ingleburn Logistics Park in Sydney.
M&G Investments is part of M&G, a savings and investments company with US$500.5 billion ($647.40 billion) of assets under management as at March 31.
Photo: M&G Real Estate
