Mallesons has advised Stockland (ASX: SGP) on the establishment of the Stockland Convenience Retail Partnership, a new strategic retail platform with an investment vehicle managed by Morgan Stanley Real Estate Investing (MSREI).
The partnership has been established to launch and grow a potential A$1 billion convenience retail fund, focused on high-quality convenience retail centres across Australia. The initial seed portfolio is valued at approximately $250 million.
The seed portfolio comprises Stockland Gables Town Centre in New South Wales, Stockland Providence Town Centre in Queensland and Stockland Sienna Wood Town Centre in Western Australia.
Under the partnership, MSREI will hold a majority interest in the portfolio, with Stockland retaining a significant stake and continuing to manage the properties.
The Mallesons team was led by Real Estate Partner Francesca Giorlando, supported by Senior Associates Chloe Johnston, Andrea Shan, Solicitors Dorothy Chung and Wei Jie Chong.
Commenting on the transaction, Francesca Giorlando said:
“This transaction combines Stockland’s master planning and retail expertise with MSREI’s investment capability. It reflects continued investor demand for Australian convenience retail assets and the role of capital partnering in supporting growth.”
The deal reflects Mallesons’ deep experience advising on complex real estate capital partnerships that bring together leading Australian property groups and global institutional capital.
