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Stockland Expands Australian Logistics Partnership With M&G Real Estate, Adding AU$438 Million in Assets

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Stockland (ASX:SGP) said it has expanded its Australian logistics partnership with M&G Real Estate, part of M&G Investments' private markets business, through the addition of two assets in New South Wales and Queensland with a combined value of AU$438 million, according to a Monday Australian bourse filing.

The company said M&G Real Estate will hold a 49.9% interest in the new assets on behalf of the M&G Asia Property Strategy, with Stockland retaining a 50.1% interest and continuing to manage the portfolio.

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