Mercer Investments (Australia) Limited– Stockland Residential Rental Partnership

WA-05026

Mercer Investments (Australia) Limited (**MIAL**) as trustee for AP#2 Trust proposes to acquire a 49.9% interest in the Stockland Residential Rental Partnership (**SRRP**) portfolio from One MEA Holdings Pte. Ltd (**One MEA**). MIAL is a wholly owned subsidiary of Mercer (Australia) Pty Ltd, which is part of the Mercer group of companies (**Mercer**). Mercer is a member of the Marsh & McLennan Companies, a group of professional services companies offering advice and solutions in the areas of risk, strategy and human capital. MIAL is the trustee of AP#2 Trust. AP#2 Trust is an investment vehicle established and managed by MIAL for the purposes of investing in real estate assets in Australia on behalf of the Mercer Super Trust, a registered and qualifying superannuation fund. SRRP was established by Stockland and Mitsubishi Estate Asia (**MEA**) in 2022. SRRP is focused on the development and long-term ownership of land lease communities. As at the proposed completion date of the Acquisition, the SRRP portfolio will be comprised of 5 stabilised communities and 1 community partly complete and partly under development, with the total portfolio including approximately 2,000 homes across Queensland and Victoria. MEA is the international real estate development and investment arm of the Japanese property firm, Mitsubishi Estate Co. Ltd (**MEC**). One MEA is the investment vehicle owned by MEC and managed by MEA. Headquartered in Singapore since 2008, MEA oversees MEC's regional operations in countries including Vietnam, Indonesia, Thailand, and Australia.