M&G Asia Property Fund – Stockland Coopers Paddock and Willawong Distribution Centre

WA-75025

M&G Asia Property Fund (**MAP**), through its wholly-owned subsidiary MAP Logistics Holding Trust, proposes to acquire units in the Stockland M&G Asia Partnership 2 (the **Acquisition**). The Acquisition is taking place as part of an arrangement pursuant to which MAP, as an institutional investor, will provide capital for the continued operation of two logistics facilities, Coopers Paddock (NSW) and Willawong Distribution Centre (QLD). Coopers Paddock is currently owned and operated by Stockland Trust (Stockland) while Willawong Distribution Centre is owned and operated by Stockland Willawong Industrial Trust, a sub-trust indirectly owned by Stockland. MAP is a fund managed by M&G Luxembourg S.A. It is an open-ended real estate investment fund with an investment mandate to acquire institutional-quality real estate investments across the Asia region, including in Australia. Stockland is a large Australian diversified real estate development and property management group. As part of its activities, Stockland owns and operates a portfolio of logistics facilities.