Mitsubishi Estate Asia has plans to sell its 49.9 percent interest in the Stockland Residential Rental Partnership amid surging investment interest in the Australian land lease communities’ sector, according to an announcement from CBRE, which is overseeing the sale.
The portfolio includes six new operational land lease communities comprising 2,025 homes with resort-quality facilities in prime lifestyle locations across South-East Queensland and Melbourne.
Stockland as manager will continue to own its 50.1% interest in the Stockland Residential Rental Partnership.
The divestment is consistent with Mitsubishi Estate Asia’s global capital recycling strategy and plays an important role in supporting the group’s long-term investment platform in Australia. Through the disciplined recycling of capital, Mitsubishi Estate Asia has been able to reinvest proceeds into high-quality growth development projects, allowing the group to continuously redeploy capital into
