Stockland’s Acquisition of Masterplanned Communities Portfolio
Jarden acted as Exclusive Financial Advisor and sole debt arranger on Stockland’s acquisition of a masterplanned communities portfolio from Lendlease.
Expertise
Financial advisory, transaction structuring, financing solutions.
Strategic Context
On 18 December 2023, Stockland announced the acquisition of a $1.06 billion masterplanned communities (MPC) portfolio from Lendlease.
The portfolio was acquired through the Stockland Supalai Residential Communities Partnership (SSRCP), a joint venture with Supalai Public Company, a leading Thai property developer.
Additionally, SSRCP entered into a call option over additional parcels of land for up to $239 million, subject to certain conditions precedent being met.
Execution
Jarden acted as Exclusive Financial Advisor and Sole Debt Arranger to Stockland, which included securing an innovative financing package for SSRCP.
Key transaction highlights included:
- Extends Stockland’s leadership in residential development with a high-quality trading portfolio weighted to Australia’s eastern seaboard.
- Potential upside from development opportunities on acquired sites including land lease communities and community real estate.
- Scales Stockland’s capital partnerships, enhancing return on invested capital and growing recurring income streams.
Outcome
The transaction was strongly aligned with Stockland's strategic priorities including reshaping its portfolio, accelerating the delivery of its development pipeline and scaling capital partnerships.
Jarden’s role in structuring the transaction ensured Stockland secured a strategically significant portfolio alongside a high-quality capital partner and supported by an innovative financing package.
