EQT has announced that EQT Infrastructure V fund (EQT Infrastructure) has agreed to acquire Stockland Retirement Living from Stockland Group. The transaction valued the company at AUD987 million (US$713.41 million).
Stockland Retirement Living provides retirement housing in Australia. Its portfolio includes over 10,000 residents in 58 villages across Australia’s eastern seaboard, and a pipeline of 1,300 new units to be developed in attractive retirement locations.
The transaction is subject to customary conditions and approvals, including the approval of the Foreign Investment Review Board. It is expected to close in late Q2 2022. EQT Infrastructure was advised by Goldman Sachs and King & Wood Mallesons.