The projects are located in QLD, VIC, NSW and WA and will be acquired by the Stockland Residential Communities Partnership (SRCP), which is ultimately 49.9 per cent owned by Supalai Australia Holdings Pty Ltd.

Supalai was represented by long term advisors Gersh Investment Partners. Supalai is listed on the Thai stock exchange with a market capitalisation of around $A2 billion, and has been active in Australia since 2014. Supalai Australia Holdings has approximately $5 billion in end value across the 12 major residential development projects.

The Maddocks team was led by Development Partner Nick Holuigue, and Commercial Partners Jessica Reid, Michael Taylor-Sands, Chong Ming Goh and Ilan Kraus. In advising Supalai, the team worked closely with Gersh Investment Partners to advise Supalai Australia Holdings on the terms of its joint venture arrangement with Stockland and ongoing management of the assets.

Commenting on the transaction, Nick Holuigue said: “This is an important transaction for Supalai and one of the most significant transactions in the Australian land market in the last 12 months. Our cross-practice team was able to work together with Gersh Investment Partners to assist Supalai on this transaction and to build upon its existing and successful relationship with Stockland.”