Stockland will sell an estimated $2 billion of retail and retirement living assets as it cuts exposure to those sectors, boosts investment in residential – through build-to-sell and build-to-rent apartments, as well as in land lease communities – and expands its workplace and logistics portfolios over the next five years.

The changes, outlined in a strategy review outlined by chief executive Tarun Gupta on Monday, will cut the current 41 per cent of net funds deployed in retail to as little as 20 per cent over the next five years, boost residential from 15 per cent to as much as 35 per cent and increase exposure to office and logistics assets from the current 35 per cent.