Dexus Launches $1B Aussie Office Fund and More APAC Real Estate Headlines

In today’s review of real estate news from around the region, Australian developer Dexus assembles a new office fund anchored by its landmark Atlassian tower, Bain Capital races to a $12.5 billion close across its Asia and Japan funds, and Ardian and Abu Dhabi’s ADIA launch a real estate secondaries platform.

Dexus Launches New Office Fund Anchored by $1B Sydney Tower

Australian property group Dexus is assembling a new office fund anchored by its under-construction Atlassian headquarters, a A$1.4 billion ($1 billion) timber tower near Sydney’s Central rail station spanning 75,000 square metres (807,293 square feet) under a 15-year lease.

Chief executive Ross Du Vernet said discussions remain at an early stage, with an invitation-only process targeting institutions and offshore investors, consistent with the company’s strategy to reduce direct office exposure. Read more>>

Orix JREIT Buying Tokyo Office for $71M, Selling Regional Landmark for $108M

Tokyo-listed Orix JREIT has agreed to acquire Kamata Prime, an eight-storey office building in Ota ward, for JPY 11.3 billion ($71.4 million), while selling its Hamamatsu Act Tower in Shizuoka prefecture for JPY 17.15 billion, according to an announcement.

Orix JREIT cited Kamata Prime’s large floor plates and strong access to central Tokyo and Haneda Airport. The Hamamatsu sale clears an estimated JPY 1.52 billion gain, with the buyer also pledging public-private revitalisation initiatives. Read more>>

Bain Capital Closes $12.5B Asia and Japan Funds After Seven-Month Sprint

Bain Capital has closed its sixth Asia buyout fund at $10.5 billion, well past its initial $7 billion target, with senior management committing more than $1 billion of their own capital, according to people familiar with the matter.

On top of a separate $2 billion Japan fund raised last year, combined fresh capital reaches $12.5 billion. Bain completed the raise in roughly seven months, against an 18-month Asia Pacific average in 2025, according to Deloitte. Read more>>

Arnya and Supreme Universal Raise $112M for India Real Estate Equity Fund

Arnya Real Estates Fund Advisors and Mumbai-based developer Supreme Universal have completed the first close of their Arnya Real Estate Fund-Equity at INR 10.3 billion ($112.1 million), drawing domestic and offshore investors including family offices and high-net-worth individuals, the companies said.

Arnya will manage the SEBI-registered Category II alternative investment fund while Supreme Universal develops the underlying projects. The sponsors contributed INR 2.2 billion of the total raise. Read more>>

Brookfield 1,010-Bed Melbourne Student Tower Tops Out

Brookfield’s Journal Student Living development Market Way has reached structural completion on Franklin Street in Melbourne, delivering 1,010 beds of purpose-built student accommodation with extensive communal amenities, the company announced.

Brookfield cited strong conviction in the Australian student accommodation sector, pointing to the country’s status as a global education hub and a structural undersupply of high-quality purpose-built stock. Read more>>

Ardian and ADIA Launch Real Estate Secondaries Platform

French alternative asset manager Ardian has agreed with a unit of the Abu Dhabi Investment Authority to launch a dedicated real estate secondaries platform, extending a multi-year relationship across multiple strategies, the firm announced.

Executive vice-president and co-head of secondaries Vladimir Colas said current conditions present a compelling entry point for real estate secondaries. The platform deepens Ardian’s push to expand its secondaries franchise across alternative asset classes. Read more>>

Investa Wins Approval for 251-Unit Sydney Living Project With Japanese Partners

Investa has received development approval from the Central Sydney Planning Committee for 140 Elizabeth Street, a 251-unit fully furnished studio apartment building in the city centre targeting completion in 2029, the company announced.

Capital partners JR West Real Estate and Development Company, Sotetsu Real Estate and Sumitomo Mitsui Trust Bank are co-investing in the scheme, which retains ground and first-floor space for the Salvation Army Australia. Read more>>

Aoyuan Liquidators Sell Sydney Land Bank for $15.8M, a Fraction of 2017 Price

Liquidators for an entity linked to Hong Kong-listed Aoyuan International have sold a 237 hectare (586 acre) site at 66 Eltons Road in western Sydney’s Silverdale to the National Parks and Wildlife Service for A$22 million ($15.8 million), far below the A$115 million paid in 2017.

A liquidity crisis in China forced Aoyuan’s Australian arm to halt development, and the group filed for Chapter 15 bankruptcy in the US in late 2024. Sources expect part of the site to support infrastructure for the nearby Wollondilly and Liverpool growth corridors. Read more>>

Tune in again soon for more real estate news and be sure to follow @Mingtiandi on X, or bookmark Mingtiandi’s LinkedIn page for headlines as they happen.