Alec Harper, head of Australia at Oxford Properties
In today’s review of real estate news from around the region, Oxford Properties weighs a potential $1.1 billion sale of its Australia build-to-rent platform Indi, Equinix opens a $95 million data centre in Mumbai, and Charter Hall onboards an $845 million institutional mandate.
Oxford Properties Weighs $1B Sale of Australian BTR Platform Indi
Canadian pension fund OMERS-backed Oxford Properties is exploring a partial or full sale of its Australia build-to-rent platform Indi, in a deal that could value the business at A$1.5 billion ($1.1 billion), according to The Australian. Investment banks are in early conversations with Oxford about a potential advisory role.
Indi, operated through Oxford’s Investa platform, comprises three developments in Sydney’s city centre and Melbourne’s Southbank and Footscray, delivering over 1,400 apartments in total. Sources say the business would likely appeal to offshore capital and Australian superannuation funds such as Aware Super and AustralianSuper. Read more>>
Investa and Oxford Open First Purpose-Built BTR Tower in Sydney City Centre
Investa and Oxford Properties have officially opened Indi Sydney, the first purpose-built build-to-rent development in Sydney’s city centre, located directly above the Gadigal Metro Station on Pitt Street. The 39-storey tower comprises 234 one-, two- and three-bedroom apartments targeting over 500 residents.
The building carries a seven-star NatHERS energy rating and targets a five-star Green Star Design and As Built certification. Indi Sydney is the first asset to open in a portfolio of 1,370 apartments with an end value of A$1 billion ($704 million) upon completion, the company said. Read more>>
Equinix Opens $95M Mumbai Data Centre to Boost India AI and Cloud Capacity
Equinix has launched MB3, its fourth International Business Exchange data centre in Mumbai, with an initial investment of over $95 million. The facility provides more than 1,370 cabinets of capacity, with design capacity to scale to more than 5,475 cabinets, the company said.
MB3 is located in the Chandivali, Powai area of central Mumbai, covers nearly four acres (1.6 hectares) and is engineered for AI and machine learning workloads. Equinix’s cumulative investment across India now exceeds $365 million, with the company operating data centres in both Mumbai and Chennai. Read more>>
Charter Hall Wins $845M Diversified Property Mandate From Institutional Client
Charter Hall has announced the onboarding of a new A$1.2 billion ($844.6 million) diversified direct property mandate from an existing institutional client, with the details of the portfolio kept confidential. Managing director and CEO David Harrison said the mandate continues momentum in funds under management growth and equity flows announced during fiscal 2026.
Harrison said the appointment demonstrates Charter Hall’s cross-sector expertise across Australia’s core real estate sectors, including office, industrial, retail and social infrastructure, according to the ASX announcement. Read more>>
Hilton Signs Deal for 125 Midscale Hotels Across India in Push for Tier 2 Cities
Hilton has announced a 125-property development agreement targeting India’s midscale hotel segment, representing one of the largest single-market commitments in the company’s Asia Pacific strategy. Properties are to be branded under Hilton’s extended-stay and midscale collections, targeting nightly rates of $30 to $80.
The expansion focuses on tier-2 and tier-3 cities where traditional luxury operators have minimal presence. Hilton will deploy a franchise-based model through partnerships with regional developers and operators, with first-phase properties expected to open in 2027 and 2028, the report said. Read more>>
China Vanke Seeks to Extend Yuan Bond Due This Month to Avoid Default
China Vanke has told bondholders it is seeking to extend an onshore bond due in April, offering to repay 40 percent of the principal upfront, according to Bloomberg. The developer is considering applying the same terms as earlier proposals to extend three other bonds by one year, highlighting continued liquidity pressure at the state-backed firm.
Vanke faces ongoing debt challenges despite partial payment arrangements reached with creditors in January, when it agreed to pay RMB 2.9 billion ($424.2 million) to holders of three bonds to buy time for a broader restructuring plan. Read more>>
Dexus Offers Two Barangaroo Office Buildings for $176M in Sydney Value-Add Play
Dexus is offering two Hickson Road office buildings in Sydney’s Barangaroo precinct for A$250 million ($175.9 million), with CBRE and Savills launching a sale process targeting completion by the end of June. The 30 Hickson Road property is a nine-level tower featuring a full-height atrium, while 36 Hickson Road sits on the waterfront with two buildings across five and three levels respectively.
The assets are pitched as a value-add investment for buyers seeking to capitalise on Sydney office rents, which now top A$2,000 per square metre, and a shrinking development pipeline. Read more>>
Wolfdene Pivots to Industrial With $232M Melbourne Land Push Amid Residential Headwinds
Private developer Wolfdene has entered the industrial property sector, acquiring two Melbourne sites where it will undertake A$330 million ($232.2 million) in development alongside new partners. In Melbourne’s southeast, Wolfdene partnered with Wolf Group and Aspen Capital to acquire a 25 hectare (62 acre) employment precinct in Cranbourne East with an end value of A$200 million.
In the city’s north, Wolfdene expanded its partnership with Blueways Group to secure 19.7 hectares in Donnybrook, where a 91-lot light industrial subdivision with an end value of A$130 million is planned. Managing director Michael Goldthorp said the expansion reflects a disciplined response to market cycles, with both projects due to begin next year and complete in 2028. 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.
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