Anthea Lee, chief executive of FLCT’s manager (Image: FLCT)
In today’s review of real estate news from around the region, Frasers Logistics & Commercial Trust completes a Netherlands logistics acquisition fully leased to global group DSV, Hong Kong’s residential market shows early signs of a recovery with first-hand sales surging more than 50 percent year-on-year, and Gurner Group files plans for a $215 million mixed-use precinct in Melbourne’s Richmond.
Frasers REIT Buys $51M Netherlands Logistics Property in Deal With DSV
Frasers Logistics & Commercial Trust has completed the acquisition of a freehold logistics property in Hapert, Netherlands for €43 million ($50.6 million), the REIT’s manager said. The newly built facility spans 25,603 square metres (275,588 square feet) of gross lettable area.
Fully leased to global logistics group DSV with a weighted average lease expiry of 9.5 years, the property will lift Singapore-listed FLCT’s portfolio to 114 assets valued at S$7 billion ($5.5 billion). Read more>>
Koramco Wins Mandate to Manage Seoul’s Yeoksam Centerfield
Koramco Asset Management has been named preferred manager for Yeoksam Centerfield, a prime mixed-use office complex in Seoul’s Gangnam district, beating out KB Asset Management in the selection process, according to South Korean financial media.
The National Pension Service and Shinsegae Property, each holding 49.7 percent equity, selected Koramco to replace incumbent manager IGIS Asset Management following a dispute over the fund’s intended direction. Read more>>
China New Home Prices Extend Decline with 3.4% Annual Drop in March
China’s new home prices fell 0.2 percent month-to-month in March, with their annual decline deepening to 3.4 percent, the sharpest drop in 10 months, according to Reuters calculations based on National Bureau of Statistics data.
Shanghai bucked the trend, with new home prices rising 0.3 percent month-to-month. Macquarie chief China economist Larry Hu said the market had not yet bottomed out but appeared to be getting closer. Read more>>
Barings Opens Abu Dhabi Office to Deepen Middle East Presence
Alternative asset manager Barings has opened an office within the Abu Dhabi Global Market financial centre, following its Dubai office launch in 2024. The firm aims to deepen ties with sovereign wealth funds, institutional investors and family offices across the Gulf, it said.
The firm, which manages $481 billion in assets, said it sees strong appetite among Middle Eastern investors for public credit, private credit and real estate. Read more>>
KDDI to Invest $76M in Thailand Data Centre Expansion
Japanese telecoms group KDDI Corporation will inject THB 2.4 billion ($75.9 million) into its Thai subsidiary Telehouse (Thailand) to fund land acquisition and expand its data centre operations in Bangkok, the company announced. The capital increase will lift KDDI’s stake in the subsidiary from 45 percent to 87.7 percent.
KDDI cited rising demand driven by generative AI adoption and cloud computing growth, alongside government-led digitalisation policies in Thailand, as rationale for the expansion, the announcement said. Read more>>
Hong Kong Residential Market Shows Early Signs of Recovery
Hong Kong’s residential property market is showing early signs of a recovery, with the home price index at a two-year high after climbing steadily for about a year, Bloomberg reported. Morgan Stanley expects residential prices to rise 10 percent in 2026.
First-hand sales are estimated to reach 2,500 transactions in April, up more than 50 percent year on year, Midland Realty said. Grade A office rents in the city centre rose 3.5 percent in early 2026, per JLL. Read more>>
Gurner Files Plans for $215M Melbourne Mixed-Use Precinct
Gurner Group has submitted plans for a 685-home mixed-use precinct in Richmond, Melbourne, valued at A$300 million ($214.8 million). The proposed Harrington Village spans a 12,802 square metre (137,800 square foot) site and includes up to 16,000 square metres of commercial and retail space.
The four-stage project, designed by FK Architects, features 10 percent affordable housing and the retention of heritage buildings for employment uses, according to The Urban Developer. Read more>>
STT GDC and SuperX Launch AI Innovation Centre in Singapore
ST Telemedia Global Data Centres and SuperX AI Technology have launched an AI Innovation Centre at STT’s Singapore 5 facility in the Tai Seng industrial area, offering enterprises direct access to Nvidia Blackwell GPU infrastructure, the companies announced.
The centre is open to enterprises, regional businesses and higher-learning institutions and includes a 14-day free trial for qualified customers. STT GDC said all workloads run locally in Singapore to meet data-residency requirements for regulated industries. 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.
Leave a Reply