A rendering of a Bridge Data Centres facility in Johor, Malaysia
In today’s review of real estate news from around the region, Bain Capital is said to be seeking a buyer for a stake in Bridge Data Centres at a $5 billion valuation, while CapitaLand Integrated Commercial Trust posts a 7.9 percent net income gain. Also in the roundup, Chatham Financial agrees to acquire real assets advisory firm Hodes Weill and Associates, and Mitsui Fudosan unveils the name of its landmark Nihonbashi mixed-use tower project.
Bain Capital Eyes $5B Bridge Data Centres Stake Sale
Bain Capital is seeking a buyer for a minority stake in Bridge Data Centres, a digital infrastructure operator active in Malaysia, Thailand and India, at a valuation of around $5 billion, sources said. Indicative bids are due by mid-May.
Bain would consider a controlling stake sale if it receives an attractive offer. Asia Pacific’s share of global data centre M&A has surged to 45 percent in 2026, up from 11 percent last year, according to Dealogic data. Read more>>
CICT Posts 7.9% NPI Gain as Trust Nears $3.1B Paragon Buy
CapitaLand Integrated Commercial Trust posted net property income of S$314.4 million ($245.8 million) for the first quarter, up 7.9 percent year-on-year, driven by the full income contribution from CapitaSpring and additions from its Frankfurt office asset.
CICT this week announced a proposed S$3.9 billion ($3.1 billion) acquisition of a full interest in Paragon, the freehold Orchard Road retail and medical office complex. The deal is designed to be DPU-accretive, the manager said. Read more>>
SEA Holdings Selling Shouson Hill Mansion for $23M at a Loss
Hong Kong developer SEA Holdings has agreed to sell a vacant residential property at 1 Shouson Hill Road East, on the southern side of Hong Kong island, to a local buyer for HK$180 million ($23 million) in cash.
The sale, announced in a filing to the Hong Kong stock exchange, will generate an estimated loss of HK$17.2 million before transaction costs, the company said. SEA plans to use the net proceeds as general working capital. Read more>>
Melbourne’s Fawkner Property Buys Woolworths New Zealand Shopping Centres for $71M
Woolworths has sold an A$100 million ($71 million) portfolio of New Zealand shopping centres to Melbourne-based Fawkner Property, taking the supermarket giant’s property divestments to nearly A$600 million this year.
The move comes shortly after Woolworths completed a similar deal for its Australian assets, with a A$500 million portfolio sold to a Taiwanese investor Forest Endeavour. Woolworths develops its assets and then sells them and puts the capital back into its higher-returning core supermarket business rather than holding passive real estate. Read more>>
Mitsui Fudosan Names Nihonbashi Redevelopment ‘Tokyo Midtown Nihonbashi’
Mitsui Fudosan and Nomura Real Estate have named their Nihonbashi Icho-me Naka district urban redevelopment project Tokyo Midtown Nihonbashi, making it the fourth development to carry the Tokyo Midtown brand. The 284 metre (931 foot), 52-storey main tower is scheduled for completion in September 2026.
The scheme will include offices, retail, a 197-room Waldorf Astoria hotel, 71 branded residences and a MICE convention facility. A grand opening is planned for autumn 2027, the companies said. Read more>>
Chatham Financial to Acquire Hodes Weill and Associates
US capital markets advisory firm Chatham Financial has agreed to acquire Hodes Weill and Associates, a New York-based real assets placement agent and advisory firm with offices in Hong Kong, London, Amsterdam and Tokyo. The deal is expected to close in the second quarter of 2026.
Founded in 2009, Hodes Weill has placed $33 billion in capital across institutional offerings since its founding. Founders David Hodes and Doug Weill will join Chatham’s executive leadership team, the company said. Read more>>
Keppel Q1 Asset Management Fees Rise 13% as Real Estate Drag Weighs on Profit
Singapore’s Keppel posted a slight year-on-year decline in first-quarter net profit, excluding its non-core portfolio, as lower contributions from the real estate segment offset stronger results from infrastructure and connectivity. Asset management fees rose 13 percent to S$108 million ($84.4 million).
The company said it has monetised S$385 million in assets so far in 2026, working towards a full-year target of S$2 billion to S$3 billion, and flagged limited direct exposure to the Middle East conflict. Read more>>
CapitaLand India Trust Q1 NPI Climbs 8% in Rupee Terms Despite Forex Drag
CapitaLand India Trust reported net property income of INR 3.8 billion ($40.3 million) for the first quarter, up eight percent year-on-year in rupee terms, supported by contributions from MTB 6 at International Tech Park Bangalore and its Navi Mumbai data centre.
In Singapore dollar terms, NPI fell three percent due to currency movements. The trust posted 91 percent occupancy, a 17 percent rental reversion and a gearing ratio of 35.7 percent, down from 39.6 percent at the end of 2025, the manager said. Read more>>
Frasers Centrepoint Trust H1 DPU Rises 1.4% on Suburban Retail Strength
Frasers Centrepoint Trust posted a distribution per unit of S$0.06136 for the six months to the end of March, a 1.4 percent increase, as revenue rose 20.3 percent to S$221.9 million, driven by the acquisition of Northpoint City South Wing.
Net property income climbed 20.2 percent to S$160.8 million ($126 million). Committed occupancy stood at 99.8 percent, with average rental reversion of positive 6.5 percent. The manager said the suburban retail portfolio remains resilient despite macroeconomic uncertainties. 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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