Anthea Lee, chief executive of FLCT’s manager (Image: Frasers)
In today’s real estate news from around the region, Frasers Logistics & Commercial Trust expands its European footprint with four property acquisitions in Germany and the Netherlands, Indonesia’s sovereign wealth fund bets big on digital infrastructure, and Charter Hall predicts a rotation of investor capital into commercial assets following Australia’s federal budget changes.
Frasers Logistics REIT Acquires Four European Properties for $343M
Frasers Logistics & Commercial Trust has acquired equity interests in four property-holding companies, the REIT’s manager said Monday. The four companies collectively own two freehold logistics properties in Germany and another two in the Netherlands, purchased for €294.9 million ($343.1 million).
The agreed price represents a 1.5 percent discount to appraised value and a 0.9 percent discount to the average of two independent valuations for each property, the manager said. Read more>>
Indonesia Sovereign Wealth Fund Puts 30% of $4.2B Portfolio into Digital Infrastructure
Indonesia’s sovereign wealth fund, the Indonesia Investment Authority, and its co-investors have deployed $4.2 billion across a portfolio that is roughly 30 percent allocated to digital infrastructure, according to chief investment officer Christopher Ganis.
The fund is investing in a mix of funds and private companies as it positions itself to benefit from global demand for artificial intelligence infrastructure, Ganis told Bloomberg. Read more>>
Infratil Posts 11% Earnings Lift to $579M on Data Centre and Renewables Demand
New Zealand-listed infrastructure investor Infratil reported an 11 percent uplift in proportionate operational earnings to NZ$989 million ($579.1 million) for fiscal 2026, driven primarily by its Australasian data centre business CDC and US renewable energy business Longroad Energy, the company said.
Total asset value rose 13 percent to NZ$20.6 billion, while the company provided guidance for fiscal 2027 earnings growth of 21 percent at the mid-point. CEO Jason Boyes said demand for efficient AI infrastructure “may be the investment opportunity of a lifetime.” Read more>>
Valiram Completes $277M Acquisition of Lendlease Stake in Kuala Lumpur Complex
Malaysian luxury retailer Valiram Group has completed its acquisition of a 40 percent stake in The Exchange TRX retail mall and a 60 percent stake in the TRX Campus office from Australian developer Lendlease for MYR 1.1 billion ($277.4 million).
This follows Lendlease’s announcement in December. Lendlease said the transaction reflects strong performance and appeal of the precinct as a major draw for visitors, retailers and businesses, and marks further progress in the company’s capital recycling programme. Read more>>
JustCo Holdings Stabilising Manager Buys More Shares
DBS Bank, acting as stabilising manager for JustCo Holdings’ initial public offering on the Singapore Exchange main board, purchased 689,300 shares on Monday at prices ranging from S$0.79 ($0.62) to S$0.81 per share, according to a filing.
The purchases were made either as principal or through dealers acting on DBS’s behalf, pursuant to stabilising regulations under Singapore’s Securities and Futures Act, and followed DBS’s stabilising action last Friday during JustCo’s trading debut. Read more>>
Boustead Singapore Full-Year Profit Surges 145% to $182M on Property Sales
Engineering and technology group Boustead Singapore reported a 145 percent rise in full-year net profit to S$232.6 million ($182.1 million), driven by the sale of 21 Singapore properties into UI Boustead REIT, which listed in March, the company said.
Second-half net profit more than tripled to S$197.7 million on revenue of S$330.4 million, while full-year revenue rose 18 percent to S$624.4 million. Chairman Wong Fong Fui said the group realised the full market value of its portfolio through the REIT listing. Read more>>
Blackstone-Backed Knowledge Realty Trust to Invest $73M in Bengaluru Expansion
Knowledge Realty Trust, a REIT sponsored by Sattva Group and Blackstone, plans to invest INR 7 billion ($73.4 million) over the next three years to develop 1.4 million square feet (130,064 square metres) of office space in Bengaluru, CEO Shirish Godbole said.
Godbole said that the trust is also seeking acquisitions of prime office assets and that demand remains strong, driven largely by foreign companies establishing global capability centres in India. Read more>>
Charter Hall Eyes Investor Rotation Into Commercial Property After Australia Budget
Australia’s largest commercial real estate fund manager, Charter Hall, expects investors to shift away from residential housing and into commercial assets after the federal budget scrapped negative gearing on existing properties and wound back the capital gains tax discount, CEO David Harrison said.
Harrison said inflows hit A$6.5 billion ($4.7 billion) this financial year, the strongest capital-raising year in the company’s 35-year history, and upgraded fiscal 2026 earnings guidance by three percent to 103 cents per security. The company’s funds management platform reached A$74.7 billion. Read more>>
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