Goodman Group CEO Greg Goodman
In today’s review of Asia Pacific real estate news, Goodman Group advances plans for a data centre campus near Tokyo, Mitsui & Co’s Japan Logistics Fund sells two warehouses for $93 million, and Mitsui Fudosan Accommodation Fund refinances $35 million in loans.
Goodman Announces New Data Centre Project for Greater Tokyo
Australia’s Goodman Group has been selected as lead development partner for an association of local landowners advancing plans for a data centre campus in Sagamihara City, Kanagawa prefecture, near Tokyo. The Asamizodai-Araisono North Association will develop a masterplan alongside Goodman, Nakajima Construction and Sagamihara City.
The masterplan will address land use, infrastructure, environmental sustainability and urban planning. Paul McGarry, head of Asia at Goodman, cited the site’s access to TEPCO Power Grid’s high-voltage network and proximity to Tokyo. Read more>>
Mitsui’s Japan Logistics Fund Selling Two Warehouses for $93M
Japan Logistics Fund has agreed to sell two logistics properties for a combined JPY 14.8 billion ($92.8 million). The Urayasu Chidori Logistics Centre III will go to Keihanshin Building for JPY 2,400 million, while the Kawasaki Logistics Centre will transfer to an undisclosed buyer in four instalments for JPY 12.4 billion.
The Mitsui & Co-sponsored REIT said both assets had reached maximum value. JLF will use proceeds for cash distributions to unitholders and to enhance portfolio profitability through capital recycling. Read more>>
Mitsui Fudosan Accommodations Fund Refinances $35M in Loans
Mitsui Fudosan Accommodations Fund has arranged JPY 5.5 billion ($34.5 million) in new borrowings from three lenders, the J-REIT said. The fund will borrow JPY 2 billion each from Sumitomo Mitsui Trust Bank and Kiraboshi Bank, and JPY 1.5 billion from Hachijuni Nagano Bank.
The fund will use the proceeds to refinance existing loans, with the total interest-bearing debt remaining unchanged at JPY 173.7 billion. The new loans carry maturities ranging from August 2026 to May 2033. Read more>>
DigitalBridge to Acquire Energy Investor ArcLight for Up to $1.1B
DigitalBridge, backed by SoftBank, has agreed to acquire energy-focused private equity firm ArcLight Capital Partners for up to $1.1 billion. The deal pairs the data centre giant with a US private power operator known for coal and natural gas assets.
DigitalBridge aims to use ArcLight’s expertise to power data centres amid surging energy demand. The deal comes as SoftBank moves to close its $4 billion-plus takeover of DigitalBridge to anchor its AI infrastructure push. Read more>>
URA Draws 27 Bids for Kowloon Site Valued at Up to $706M
Hong Kong’s Urban Renewal Authority received 27 expressions of interest for its Bailey Street/Chi Kiang Street site in Kowloon, with bidders including Chinachem, Great Eagle, China Overseas Land and Investment and Citic Pacific. The 7,600 square metre (81,806 square feet) site is expected to yield at least 1,200 homes.
Market valuations place the site at up to HK$5.53 billion ($706.1 million). The project is one of two sites granted to the URA by the government. Read more>>
GreenPoint Launches One Living Australian Apartment Platform
New York-based GreenPoint Partners has launched One Living, a developer targeting more than 1,000 apartments along Australia’s eastern seaboard, with a first project on Sydney’s Northern Beaches. The company, backed by former Macquarie banker Chris Green, will operate as a vertically integrated developer-builder to address the country’s housing shortage.
Its first site at Mona Vale Road in Sydney, acquired via JLL, targets more than 140 apartments in a supply-constrained market. One Living said the platform focuses on attainable housing where institutional capital is absent. Read more>>
GLP J-REIT Refinances $14M in Loans With Two Regional Lenders
GLP J-REIT has agreed to refinance JPY 2.2 billion ($13.8 million) in maturing debt with Daishi Hokuetsu Bank and the Bank of Iwate, the trust announced. The new loans will be drawn on 30 June 2026, with maturities to June 2031 and June 2032.
The REIT said the move advances its strategy of diversifying funding sources and expanding its lender base. The refinancing has already been reflected in earnings forecasts for the fiscal period ending August 2026. Read more>>
Galeries Lafayette Closes Beijing Shop After 13 Years as China Luxury Spending Slows
French luxury department store Galeries Lafayette has closed its Beijing flagship, ending 13 years of operations in the Chinese capital amid weakening domestic consumption and shifting spending habits. Shoppers browsed for last-minute deals as staff packed away merchandise on the store’s penultimate day.
The closure reflects broader pressures on luxury retail in China, where sluggish consumer confidence has weighed on discretionary spending. The Beijing branch was Galeries Lafayette’s first flagship in the country. Read more>>
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