Brookfield Plans to Nearly Double Korea Investments and More APAC Real Estate Headlines

Canada’s Brookfield is set to nearly double its South Korea portfolio from $11 billion to $19 billion by 2030, betting on AI infrastructure and semiconductor supply chains, with that story leading today’s headline roundup. Also making news, Blackstone limits redemptions from its $79 billion private credit fund and Australia’s Scentre Group explores a $606 million Brisbane mall stake sale. 

Brookfield Plans to Nearly Double Korea Investments to $19B by 2030

Canada’s Brookfield plans to nearly double its Korean investments from KRW 17 trillion to KRW 30 trillion ($19 billion) by 2030, the company said. Jun Park, head of Brookfield Korea, cited data centres, power infrastructure and the semiconductor supply chain as core opportunities.

Brookfield entered South Korea in 2014 and manages about $13 billion in assets across real estate, infrastructure and renewable energy, including the Seoul International Finance Centre in Yeouido. Read more>>

Blackstone Caps BCRED Redemptions at 5% as Withdrawal Requests Hit 10%

Investors in Blackstone’s flagship private credit fund BCRED requested to redeem 10 percent of shares in the second quarter, up from about 8 percent in the first, totalling $4.4 billion. Blackstone will limit redemptions to its standard 5 percent cap, reversing a first-quarter decision to honour the full amount.

The $79 billion fund received about $1 billion in inflows during the quarter. Blackstone shares rose 7 percent on Thursday, though they remain down 20 percent for the year. Read more>>

Australian Retirement Trust Said Bidding for $606M Westfield Mt Gravatt Stake

Australia’s Scentre Group is exploring the sale of a roughly 50 percent stake in Brisbane’s Westfield Mt Gravatt Shopping Centre for A$850 million ($605.7 million), according to The Australian newspaper. Australian Retirement Trust is believed to be the leading bidder, with QIC advising.

The 141,699 square metre (1.5 million square foot) complex is Brisbane’s second-largest mall. Scentre sold 25 percent stakes in Westfield Chermside to two Dexus funds last year at A$683 million each. Read more>>

United Urban REIT Picks Up Four Japanese Assets for $47M

Japan’s United Urban Investment Corporation has agreed to acquire four assets for JPY 7.5 billion ($46.7 million), including two hotels in Fukuoka and Tokyo and two elderly housing facilities in the Tokyo area. Deals close between 16 and 18 June, according to an exchange filing.

The hotels are the Grand Stay Hakata Station North and Grids Tokyo Ueno Hotel and Hostel in Taito ward. JA Mitsui Leasing Tatemono sold the two Eclasia-branded nursing homes in Tachikawa and Musashimurayama. Read more>>

AMTD Idea Snaps Up London Hotel and Town Hall for $63M, Adds Office

AMTD Idea, the investment division of Calvin Choi’s AMTD Group, completed the $30 million purchase of the Dao by Dorsett Hornsey Hotel in North London and agreed to acquire the adjacent Hornsey Town Hall for $33 million, along with a Midtown office tower at 40 Furnival Street for $17 million.

The hotel, renamed AMTD Dao by Dorsett Hornsey, becomes AMTD’s fifth branded property. The 9,646 square foot (896 square metre) Furnival Street office will serve as UK headquarters for The Art Newspaper and L’Officiel. Read more>>

The Assembly Place Forms JV to Build Singapore’s Largest Co-Living Site

Singapore’s The Assembly Place has formed a joint venture with TS Home to redevelop Phoenix Park, a 5.7 hectare (14 acre) colonial campus at 300 to 320 Tanglin Road, into the city-state’s largest co-living site with over 700 keys. TAP holds a 39 percent stake.

TS Home holds the master tenancy from the Singapore Land Authority. The 33 conserved colonial buildings will also feature wellness facilities, sports amenities and F&B outlets open to the public. Read more>>

New World Development Says K11 Elysea Shanghai 70% Pre-Leased

Hong Kong’s New World Development said its K11 Elysea office tower in Shanghai is nearly 70 percent pre-leased, with tenants moving in from October. K11 projects across mainland China recorded growth in footfall and sales over the Labour Day holiday.

Spending at Hong Kong’s K11 Musea rose 125 percent year-on-year during the holiday, with luxury brand sales up nearly 200 percent. K11 Musea neared 98 percent occupancy while K11 Art Mall was fully let. Read more>>

Australian Home Prices on Track for Weakest Growth Since 2022

Australian home prices are forecast to grow just 1 percent this year, the weakest showing since 2022, per a Reuters analyst poll. The Reserve Bank of Australia raised rates three times in 2026, adding to household cost pressures.

Sydney and Melbourne are expected to each fall 2 to 3 percent while Adelaide, Brisbane and Perth may gain 6 to 11 percent. Urban rents are forecast to rise 4 to 6 percent, outpacing April’s 4.2 percent headline inflation. Read more>>

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