Asia Pacific real estate investment news and information
Singapore-listed Centurion Accommodation REIT posted net property income of S$36.1 million ($28.5 million) for its inaugural financial period, beating its IPO forecast by 4.1 percent on higher rents and strong occupancy across its worker and student housing properties.
CAREIT’s gross… Read More>>
Lendlease reported a loss of A$318 million ($225 million) for the six months to the end of December, as the Australian builder continues to execute on a multi-year overhaul aimed at scaling back overseas development and focusing on domestic operations.
Melbourne’s beleaguered commercial property market is showing signs of recovery, with the Victoria capital recording what is said to be its biggest office deal so far this year with a reported A$185 million ($131 million) sale of a property in… Read More>>
Another downtown landmark is set to test Singapore’s rebounding commercial property market, as UOB Group and OUE REIT quietly prepare to put One Raffles Place up for sale for as much as S$2.4 billion ($1.9 billion), market sources confirmed to… Read More>>
Australia’s Vicinity Centres will pay A$212 million ($149.5 million) to acquire the remaining 75 percent stake in a Brisbane retail block from co-owner IFM Investors.
Vicinity has owned 25 percent of Uptown since 1998 and manages the property, formerly known… Read More>>
Fund manager BGO has agreed to acquire an office tower in North Sydney from Australian property giant Dexus and a Dexus-managed vehicle in a deal valuing the property at A$558 million ($394.7 million).
The transaction of 100 Mount Street was… Read More>>
A Charter Hall fund has acquired three sub-regional shopping centres in Australia from LaSalle Investment Management for a total of A$360 million ($254.3 million).
The portfolio of so-called convenience-based assets, anchored by non-discretionary retailers, comprises Bonnyrigg Plaza in Sydney, Morayfield… Read More>>
The Living Company has received development consent from the state of New South Wales for a Sydney residential precinct with an investment value of A$1.5 billion ($1 billion).
The approval clears the path for the company formerly known as Scape… Read More>>
Australia’s Dexus Group posted a net profit of A$348.5 million ($246.5 million) for the six months to the end of December, up strongly from A$10.3 million in the year-earlier period, as asset valuations in the commercial property giant’s portfolio turned… Read More>>
Blackstone is expanding its bets on digital infrastructure in India, with the private equity titan on Monday announcing its lead role in a $1.2 billion capital raise for Mumbai-based AI data centre startup Neysa.
Blackstone-managed funds and co-investors will provide… Read More>>
