Centuria Capital Group co-founder and joint CEO Jason Huljich (Image: Centuria)
An agricultural harvest leads today’s review of real estate news from around Asia Pacific, with Australia’s Centuria boosting its holdings in the sector through the acquisition of Arrow Funds Management. Also making the list is Japan’s Nomura completing its $1.8 billion buyout of Macquarie’s retail funds business in Europe and the US, plus China’s CIC is said to be nearing a deal for a secondary sale of US private equity holdings.
Australia’s Centuria Takes Over Agricultural Funds With $291M Arrow Buyout
Centuria Capital Group has taken over a portfolio of 22 agriculture and horticulture investments in Australia valued at A$444 million ($291 million) by acquiring Arrow Funds Management, according to a statement by Arrow.
With Centuria having recently acquired an Adelaide greenhouse, which ranks as the largest in the southern hemisphere, the Arrow deal brings the fund manager’s agricultural holdings to A$1.3 billion — an 86 percent increase within this financial year. Read more>>
Nomura Completes $1.8B Buy of Macquarie US, European Asset Mgmt Business
Nomura on Monday announced that it has completed its acquisition of Macquarie’s US and European public asset management business at a price of $1.8 billion, following up on an April agreement.
Completion of the transaction gives the Japanese firm rights to $166 billion in retail and institutional client assets across equity, fixed-income and multi-asset strategies as of 31 October, with those strategies now to be operated under the Nomura Asset Management brand. Read more>>
China’s CIC Closing In on Sale of $1B in US Private Equity Fund Stakes
China Investment Corp, the nation’s $1.3 trillion sovereign wealth fund, is close to finalising the sale of about $1 billion in US private equity stakes after a temporary pause in the deal, according to people familiar with the matter.
Paris-based Ardian SAS is among the final bidders for the portfolio, the people said, requesting not to be named discussing private information. Fund stakes being sold include those managed by Carlyle Group, Hellman & Friedman and Welsh Carson Anderson & Stowe, according to the people. Read more>>
Mitsui Fudosan Expected to Invest $190M in India Projects
Japanese developers are wading further into Indian real estate, and more of their peers are expected to get their feet wet, drawn by rising rents and low construction costs.
Mitsui Fudosan is expected to embark on fresh investment of JPY 30 billion to 35 billion ($190 million to $225 million) or more in India projects with existing local partner RMZ Real Estate or other developers, said two sources with knowledge of the plans. Japan’s biggest developer first forayed into India in 2020, partnering with RMZ to build an office complex in Bengaluru. Read more>>
China Unveils Plan for Commercial Real Estate REITs
China’s main securities regulator has revealed a new pilot programme for commercial real estate investment trusts to allow shopping malls, hotels and offices to be securitised and to broaden funding channels for the sector.
The China Securities Regulatory Commission recently announced a draft of the pilot, soliciting public opinions. Commercial REITs are publicly offered funds backed by income-generating properties, allowing investors to receive returns from rental cash flows. Read more>>
HSBC Said Leasing 5 Floors in Causeway Bay’s Capitol Centre
Banking giant HSBC is said to have signed a deal to lease the lower five floors in the Capitol Centre in Hong Kong’s Causeway Bay, effective from May 2026, with an option to renew for a subsequent five years.
The five-year deal for the location at 5-19 Jardine’s Bazaar will give HSBC a streetfront location in one of Hong Kong’s busiest shopping areas, with the lower two floors of the space currently home to a Chanel boutique that had taken over the location in the early stages of the city’s post-pandemic reopening. Read more>>
Singapore’s Wee Hur Issues $23M in 4.8% Notes
Singapore’s Wee Hur Holdings has issued S$30 million ($23.1 million) in 4.8 percent fixed-rate notes with an aggregate principal amount as part of its S$500 million multi-currency medium-term programme, the real estate investor and developer announced Monday.
The notes, which are due in 2030, form a single series with S$175 million in 4.8 percent notes issued by Wee Hur on 4 November, with that earlier set also due in 2030. DBS Bank and UOB acted as joint lead managers and bookrunners for the latest transaction. Read more>>
Singapore Finalises 2025 Master Plan
Singapore’s Master Plan 2025 has been officially gazetted, according to a Monday release by the Urban Redevelopment Authority. The formal adoption of the land use blueprint, which will guide the city-state’s development over the next 10 to 15 years, comes after a two-year public engagement exercise.
Following the adoption of the Master Plan, agencies will begin to translate proposals under the plan into reality, the URA said. Key development plans underway include the transformation of Bukit Timah Turf City into a new housing estate. Read more>>
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