Stephen Schwarzman, chairman and CEO of Blackstone
Blackstone closes a record $6.3 billion life sciences fund as Singapore launches its largest government land tender of the year at Bayshore, a mixed-use site that analysts say could draw bids approaching $1.5 billion. Country Garden returns to profit after completing its landmark offshore debt restructuring, while Lai Sun Development swings to a $150 million loss on Hengqin write-downs.
Blackstone Closes Record $6.3B Life Sciences Fund
Blackstone has completed the final close of Blackstone Life Sciences VI at its $6.3 billion hard cap, making it the largest private fund dedicated to life sciences and nearly 40 percent larger than its predecessor.
The oversubscribed vehicle reflects strong investor demand for late-stage pharmaceutical and medical technology development. The platform now manages $15 billion in assets, has backed 34 regulatory approvals and deployed nearly $2 billion over the past 12 months. Read more>>
Bank of Japan Signals Room for Rate Hikes as Natural Rate Rises
The Bank of Japan has published a review concluding that Japan’s natural rate of interest is gradually rising, providing a theoretical basis for further monetary policy tightening. The natural rate is defined as the real interest rate neutral to economic activity.
The central bank cautioned that estimates carry significant uncertainty and said it will weigh a broad range of indicators alongside the natural rate when assessing monetary accommodation. The BoJ held its policy rate at 0.5 percent at its March meeting. Read more>>
Star Entertainment Secures $377M Refinancing Commitment With WhiteHawk Capital
Australia’s Star Entertainment Group has entered a binding commitment with WhiteHawk Capital Partners for a three-year A$550 million ($377 million) refinancing facility to replace existing debt and provide additional liquidity.
The deal remains subject to regulatory approvals and the sale of Star’s stake in the Destination Brisbane Consortium. The company is targeting financial close by 15 May. Read more>>
Airtel Raises $1B for Nxtra Data Centre Business
Bharti Airtel has announced a $1 billion capital raise for its data centre subsidiary Nxtra Data, drawing investment from Alpha Wave at $435 million, Carlyle at $240 million and Anchorage Capital Partners at $35 million, with Airtel contributing the remainder.
The transaction values Nxtra at $3.1 billion. Proceeds will fund expansion from 300 megawatts to a target of 1 gigawatt across India’s fast-growing data centre market. Read more>>
Singapore Bayshore Site With 1,280 Homes Could Draw $1.5B Bids
Singapore’s Urban Redevelopment Authority has launched a government land sale tender for a mixed-use plot at Bayshore Drive, above the under-construction Bedok South MRT station. The site can yield up to 1,280 homes alongside 22,500 square metres (242,188 square feet) of commercial space.
Analysts estimate that top bids could reach S$2 billion ($1.5 billion), or S$1,200 to S$1,306 per square foot of potential built area. The tender closes in July. Read more>>
Country Garden Returns to Profit With $472M Attributable Earnings After Restructure
Country Garden Holdings reported a net profit attributable to shareholders of RMB 3.26 billion ($471.7 million) for the year ended 31 December 2025, reversing a loss of RMB 32.8 billion in 2024. The turnaround was driven by gains from the group’s offshore debt restructuring, effective 30 December 2025.
Revenue fell 38.7 percent to RMB 154.9 billion. The group delivered 170,000 units across 204 cities, and a Hong Kong court dismissed a wind-up petition in February 2026. Read more>>
The Assembly Place Pushes Into Foreign Worker Housing as Revenue Rises 42%
Singapore co-living operator The Assembly Place reported full-year 2025 revenue of S$27 million ($20.9 million), a 42 percent increase on the prior year, driven by its core community stays business. The group is expanding into migrant worker accommodation under a new brand called Habitat.
The company manages 3,422 keys across 100 properties and targets 10,000 keys by 2030. It plans to open a 66-key hotel in Bangsar, Kuala Lumpur, in the second quarter of 2026. Read more>>
Lai Sun Development Swings to $149M Loss as Hengqin Property Write-Downs Bite
Hong Kong conglomerate Lai Sun Development posted a net loss attributable to shareholders of HK$1.17 billion ($149 million) for the six months ended 31 January 2026, against a loss of HK$117.8 million a year earlier, reflecting write-downs on Hengqin Novotown Phase II and fair-value losses on investment properties.
Turnover edged up 1.4 percent to HK$2.58 billion. The group refinanced its HK$3.5 billion Cheung Sha Wan Plaza loan and regained a net current assets position. Read more>>
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