Link in Talks to Buy Dexus Warehouse for $100M and More Asia Real Estate Headlines

Hong Kong’s Link Real Estate Partners is negotiating the purchase of a Sydney shed, with that report leading today’s headline roundup. Also in the news, Singapore’s Keppel eyes a Sydney university campus buy and Dubai-based Damac plans to invest $2.3 billion in a Jakarta data centre.

Link Real Estate Partners in Talks to Buy Dexus Sydney Shed for $100M

Link Real Estate Partners, an investment platform run by former BlackRock head of APAC real estate John Saunders, is in talks to buy a warehouse in Sydney owned by Dexus, according to people familiar with the matter.

A transaction could value the property at about $100 million, the people said, asking not to be identified discussing a private matter. Link, based in Hong Kong, and Sydney-based Dexus are finalising details of an agreement that could be reached as soon as this month, the people said. Read more>>

Singapore’s Keppel Said Exploring Buy of North Sydney University Campus

Singapore fund manager Keppel is looking to expand its reach in Australia’s education sector with the group circling the Charles Sturt University campus in North Sydney in a deal worth close to A$70 million ($45.3 million).

Winten Property Group put the campus building up for sale in April. Known as 77 Berry, the seven-storey commercial office building is positioned just 50 metres (55 yards) from the upcoming Victoria Cross Metro Station and is fully leased to Charles Sturt University for more than eight years. Read more>>

Emirati Developer Damac Plans $2.3B Investment in Jakarta Data Centre

Damac-backed data centre operator Edgnex will invest $2.3 billion in a Jakarta data centre with 144 megawatts of capacity at completion. The land for the facility was acquired in March, and the company estimates that the first phase will be operational by December 2026.

This will be Edgnex’s second data centre in Indonesia. Its first facility, which will offer 19.2MW of capacity at full buildout, is located in Jakarta along MT Haryono. Originally announced in May 2024, the first phase is estimated to be complete by the third quarter of 2026. Read more>>

DLF Sells Out $1.3B Gurugram Luxury Project in One Week

India’s biggest developer sold luxury residences worth INR 110 billion ($1.3 billion) at a high-rise project near New Delhi, as demand for lavish homes shows no sign of abating.

DLF garnered the highest-ever revenue from a single project, selling apartments worth more than $1 million each within a week of starting to take bookings, according to a statement. The houses will be delivered to buyers in about five years. The apartment complex is spread over 17.7 acres (7.2 hectares) in the satellite city of Gurugram, home to multinationals including Google and American Express. Read more>>

Thailand’s Minor Hotels Buys Aussie Mountain Resort

Bangkok-based Minor Hotels has scooped up the famous Lake Crackenback Resort & Spa in a deal due to settle later this month. The resort has sold just as the first snows of the ski season have dumped on the nearby Thredbo and Perisher ski fields — a 15-minute drive away.

Minor Hotels, which bills itself as one of the world’s fastest-growing hotel groups, will rename the 110-room resort to Oaks Lake Crackenback. The vendor also has development approval for another 16 rooms. The marketing agents noted that 110 of the resort’s 165 rooms are under resort management. Read more>>

Australia’s Gateway Bets on Management Expertise as Industrial Heats Up

Fund manager Gateway Capital, led by property veterans Stuart Dawes and Peter McDonald, is bullish on prospects for the industrial sector but says winning in this cycle will depend on being best at managing assets rather than relying on falling rates to lift values.

The company, which launched four years ago with the backing of British heavyweight Grosvenor, is successfully winding up its first partnership — realising above-forecast returns for investors — and a new vehicle is getting underway. Read more>>

Hong Kong Monetary Authority Holds Rates Steady on Pace With US Fed

The Hong Kong Monetary Authority kept its base rate unchanged, following the lead of the US Federal Reserve, as the American central bank awaits data to assess the inflationary impact of Washington’s tariffs with the 9 July expiry of a truce.

On Thursday, the HKMA kept its base rate at 4.75 percent, after the Fed left its target range at 4.25 to 4.5 percent, following the fourth Federal Open Market Committee meeting of the year. The Fed has kept rates unchanged for four meetings in a row, despite pressure from US President Donald Trump to make cuts. Read more>>

Guangzhou R&F-Linked Developer Could Lose San Jose Site to Foreclosure

A San Jose site that has suffered from blight and was never developed despite having a prime location where hundreds of housing units were proposed now faces foreclosure and an auction.

A legal filing in the Silicon Valley city states that a lender intends to auction off the site on South Almaden Boulevard. An affiliate of Z&L Properties, which is controlled by the founders of Hong Kong-listed Guangzhou R&F Properties, is in default on a $19.5 million loan that Shanghai Commercial Bank provided in 2019. Read more>>

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