AustralianSuper, Oxford Back $210M Spanish Shed Buy and More APAC Real Estate Headlines

AustralianSuper and Canada’s Oxford Properties have teamed up to acquire a Spanish logistics portfolio through their M7-managed European joint venture, with that story leading today’s real estate headlines from across Asia Pacific. Also in the news is some Hong Kong housing enthusiasm, with residential sales value climbing 71.5 percent year-on-year to HK$65.6 billion in May and GIC-backed Asia Healthcare Holdings targeting an Indian stock market listing within 18 months.

AustralianSuper, Oxford Properties Buy $210M Spanish Logistics Portfolio

Australia’s AustralianSuper and Canada’s Oxford Properties Group have acquired 13 logistics assets near the Spanish cities of Madrid and Barcelona for €181 million ($210 million) through their European Supply Chain Investment Partnership joint venture led by M7 Real Estate. The portfolio was acquired in two separate deals, the larger of which comprised 12 assets totalling 108,115 square metres (1.16 million square feet) purchased from a joint venture between Partners Group and Aristeas Group.

The second acquisition, a fully occupied multi-tenant urban logistics park of 30,296 square metres in southern Madrid, was purchased from an undisclosed institutional seller. ESCIP now holds 132 European logistics assets with a gross asset value exceeding €1.7 billion, the partnership said, extending a buying spree that included the acquisition of 31 UK and French logistics assets in December 2025. Read more>>

Hong Kong Residential Sales Value Jumps 71.5% to HK$65.6B in May

Hong Kong’s residential property market posted a sharp recovery in May, with the value of home sale and purchase agreements surging 71.5 percent year-on-year to HK$65.6 billion ($8.4 billion), a three percent rise from April, according to Land Registry data released on Tuesday. The number of residential agreements registered reached 7,138, up 39.8 percent from a year earlier.

Across all building types, including commercial and industrial units, total agreements received for registration in May climbed 32.5 percent year-on-year to 8,537, with total consideration reaching HK$72.8 billion, a 46.1 percent increase from the same month last year, the registry said. Read more>>

GIC-Backed Asia Healthcare Holdings Eyes India IPO Within 18 Months

Asia Healthcare Holdings, an India hospital platform backed by Singapore’s GIC and US private equity firm TPG, is targeting a stock market listing within 12 to 18 months, although executive chairman Vishal Bali said the timing depends on market conditions. The Bengaluru-based company has deployed more than $300 million across hospital chains in oncology, fertility, women’s health, and urology over the past decade, Bali told Reuters.

AHH does not need to raise additional capital and could deploy up to $150 million over the next two years to enter new specialties, including gastroenterology and pathology diagnostics, Bali said. GIC, which committed a further $150 million to the platform in December 2024 following an initial $170 million investment in 2022, holds a stake alongside TPG in the company’s portfolio of hospital brands including Motherhood Hospitals and Nova IVF. Read more>>

Singapore Releases H2 GLS Land Supply for 4,745 Homes, Advances Jurong Lake District

Singapore’s Ministry of National Development will release land on the confirmed list for 4,745 private homes in the second half of 2026, 3.7 percent above the 4,575 units offered in the first half, as part of the government’s annual land sales programme. The H2 slate also advances the Jurong Lake District mixed-use precinct, with a Town Hall Link white site moved from the reserve list to the confirmed list for tender launch in July.

The Town Hall Link site can yield about 186,000 square metres of gross floor area, including a minimum of 40,000 square metres of office space and up to 1,200 residential units, the ministry said. Full-year confirmed list supply for 2026 will reach 9,320 units, more than 50 percent above the 10-year annual average, according to the ministry. Read more>>

ESR-REIT to Sell $1.5B in Debt for Refinancing and Acquisitions

Singapore-listed ESR-REIT has established a S$2 billion ($1.5 billion) Euro Medium Term Securities Programme, arranging the facility through Oversea-Chinese Banking Corporation, according to a filing with the Singapore Exchange on 2 June. The programme allows the industrial and logistics REIT to issue notes or perpetual securities in any currency across various tenors and interest structures.

Proceeds from securities issued under the programme may be used to refinance existing borrowings, fund acquisitions and asset enhancement works, or meet general working capital requirements, the REIT said. ESR-REIT has obtained in-principle approval from SGX for the listing of securities issued under the programme. Read more>>

CK Asset Relaunches 21 Borrett Road Ultra-Luxury Sales After Market Revival

Hong Kong’s CK Asset Holdings has released 16 flats for tender at its 21 Borrett Road project in Mid-Levels Central, with bidding opening June 10, as the developer bets on a sustained recovery in the city’s ultra-luxury residential market. The second phase comprises 66 units ranging from 1,875 square feet to 2,193 square feet, plus two penthouses exceeding 2,900 square feet.

The relaunch follows a dramatic episode in which a HK$20.8 billion ($2.7 billion) bulk sale of 152 remaining units to Singapore-based Sino Suisse Capital collapsed in 2022, leaving CK Asset with a HK$2.08 billion forfeited deposit — the largest in Hong Kong residential property history — and control of the homes. The developer has since sold the first phase individually, generating more than HK$10 billion in revenue, the company said. Read more>>

Elanor Investors Names New CEO as Firmus Capital Acquisition Collapses

Australia’s Elanor Investors Group has appointed David McNamara as chief executive officer, effective 22 June, as the ASX-listed funds manager completes a leadership reset following the collapse of its planned acquisition of Singapore-based Firmus Capital. The deal, which would have added approximately S$658 million ($490 million) in assets under management, was abandoned on 29 May after regulatory approvals could not be obtained within the extended deadline, Elanor said.

Su Kiat Lim, the vendor of Firmus Capital and an Elanor board member for five years, stepped down effective 2 June, the company said. Elanor completed a A$125 million ($90 million) balance sheet recapitalisation with Singapore’s Rockworth Capital Partners in April and said it will continue to pursue real estate initiatives alongside Rockworth as part of its next growth phase. Read more>>

Student Housing Operator Seen Taking Over Hotel in Hong Kong’s Yau Ma Tei

Casa Hotel, a boutique hotel in Hong Kong’s Yau Ma Tei district, has ceased operations after nearly two decades, with market speculation suggesting the building has been leased to a student-housing operator after repeated attempts to sell it failed.

The 162-room hotel occupies a 14-storey commercial-residential building at 487-489 Nathan Road. Veteran local investor Yiu Lai-kuen acquired the property for HK$159 million (US$20.3 million) in 2007 and subsequently converted it into Casa Hotel. Read more>>

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