Alek Misev, head of property at Aware Super
Retail continues to come back in style with a European mall investment by one of Australia’s largest pension funds leading today’s look at real estate headlines. Also in the news are a Singapore REIT closing on a Sydney student housing buy and some tweaks to an industrial joint venture of Singapore’s Boustead and Macquarie-backed UI.
Aware Super Buys Stake in $3B European Outlet Mall Platform From PIMCO
Australian pension fund Aware Super said Tuesday that it has bought a 31.3 percent stake in the European Outlet Mall Venture platform, which owns and runs four outlet centres valued at €2.6 billion ($3.03 billion).
The A$210 billion ($140.8 billion) fund will buy the stake in EOMV from Allianz accounts managed by Pacific Investment Management Co, Aware Super said without disclosing financial details of the deal. Aware Super will be partnering with Dutch pension giant APG and an unnamed French institutional investor for the platform. Read more>>
Centurion Accommodation REIT Completes $280M Aussie Student Housing Buy
Centurion Accommodation REIT has completed the acquisition of Epiisod Macquarie Park in Sydney for A$345 million ($280.1 million).
The acquisition was fully financed through committed debt facilities and represents CAREIT’s first investment in a purpose-built student accommodation asset in Sydney and the trust’s entry into a second Australian city. Read more>>
Boustead to Keep Vietnam Business as JV With Unified Reworked
Boustead Singapore on Monday announced amendments to a master share subscription agreement between its subsidiaries and Hong Kong-based real estate company Unified Industrial.
The amendments will allow it to retain control of its real estate and fund management segment in Vietnam. In March 2025, the group announced an agreement to transfer its real estate asset management and fund management business to Unified Industrial. Read more>>
Nippon REIT Completes Purchase of $22M Japanese Office Block
The manager of Tokyo-listed Nippon REIT said Tuesday that it has completed its purchase of Forecast Yokkaichi, following through on an earlier announcement that it had agreed to pay JPY 3.5 billion ($22 million) for the office block in Mie prefecture.
The REIT purchased the office block on the western coast of Honshu island as part of a set of deals announced in August, which also included hotels in Tokyo and Hokkaido. Read more>>
Low Keng Huat Buyout Offer Sweetened in Singapore
The offerors for Low Keng Huat have raised the offer price for the Singapore developer to S$0.78 ($0.61) a share from S$0.72 a share.
The offeror Consistent Record — a special purpose vehicle effectively controlled by managing director Marco Low and his family — said the price is final. The closing date for the offer has been extended to 5.30pm on 13 February. Read more>>
Australia’s GreenSquareDC Starts Construction on 100MW Sydney Project
Construction is underway at GreenSquareDC’s 100-megawatt-plus data centre campus in western Sydney. Facility operations are on track to start in the third quarter of 2026.
“Our SYD1 project reflects the evolving role of digital infrastructure as an enabler of innovation and productivity,” said GreenSquareDC CEO Charles Penny. “The ability to house high-performance computing onshore within well-connected digital ecosystems is fundamental to Australia’s competitiveness in cloud and AI.” Read more>>
Japan’s NTT GDC Buys Suburban Mumbai Site for $67.5M
NTT Global Data Centres has acquired a commercial property outside Mumbai for INR 5.59 billion ($67.5 million) from veteran Indian actor Jeetendra and his son Tusshar Kapoor, according to a local news report.
The Japanese data centre operator picked up 30,195 square metres (325,016 square feet) of space, including an eleven-storey data centre building, at Balaji IT Park in the Mumbai suburb of Chandivali. Read more>>
China Vanke Offers Fresh Collateral in Race to Extend Domestic Bonds
China Vanke presented revised proposals to extend two local bonds that included collateral pledges as well as longer grace periods, according to people familiar with the matter, as the distressed developer struggles to stave off default.
Under the proposed terms, Vanke offered to use receivables from several property firms as collateral for the notes, according to drafts of the proposals sent to holders. Read more>>
Tune in again soon for more real estate news and be sure to follow @Mingtiandi on X, or bookmark Mingtiandi’s LinkedIn page for headlines as they happen.
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