Blackstone Marketing $279M Melbourne Mall and More APAC Real Estate Headlines

The ongoing recovery in Australia’s retail market leads real estate news from around the region today as Blackstone makes a fresh attempt to sell a Melbourne shopping centre and MA Financial finds a buyer for a Wollongong mall. Malaysia also makes our list with a unit of DigitalBridge picking up a data centre outside of Kuala Lumpur. 

Blackstone Marketing Greensborough Plaza in Melbourne

Blackstone has engaged CBRE and JLL to market a Melbourne shopping centre it has held for more than a decade as Australian retail assets continue to regain favour with institutional investors. 

Local news reports price the 59,117 square metre (636,330 square foot) property at A$400 million ($278.7 million) after Blackstone had tried to market the asset at A$420 million in 2022. The suburban mall is home to retailers including Coles, Aldi, Kmart, Target and Hoyts Cinema, with Blackstone having acquired the property in 2013. Read more>>

Warburg-Backed MA Financial Selling NSW Mall for $72M

MA Financial has agreed to sell Corrimal Village, a shopping mall located 6 kilometres (3.7 miles) from Wollongong’s city centre, for A$103 million ($71.8 million) to an undisclosed private buyer.

Colliers, which advised on the off-market sale, pitched it as the largest neighbourhood centre transaction, outside a metro, since 2021. Corrimal Village, spanning 30,640 square metres (329,806 square feet), houses 33 specialty retailers and is anchored by Woolworths and Dan Murphy’s. The sale price represented a 5.13 percent passing yield. Read more>>

DigitalBridge’s AIMS Data Centre Buys Cyberjaya Site for $1B Project

AIMS Data Centre, a unit of US investment firm DigitalBridge, said this week that it has finalised the acquisition of a site in Cyberjaya, outside Kuala Lumpur, for a 200-megawatt project. 

AIMS, which tied up with DigitalBridge in 2023, said in a statement that it plans to invest MYR 4 billion ($1 billion) in building a data centre on the 10 acre (4 hectare) site, which it acquired from Cyberview. Read more>>

Keppel Reports 16% Drop in Earnings on Telco Sale

Singapore conglomerate-turned-asset manager Keppel Ltd reported a drop in annual earnings after losses sustained in an aggressive push to divest assets overshadowed an improvement in its business performance.

The firm, which is backed by state investor Temasek, posted net income attributable to shareholders of S$789 million ($620 million) in 2025 — marking a 16 percent decrease from a year earlier and missing the S$857 million average of 11 analyst estimates compiled by Bloomberg. Read more>>

Digital Core REIT Distributions Stay Steady Despite 62% Revenue Jump

Digital Core REIT on Wednesday declared a distribution per unit of $0.018 for the six months to the end of December, unchanged from the year-ago period. 

The flat DPU came even as second-half revenue rose 61.6 percent to $87.3 million. The increase followed the Singapore-listed trust’s acquisition of an additional 15.1 percent stake in a data centre in Frankfurt in December 2024. Read more>>

EC World REIT Investors Lose Out as Hangzhou Court Favours Hometown SOE

The manager of EC World REIT said Wednesday that the group’s appeal to invalidate an unauthorised mortgage was dismissed by the Hangzhou Intermediate People’s Court.

The legal proceedings involve an outstanding mortgage over Fuzhou E-Commerce, one of the three properties owned by EC World REIT that were mortgaged without its consent or knowledge between 20 and 24 November 2023. Read more>>

AIMS APAC REIT Distributions Rise 2.5%

The manager of AIMS APAC REIT on Thursday posted a 2.5 percent increase in distribution per unit to S$0.0725 for the nine months to the end of December, up from S$0.0707 in the year-ago period. 

Revenue climbed 1.4 percent year-on-year to S$141.1 million ($110.8 million). The rise was supported by higher rental reversion and lower property expenses, primarily driven by cost efficiencies achieved during the period. Read more>>

APAC Real Estate Investment Climbed 12% in 2025, Says JLL

Asia Pacific’s commercial real estate market ended 2025 on a high note, with investments in the fourth quarter rising 15 percent year-on-year to $40.3 billion.

Based on JLL’s Asia Pacific Capital Tracker 2026 Outlook released Wednesday, the late-year surge pushed the value of full-year investments to $147.6 billion, a 12 percent rise from 2024. This marks the region’s strongest annual performance since 2021, capping what JLL described as “a year of steady recovery against a turbulent macroeconomic and geopolitical backdrop”. 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.