Brookfield Completes $175M Singapore Buy From ESR-REIT and More APAC Real Estate Headlines

Singapore’s industrial market has drawn fresh foreign capital as Canada’s Brookfield completes its $175 million purchase of seven warehouses from ESR-REIT, with that story leading today’s Asia Pacific real estate headlines. Also in the news, Barings and Aware Super open a 366-unit build-to-rent tower in Brisbane after acquiring it from Frasers Property for a reported $202 million, and Investa targets a $499 million play for a pair of Dexus office towers in Sydney and Brisbane.

Brookfield Completes $175M Buy of ESR-REIT Singapore Properties

Canada’s Brookfield has completed its purchase of seven Singapore industrial properties from ESR-REIT for S$224.6 million ($175 million), according to a stock exchange filing. The seven assets are part of an eight-property portfolio that Brookfield agreed to acquire from the REIT for S$338.1 million in December 2025, at a 2 percent premium to independent valuation.

The settled assets include logistics properties at 86 & 88 International Road, 120 Pioneer Road, 24 Jurong Port Road, 13 Jalan Terusan and 60 Tuas South Street 1, as well as 43 Tuas View Circuit and high-specifications industrial property 21 & 23 Ubi Road 1. The transfer of the eighth asset, 46A Tanjong Penjuru, remains pending, ESR-REIT said. Read more>>

Barings and Aware Super Open 366-Unit BTR Tower in Brisbane

US alternative asset manager Barings and Australia’s Aware Super have opened WeAreLiving Brunswick, a 366-apartment build-to-rent tower in Brisbane’s Fortitude Valley, the companies announced. The partnership acquired the 27-storey development from Frasers Property Australia for a reported A$285 million ($202 million) earlier this year.

The building forms part of the Queensland Government Build-to-Rent Pilot Project, with roughly 40 percent of units offered at discounted rents through a state subsidy. WeAreLiving Brunswick is the latest addition to the partnership’s pipeline of more than 2,000 build-to-rent homes across New South Wales, Queensland, the ACT and Victoria. Read more>>

Investa Targeting $499M in Dexus Office Buys in Sydney and Brisbane

Australian property fund manager Investa is seeking to acquire two office buildings from ASX-listed Dexus in deals totalling A$700 million ($498.8 million). The targeted purchases include the near-vacant 30 The Bond tower and a smaller heritage building in Sydney’s Barangaroo precinct for A$230 million, and the 26-level 123 Albert Street tower in Brisbane, which carried an independent valuation of A$464 million.

Dexus, which is seeking to reduce its office exposure and redeploy capital into industrial and funds management, would take a below-book-value hit on the Sydney asset while the Brisbane building is expected to trade at around book value, the newspaper reported. Investa earlier this year acquired the NBN headquarters in North Sydney and Dexus’s main wholesale property fund for close to A$600 million. Read more>>

Mitsui Fudosan Issues $577M in Green Bonds for Three Tokyo Properties

Japan’s Mitsui Fudosan has issued JPY 91.6 billion ($577 million) in green bonds across three tranches to refinance debt tied to three Tokyo properties, the company said. The bonds, priced on 29 May and issued 4 June, carry maturities of three, five and 10 years at interest rates of 1.8 percent, 2.2 percent and 3 percent respectively.

The proceeds are allocated to refinancing Nihonbashi Muromachi Mitsui Tower and the neighbouring Nihonbashi Takashimaya Mitsui Building, both in Tokyo’s Chuo ward, and the Mitsui Fudosan Industrial Park Haneda logistics facility in Ota ward near Haneda Airport. Mitsui Fudosan said its cumulative sustainable finance procurement reached JPY 1.55 trillion as of the end of March. Read more>>

NASDAQ-Listed IREN Plans 800MW Data Centre Campus Near Adelaide

AI infrastructure firm IREN has signed a transmission connection agreement to support a planned 800-megawatt data centre campus in Bundey, a town 126 kilometres (78 miles) northeast of Adelaide, the company said. The agreement secures four 330-kilovolt feeder exits at a utility substation, expected to support the full 800MW capacity without requiring network upgrades.

NASDAQ-listed IREN said it expects to commence early works and procurement in parallel with regulatory approvals, with energisation targeted from 2028. The campus will have submarine fibre connectivity into Singapore, Indonesia, South Korea and Japan. South Australia’s grid targets 100 percent net renewable energy by 2027, the company said. Read more>>

Dash Living Completes $46M Buy of Wan Chai Hotel

Hong Kong flexible living operator Dash Living has completed its HK$360 million ($46 million) acquisition of the former Butterfly on Morrison Hotel at 39 Morrison Hill Road in Wan Chai, according to a LinkedIn post by founder Aaron Lee. The purchase from local investment house Gale Well represented a 70 percent discount to the property’s 2019 asking price.

Dash Living said it will immediately launch an asset enhancement programme including addition and alteration works, with the building set to reopen in the fourth quarter of 2026 as a hybrid hotel and serviced apartment under the Dash Living brand. Backed by Hillhouse Investment’s Rava Partners, Dash Living operates 45 assets across Hong Kong, Singapore and Japan with $1.1 billion in assets under management on an invested and committed basis, Lee said. Read more>>

Centaline Completes $194M Buy of Regal Oriental Hotel for Student Housing

Hong Kong’s Centaline Investment completed its HK$1.5 billion ($194 million) acquisition of the Regal Oriental Hotel in Kowloon City from HKEX-listed Regal REIT on 30 April, according to a filing. The 494-room, 17-storey property at 30-38 Sa Po Road was delivered with vacant possession for conversion to student housing under Centaline’s CampusOne Communities platform.

Regal REIT said it used more than HK$1 billion of the gross proceeds towards partial repayment of existing bank facilities, with the remainder allocated to asset enhancement and working capital. The disposal reduced the trust’s gearing ratio from 42.8 percent to 40.7 percent, according to the filing. Read more>>

Morgan Stanley, Centuria Complete Sale of Melbourne Warehouse to Westbridge

Australian fund manager Centuria Capital and US investment bank Morgan Stanley have sold a 9,371 square metre (100,866 square foot) industrial property in Melbourne’s northern suburb of Epping to Westbridge Funds Management for A$24.3 million ($15.6 million), according to a LinkedIn post by Centuria’s Victoria general manager Mark Jones. The price represents a 4 percent premium to the asset’s December 2025 book value of A$23.4 million.

The two-warehouse asset at 40 Scanlon Drive was held within the Centuria Prime Logistics Partnership, jointly owned by ASX-listed Centuria Industrial REIT and Morgan Stanley. The sale delivered a 56 percent capital gain on the REIT’s original 2022 acquisition price and a 37 percent gain on Morgan Stanley’s half-share entry cost, Jones said. Read more>>