Brookfield India Real Estate Trust CEO Alok Aggarwal
In today’s review of real estate news from around the region, Brookfield India REIT completes a capital raise through its Ecoworld business park vehicle, Centurion makes its first foray into key worker accommodation with an Australia buy, and EQT sets a new regional record with a $15.6 billion Asia buyout fund.
Brookfield India REIT Sells Stake in Bengaluru Business Park for $121M
Just a few months after acquiring a Bengaluru business park from its sponsor for INR 131.25 billion , Brookfield India Real Estate Trust has sold a 13 percent stake in the property to a local fund for INR 11.3 billion, according to a statement by the REIT’s manager this week.
Brookfield India REIT raised the investment in its Ecoworld office campus from a fund managed by Mumbai fund manager 360 One Asset, which in July last year paid INR 240 billion to acquire a 50 percent stake in the Bluegrass Business Park in Pune from Brookfield Asset Management. Read more>>
Singapore’s Centurion Buys Western Australia Worker Housing for $32M
Singapore’s Centurion Corporation has entered the key worker accommodation segment with a binding agreement to acquire two workforce housing assets in Karratha, in Western Australia’s Pilbara mining region, for A$45 million ($32.3 million).
The portfolio comprises Velocity Village, a 93-unit workers’ facility with 186 beds, and Velocity Motel and Bistro, which offers 135 executive-style rooms. The group said the deal would be earnings accretive upon completion. Read more>>
Empyrion Digital Plans $865M Singapore Data Centre Expansion
Singapore-based data centre operator Empyrion Digital plans to invest more than S$1.1 billion ($865.2 million) to expand its data centre infrastructure in the city-state, according to the company, which is backed by investment firm Seraya Partners.
The proposed facility will anchor SPTel’s nationwide low-latency and quantum-safe network and is designed for high-density AI workloads, the company said. Empyrion said the expansion would create more than 300 specialised jobs. Read more>>
Keppel REIT Q1 Distributable Income Rises 19.7% to $46M
Keppel REIT recorded distributable income of S$57.9 million ($45.5 million) in the first quarter of 2026, up 19.7 percent year on year, supported by strong rental reversions and high portfolio occupancy across its office assets in Singapore and Australia.
The REIT committed more than 450,000 square feet (41,806 square metres) of leases during the quarter, achieving a portfolio rental reversion of 17.2 percent. Aggregate leverage stood at 40.2 percent. Read more>>
EQT Raises Record $16B Asia Buyout Fund Amid Global Turmoil
Swedish private equity firm EQT has closed its latest Asia buyout fund at $15.6 billion, a regional record surpassing the $15 billion raised by KKR in 2021 and nearly 40 percent larger than EQT’s prior Asia vehicle, the company said.
The US accounted for roughly 30 percent of commitments, with about a third of capital from 75 new investors. EQT aims to triple its Asia investments to $110 billion over the next five years. Read more>>
Oxley Chairman in $1B Legal Fight Over NewSat Collapse
Singapore property tycoon Ching Chiat Kwong, executive chairman of Oxley Holdings, is pursuing $1 billion in damages from banks including Societe Generale, Standard Chartered and UBS over the 2015 collapse of Australian satellite company NewSat, in which he had invested roughly $100 million.
The case before Australia’s Supreme Court of Victoria centres on claims lenders withdrew financing that derailed the satellite project, while the banks dispute the allegations and have sought to challenge parts of the claims. Read more>>
NTT Data Launches 200MW Chiba Data Centre Campus
NTT Data Group has launched development of a six-building data centre campus in Shiroi City, Chiba prefecture, targeting 200 megawatts of IT capacity, with first-phase service scheduled for 2030 or later after utility power connection, the company said.
The TKY12 campus sits adjacent to NTT’s 50MW TKY11 facility due to open in April 2027, bringing the combined Inzai-Shiroi footprint to 250MW and cementing the corridor’s position as Japan’s largest hyperscale cluster. Read more>>
Aussie BTR Player Model Taps Multiplex to Build $237M in Melbourne Projects
Australian build-to-rent developer Model has appointed Multiplex as construction partner for two residential projects in Abbotsford, Melbourne, with a combined development cost of A$330 million ($236.5 million), the company said.
The Johnston Street project will become Australia’s tallest timber residential building, while the Lithgow Street scheme will adaptively reuse Abbotsford’s century-old Schweppes factory, with both buildings targeting Certified Passivhaus and six Star Green Star ratings. Model aims to grow the portfolio to A$4 billion by 2031. Read more>>
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