Goodman Group CEO Greg Goodman has a fresh partnership with his friends at CPPIB
After teaming up for data centres and logistics in Japan, Australia’s Goodman Group and Canada’s CPPIB will be working together on a European digital infrastructure venture, according to announcements today. That partnership leads Mingtiandi’s look at real estate headlines from around the region with Lendlease also making the list with the sale of some Kuala Lumpur assets and ASX-listed Centuria REIT selling a Sydney office building while CapitaLand Malaysia Trust picks up a set of Johor factory projects.
CPPIB Partners With Goodman on $9.4B European Data Centre Venture
The Canada Pension Plan Investment Board said on Tuesday that it has agreed to establish an A$14 billion ($9.4 billion) European data centre partnership with Goodman Group. The 50:50 partnership is being kicked off with an initial capital commitment of A$3.9 billion to develop a set of data centres in Frankfurt, Amsterdam and Paris.
The Goodman European Data Centre Development Partnership is CPPIB’s first data centre partnership in Europe, with the portfolio slated for 435 MW of primary power and 282 MW of IT load with construction expected to start by 30 June 2026. Read more>>
Lendlease Sells Stakes in KL’s TRAX Complex to Valiram Family for $270.5M
Lendlease announced on Tuesday that it has sold a 40 percent stake in the Exchange TRX mall and its entire 60 percent holding the office component of the Kuala Lumpur commercial project for a combined RM 1.1 billion ($270.5 million).
The buyer of the assets was reported by local media to be the Valiram family behind the eponymous luxury retailer Valiram Group, which operates boutiques in airports and mall across Southeast Asia and Australia. Read more>>
Australia’s Centuria Office REIT Sells Chatswood Office Building for $60M
Centuria Office REIT said on Friday that it has exchanged contracts for the sale of an office building in North Sydney for A$90 million ($60 million) achieving a 12.5 percent premium to the book value of the asset as of 30 June 2025.
The buyer of 9 Help Street in Chatswood, NSW, a 9,397 square metre (101,148.5 square foot), grade B office property is said to be a private local investor. Read more>>
CapitaLand Malaysia Trust to Buy Five Johor Industrial Facilities for $54.3M
CapitaLand Malaysia Trust (CLMT) has agreed to acquire five industrial facilities in Johor for RM 220.8 million ($54.3 million), through a forward purchase agreement with Bursa Malaysia-listed AME Elite Consortium.
The five manufacturing projects are located in Iskandar’s i-Tech Valley industrial park within the Johor-Singapore Special Economic Zone (JS-SEZ) and are expected to be completed between March 2027 and January 2028. Read more>>
Australia’s GPT Closes on $573.5M Grosvenor Place Deal, Buys Sydney Student Housing
GPT Group announced to the Australian stock exchange on Monday that it has closed on its purchase of a 50 percent stake in Sydney’s Grosvenor Place office tower for A$860 million ($573.5 million).
In the same announcement, the fund manager said that it has also agreed to acquire a student housing property 43-45 Australia Street in Camperdown, NSW for A$47 million, as a seed asset for a newly established partnership with an overseas capital partner. Read more>>
China Vanke Bondholders Give Developer Reprieve Through 28 Jan
China Vanke Co., once the country’s biggest developer before it succumbed to an unprecedented property crisis, won last-minute support from creditors to extend a bond grace period in a reprieve that helps it avoid default, at least for now.
Holders of Vanke’s 2 billion yuan ($284 million) note voted in favor of a proposal to extend the grace period to Jan. 28, according to a filing to Chinamoney.com on Monday. The company didn’t pay the security by its Dec. 15 maturity, which left it in a grace period that otherwise would have expired Monday. Read more>>
New World’s Cheng Family Puts Rosewood Hotel in London’s West End on the Market
The family, led by tycoon Henry Cheng, has appointed advisers to offer the Rosewood Hotel in London’s Holborn district for sale, people with knowledge of the plan said, asking not to be identified as the plan is private.
New World has attempted to sell a raft of assets after plunging Hong Kong real estate values pushed up the group’s relative indebtedness. The Cheng family has sought a partner to match a capital injection and the company last month proposed a bond swap that would trim about $1.2 billion from its debt pile. Read more>>
Li Ka-Shing’s CK Hutchison Preps IPO of Retail Business Amid Group Restructuring
CK Hutchison Holdings Ltd., is pursuing three major moves: an initial public offering of its retail arm to raise at least $2 billion for its largest revenue contributor, a potential listing or partial sale of its global telecom operations, and talks to sell 43 port assets — representing the bulk of its global portfolio for more than $19 billion in cash.
The Li family, which controls about 30 percent of CK Hutchison, believes selling and spinning off these businesses can unlock far greater value than the market currently assigns to them under the existing structure, a person familiar with the plans said, asking not to be identified because the matter is private. Read more>>
Scape Completes $1.7B Green Loan for Core Student Housing Fund
Australia’s largest student housing firm announced late last week that it has completed A$2.8 billion ($1.7 billion) in refinancing for its Scape Core Fund through sustainability-linked loan facilities
The green loan is part of a sustainability framework that includes renewable electricity, progressive electrification and improved performance under Australian’s Green Star regimen for the $3.8 billion open-ended, core fund, which Scape established in January of this year. 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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