GIC chief executive Lim Chow Kiat
A Japanese property buyout leads today’s look at real estate headlines from around the region, with Singapore’s GIC teaming up with Tokyo’s Tosei to offer a bit more for a TSE-listed REIT. Also making the news, OpenAI is teaming up with Tata to tackle the Indian market and Singapore’s STT GDC is looking for an IPO of its India unit next year.
GIC, Tosei Sweeten $373M Buyout Offer for Japan’s Sankei Real Estate
With a buyout offer from Singapore’s GIC and Tokyo-based Tosei Asset Advisors set to expire on 27 February, Sankei Real Estate said Thursday that the tender offer period for a proposed buyout of the Tokyo-listed REIT has been extended to 6 March.
While the official offer price remains unchanged at JPY 125,000 ($805) per unit, GIC and Tosei have sweetened the proposal by offering unitholders who hold units through the record date for the fiscal period ending February 2026 the opportunity to receive the February 2026 distribution, estimated at JPY 2,773 per unit. Read more>>
OpenAI Announces India Partnership With Tata
OpenAI said Wednesday that it has rolled out OpenAI for India, aiming to provide sovereign artificial intelligence infrastructure for government, business and academic clients.
As part of the plan, OpenAI is working with local partners including Tata Group to support the development of large-scale, AI-ready data centre capacity in India, starting at around 100 megawatts and potentially scaling significantly over time. As part of the initiative, Tata companies are adopting ChatGPT Enterprise across large parts of its workforce. Read more>>
STT GDC India Said Targeting 2027 IPO
ST Telemedia Global Data Centres India said Thursday that it is evaluating long-term options, including a potential IPO, in the first half of 2027 to support expansion plans.
“Aligned with India’s digital growth story, STT GDC India continues to evaluate long-term strategic options to support its future expansion plans, including a potential initial public offering targeted for the first half of 2027,” the data centre operator said, adding that a public listing could accelerate access to capital and support India’s digital infrastructure landscape. Read more>>
Mori Hills REIT Secures JPY 3.75B Green Loan From SMBC
Mori Hills REIT Investment Corporation said Thursday that it has secured a JPY 3.75 billion long-term green loan from Sumitomo Mitsui Banking Corporation.
The facility, which matures in February 2034, carries a floating rate based on one‑month JBA Japanese yen TIBOR plus 0.25 percent and will be used to replenish cash reduced by previous loan repayments and refinance existing long-term debt tied to the acquisition of flagship assets including Toranomon Hills Mori Tower. Read more>>
SGX-Listed United Hampshire US REIT Boosts Distributions
United Hampshire US REIT said Friday that it would increase distributions for the second half of 2025 by 12.1 percent from year-earlier levels. Full-year distribution per unit rose 8.1 percent to 4.39 US cents, implying a distribution yield of 8.5 percent based on the 31 December 2025 unit price.
The increase in distributions came despite gross revenue for the second half having declined 0.3 percent year-on-year to $36.2 million, following the divestment of three of the trust’s properties. Read more>>
India’s Olive by Embassy Seeks Partners as Portfolio Surpasses 100 Properties
Embassy Group’s Olive Hotels is doubling down on India’s budget and mid-market hospitality market, with the company’s co-founder and CEO pointing to affordable hostelries as offering the country’s largest growth opportunity.
Olive has expanded to over 100 hotels and is now seeking a strategic minority partner to add capabilities and sector expertise, prioritising long-term value over pure capital infusion. Read more>>
Mongolian Mining Magnates Buy Posh Southside Pad in Hong Kong
The family behind one of Mongolia’s largest mining conglomerates has bought a detached house in Hong Kong’s upmarket Southern district for HK$247 million ($31.5 million), with the buyer intending to use it as a “retirement residence”.
Land Registry records show that Tisara Holdings, whose director is Tselmuun Nyamtaishir, signed a provisional agreement on 29 January to acquire House 5 in One Stanley at 128 Wong Ma Kok Road. Read more>>
Head of Australia’s Charter Hall Touts Commercial Market Rebound
Australian property funds heavyweight Charter Hall plans to capitalise on the private equity sector’s pain by convincing investors that commercial real estate is a source of steady returns. The listed giant experienced a wave of capital into its coffers over the December half and is bullish about its capacity to win more mandates.
Charter Hall called out signs of a turnaround in the premium office market and last month bought a A$500 million ($351.2 million) half-stake in Sydney’s O’Connell Precinct, where it plans to bring its active management. 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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