Unilodge Park Central in Brisbane
The appeal of Australian student housing leads today’s look at real estate news from around the region, as a pair of US heavyweights face off for a PBSA operator. A Malaysia developer also makes the list with a Singapore land buy and another real estate IPO may be headed for the SGX.
Greystar, Warburg Pincus Seen Battling for Aussie Student Housing Business
US private equity firm Warburg Pincus is believed to be eyeing student accommodation platform Unilodge in a move that would give contest favourite Greystar a run for its money.
DataRoom understands that Unilodge launched a sale process through UBS after Greystar came forward with an approach to buy the business. Unilodge has come up on offer after Goldman Sachs was earlier searching for a buyer for the A$2 billion ($1.3 billion) student accommodation provider Campus Living, with Cedar Pacific believed to be interested, at least at the initial stages. Read more>>
Gamuda Land JV Awarded $782M Plot in Singapore
Gamuda Land has been awarded a land parcel at Chencharu Close in northern Singapore’s Yishun area, following a successful tender at S$1.01 billion ($782 million).
Gamuda said the land was secured through a joint bid by Gamuda (Singapore) Pte Ltd (holding a 50 percent stake), Evia MCS Pte Ltd (30 percent) and H108 Pte Ltd (20 percent). The acquisition will be carried out via Polaris Times Square Residences Pte Ltd and Times Square Mall Pte Ltd, the designated joint venture companies. Read more>>
Hong Kong’s MTR Receives 31 Responses to Planned Tuen Mun Site Tender
MTR Corporation has received 31 expressions of interest for Phase 1 of its Tuen Mun Area 16 project, with Hong Kong’s Wheelock Properties being one of the submitting parties.
The tender for MTR’s first residential project this fiscal year will conclude Monday. Besides Wheelock, an unidentified financial consortium also submitted an expression of interest through either physical or digital channels, local media reported. Read more>>
Singapore Industrial Builder Soon Hock Files for IPO
Industrial developer Soon Hock Enterprise has lodged a preliminary prospectus for a listing on the Singapore Exchange, the company said Monday.
Soon Hock submitted the documents to the Monetary Authority of Singapore on the same day, in connection with a proposed initial public offering and listing of ordinary shares on the SGX mainboard, it said. Maybank Securities and UOB are the joint issue managers, joint global coordinators and joint bookrunners for the proposed IPO. Read more>>
Australian Retirement Trust Defaults on Loan Backed by Former Microsoft Offices
Australian Retirement Trust, the nation’s No.2 pension fund, is defaulting on a loan that funded the purchase of a US office complex once occupied by Microsoft, underscoring the continued fallout for global investors as companies revise their office space.
The two towers in a Seattle suburb seemed like a safe bet for their Australian buyer in early 2020, packed with thousands of Microsoft workers. But the tech giant vacated the complex as hybrid work trends and job cuts allowed it to consolidate offices in the years following the pandemic, leaving both buildings empty in an area where nearly a fifth of space is now vacant. Read more>>
Singapore Office Rents Rose 1.3% in Q3
Rents for Grade A office space in Singapore’s central business district rose in the third quarter of 2025, supported by limited new supply and strong demand for premium buildings.
Rents grew 1.3 percent to S$11.83 ($9.17) per square foot per month, JLL data showed Monday, marking the strongest quarterly growth in six quarters. The increase followed 0.6 percent growth in each of the first two quarters of 2025. Read more>>
India’s KSH Ties Up With WSB Real Estate for Bengaluru Industrial Park
KSH Infra, an industrial and logistics parks developer, has raised more than INR 4.5 billion ($51 million) to develop an industrial and logistics park in Hosur on the outskirts of Bengaluru.
Of the total, alternative asset manager WSB Real Estate Partners will invest INR 1.5 billion as equity, while KSH INFRA will bring in INR 520 million. The remaining INR 250 crore will be raised as debt. The 50 acre (20 hectare) industrial and logistics park has potential development of 1.25 million square feet (116,129 square metres). Read more>>
Daishin Appointed Manager for Korean REITs
Daishin Securities affiliate Daishin Asset Management was selected as the discretionary manager for on-exchange trading of the housing and urban fund anchor REITs.
In 2020, South Korea’s Ministry of Land, Infrastructure and Transport created a KRW 465 billion (now $330 million) housing and urban fund anchor REIT to revitalise the domestic listed REITs market. Since then, it has established itself as a major investor in the REITs market. Read more>>
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