KKR to Open Office in Abu Dhabi and More Asia Real Estate Headlines

The return to relevance of Persian Gulf markets leads today’s look at real estate headlines from around the region, as US private equity giant KKR opens a new office in Abu Dhabi. Also making the list are the launch of an India infrastructure fund by Korea’s Mirae and a former Quebec trophy for China Evergrande being auctioned by receivers.

KKR to Open Abu Dhabi Office as Race for Arab Cash Accelerates

KKR is opening an office in Abu Dhabi’s financial centre, part of the alternative investment firm’s efforts to bolster its presence in the emirate as it increasingly becomes a magnet for global capital.

The Abu Dhabi office, located in the city’s financial centre known as ADGM, will be led by Julian Barratt-Due, a managing director at KKR who heads the regional investment business, according to a statement. The new office adds to the buyout giant’s existing regional offices in Dubai’s financial hub and Saudi Arabia’s capital city, Riyadh. Read more>>

Korea’s Mirae Launches India Infrastructure Fund

Mirae Asset Investment Managers India has launched the Mirae Asset Infrastructure Fund, an open-ended equity scheme following an infrastructure theme, according to an announcement by the South Korean finance giant this week.

The fund seeks to invest in sectors that are part of India’s infrastructure landscape, including construction, logistics, power, telecom, building material providers and data centres. Read more>>

Receivers Launch Sale of Quebec Resort Seized From China Evergrande

China Evergrande’s log-cabin hotel in Canada has been placed in receivership after the defaulted developer failed to make payments on its debt.

Fairmont Le Chateau Montebello, which has hosted luminaries including Grace Kelly and Margaret Thatcher, will be put up for sale by PwC, the court-appointed receiver, according to documents filed this week on the accounting firm’s website. Read more>>

ADIA Said in Talks to Sell Sydney Commercial Project Stake to Charter Hall for $324M

Fund manager Charter Hall is showing its faith in Sydney’s office market as it goes into due diligence to buy a 50 percent interest in the O’Connell precinct that is one of the largest development sites in the central business district.

Charter Hall is looking to pick up the stake from the Abu Dhabi Investment Authority for around A$500 million ($324.3 million), with the move giving the firm the option to back a development of a next-generation skyscraper in future or to undertake a shorter-term repositioning. Read more>>

Boyu Could Bring Tencent, GIC Into Starbucks China Buyout

Boyu Capital is considering bringing in Tencent Holdings, GIC and potentially others as limited partners in its acquisition of a stake in the Starbucks China business, people familiar with the situation said.

The private equity firm, which has agreed to buy as much as 60 percent of the Chinese business, is looking to expand Starbucks in smaller cities to drive growth in the coffee chain’s second-biggest market, the people said. It also plans to open more branches at tourist attractions, subways and airports, where foot traffic is high, they said. Read more>>

Goodman Opens $68M Brazil Warehouse Project

Goodman has officially opened Goodman Avenida dos Estados, the Australian group’s newest last-mile development in Brazil.

Located in Santo Andre in the ABC Paulista region, the BRL 360 million ($67.5 million) project has more than 60,000 square metres (645,835 square feet) of space and was designed to serve companies in the e-commerce, consumer goods, logistics, pharmaceutical and high value-added products sectors. Read more>>

Keppel REIT Prices $77M in Perpetuals at 3.28%

The trustee of Keppel REIT, HSBC Institutional Trust Services Singapore, on Wednesday priced its offering of S$100 million ($76.5 million) worth of subordinated perpetual securities at 3.28 percent under a S$2 billion multi-currency debt issuance programme.

The securities are expected to be issued on 27 November at an issue price of 100 percent of the principal amount and in denominations of S$250,000, the REIT’s manager said in a stock filing. Read more>>

Singapore Residential Leasing Jumped 24% in Q3 Despite Leaner Expat Presence

Singapore’s private residential market saw a jump in leasing activity during the third quarter of 2025, with volume rising to its highest in four years, but the momentum may not hold up with ongoing business uncertainty, Savills said.  

“While the strong rental showing and the decline in vacancies appear to show a resilient leasing market, it may be masking hidden weaknesses,” Savills Singapore said in a report issued this week. Read more>>

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