Tokyo Tatemono Buys $1B Stake in Ginza-Area Project and More APAC Real Estate Headlines

In today’s review of real estate news from around the region, Tokyo Tatemono secures a $1 billion stake in a landmark Ginza-fringe redevelopment, Woolworths offloads a 10-property supermarket portfolio to a Taiwanese family group, and Temasek-backed Manipal Hospitals takes its first step towards a $1.2 billion India listing.

Tokyo Tatemono Acquires $1B Stake in Central Tokyo Kyobashi Redevelopment

Tokyo Tatemono has acquired a JPY 165 billion ($1 billion) stake in the Kyobashi 3-Chome Higashi District Urban Redevelopment Project in central Tokyo, following a rights exchange approved by the Tokyo Metropolitan Government on Tuesday.

The 35-storey tower will rise 180 metres (590.6 feet) on a 6,820 square metre (73,410 square foot) site at the southern end of Ginza’s Chuo-dori shopping street, delivering roughly 166,800 square metres of office, hotel and retail space, with completion targeted for fiscal 2032. Read more>>

Keppel REIT Reports $9.1B Portfolio and 96.7% Occupancy in 2025 Annual Report

Keppel REIT marked its 20th anniversary on the Singapore Exchange in 2025 with a portfolio valued at S$11.7 billion ($9.1 billion), according to its 2025 annual report.

The trust reported committed occupancy of 96.7 percent and rental reversion of positive 11.5 percent across the 14-asset portfolio. Its weighted average lease expiry stood at 4.4 years across the portfolio and 8.1 years for its top 10 tenants as of 31 December 2025. Read more>>

Woolworths Sells 10-Property Portfolio for $349M to Taiwan-Backed Forest Endeavour

Woolworths has sold a 10-property Australian supermarket portfolio to Forest Endeavour, an entity linked to the Taiwanese Lin family’s Shayher Group, for A$500 million ($349 million), according to a report in The Australian.

The portfolio comprises retail centres along Australia’s eastern seaboard developed by Woolworths with long-term leases in place. Forest Endeavour is separately understood to be finalising an A$370 million acquisition of the Paradise Centre and the Novotel hotel in Surfers Paradise, Queensland. Read more>>

SMBC Group’s SMDAMSG and Aravest Raise $165M for APAC Real Estate Credit Strategy

SMDAMSG and Singapore-based Aravest Private Funds have raised $165 million in commitments for their APAC real estate credit strategy, up from $120 million at the vehicle’s December 2025 launch.

The strategy, sponsored by SMBC Group and co-managed by the two firms, targets private real estate credit across Asia Pacific, covering construction, bridge, value-add and stabilised lending secured by high-quality assets. It is the first initiative under the SMBC Private Markets platform. Read more>>

Soon Hock Enterprise Wins Tender for Singapore’s Kewalram House at $94M

SGX-listed Soon Hock Enterprise Holding has won a tender to purchase Kewalram House, an industrial property at Jalan Kilang Barat in Singapore, for S$120.5 million ($94.2 million) on a 99-year leasehold tenure from 1 January 1961.

The company said the acquisition of the six-unit development, comprising five addresses on Jalan Kilang Barat and one on Jalan Kilang Timor, represents a strategic redevelopment opportunity that enhances its industrial portfolio. Read more>>

CBRE Appointed Sole Agent for Tender Sale of 67-71 Argyle Street in Mong Kok

CBRE has been appointed as sole agent for the tender sale of 67-71 Argyle Street in Mong Kok, Kowloon, marking one of the more notable commercial property offerings to come to market in the district in recent years.

No asking price has been publicly disclosed for the property, which sits in one of Hong Kong’s most densely trafficked retail and commercial neighbourhoods. CBRE’s capital markets team is managing the tender process. Read more>>

Temasek-Backed Manipal Hospitals Files for $1.2B India IPO

Manipal Health Enterprises, India’s largest private hospital chain by bed capacity and backed by Singapore’s Temasek, has filed a draft red herring prospectus with Indian capital markets regulator SEBI for an initial public offering of up to $1.2 billion.

The offering comprises a fresh issue of INR 80 billion ($851.7 million) alongside an offer for sale of up to 43.2 million shares by Temasek, TPG and other investors. Proceeds will primarily repay debt. Read more>>

Six Dubai Real Estate Bonds Fall Into Distress as Middle East Conflict Rolls On

Six dollar-denominated bonds issued by Dubai developers have fallen into distressed territory, trading at yield spreads exceeding 1,000 basis points above the risk-free rate, according to Bloomberg data, roughly 15 percent of all dollar real estate bonds in the Middle East.

The distress reflects investor concern over credit quality and refinancing risk as the military conflict involving the US, Israel and Iran continues to weigh on the UAE property market. Read more>>

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