Asia real estate and outbound investment news
Gaw Capital Partners is growing its regional logistics portfolio with a deal to purchase a portfolio of Sydney industrial properties from Goodman Group for A$87 million ($56 million), according to sources familiar with the transaction who spoke with Mingtiandi.
The… Read More>>
Brookfield Asset Management is expanding its bets on hospitality in Asia Pacific with the Canadian giant announcing on Thursday that it has agreed to acquire a hotel in Brisbane, Australia.
The Toronto-based firm is buying the Hotel X Brisbane Fortitude… Read More>>
Hines has made a strategic shift from developing Australian rental residential assets in favour of purchasing properties with near-term income potential, the US developer and fund manager said Tuesday, after local media suggested the company was retreating from the build-to-rent… Read More>>
Singapore’s CapitaLand Investment is reportedly close to acquiring Melbourne-based fund manager Wingate Group, as the Temasek-backed giant carries out a strategic realignment with Australia as a focus market.
The two sides have been in talks for at least three months… Read More>>
Paragon REIT has announced plans to sell its entire 85 percent interest in a New South Wales mall for A$163.2 million ($106.4 million), a divestment which pares the Singapore-listed trust’s Australia portfolio down to a single asset.
The deal values… Read More>>
CapitaLand Investment is committing up to A$1 billion ($650 million) to increase its funds under management in Australia, as the Singaporean giant continues to sketch out a strategic shift away from its loss-making real estate bets in China.
SGX-listed CapitaLand… Read More>>
Tuan Sing Holdings has submitted a planning application to redevelop the retail podium of the Grand Hyatt Melbourne, which the Singapore-based firm owns.
Tuan Sing seeks to revitalise 121-131 Collins Street and 23-25 George Parade, currently comprising the 550-room Grand… Read More>>
HMC Capital has agreed to buy Australian data centre platform Iseek for A$400 million ($263 million) in a cash-and-stock deal, following closely on the fund manager’s purchase of digital infrastructure giant Global Switch’s Down Under business.
Sydney-based HMC will pay… Read More>>
Malaysia’s Sime Darby has purchased a car park near Melbourne’s Queen Victoria Market from the Lim family behind Singapore construction firm Evan Lim & Co and EL development for A$115 million ($76 million).
In a deal hailed as the largest… Read More>>
Transactions of income-generating real estate in Australia rose 11 percent to A$8.2 billion ($5.4 billion) in the third quarter compared with year-earlier levels, signalling positive momentum in the market after two lacklustre years, according to MSCI.
While deal volume remains… Read More>>
