Asia real estate and outbound investment news
Singapore’s Ascendas REIT is picking up an office project in suburban Sydney, marking the second acquisition by an SGX-listed trust in the Macquarie Park area in less than a week.
The REIT managed by Singapore’s CapitaLand has agreed to purchase… Read More>>
China’s housing market leads Asia’s real estate headlines today as mainland optimism sees consumers continuing to drive up home prices as Singapore’s sovereign wealth fund jumps into the trend with its latest middle kingdom development joint venture.
The manager of Singapore’s Keppel REIT announced today that it has agreed to acquire an office building in suburban Sydney for S$306 million ($223 million), adding a sixth Australian commercial asset to its portfolio.
The SGX-listed trust is acquiring a… Read More>>
Ivanhoé Cambridge and ARA Asset Management-backed Logos Property have acquired a site in northern Melbourne from local real estate investor Growthpoint for A$50.2 million ($36.4 million), the companies announced on 24 August.
The Canadian pension fund property investor and its… Read More>>
Singapore’s sovereign wealth fund has partnered with Australian property group Charter Hall to buy a 49 percent stake in a portfolio of convenience stores operated by Ampol, Australia’s biggest oil refiner, for A$682 million ($488.9 million).
Ampol, formerly Caltex Australia,… Read More>>
TE Capital Partners, the investment arm of Singaporean developer Tong Eng Group, said it has partnered with Singapore-listed builder Roxy-Pacific Holdings to buy an office building in Melbourne’s central business district for A$145 million ($101 million).
“We are confident in… Read More>>
Singapore’s ARA Asset Management this week announced its intention to extend a bid for a hostile takeover of ASX-listed Cromwell Property Group, marking the latest development in a more than two-year struggle for control of the Australian investment group.
Facing… Read More>>
ESR is set to expand its $25.4 billion in assets under management in Australia with a newly formed A$1 billion ($692 million) develop-to-hold logistics fund partnership with Singapore’s GIC.
“We’re seeing an increasing appetite from our capital partners for logistics… Read More>>
An A$3.6 billion ($2.3 billion) Brisbane casino resort backed by a pair of Hong Kong heavyweights has secured financing that allows the controversial development to press ahead despite opposition from preservationists and design groups.
Australian gambling and entertainment company Star… Read More>>
In April 2020, the redeveloped David Jones Elizabeth Street flagship store in Sydney, Australia, opened to the public. Here, Terence Seah, Head of Benoy’s Singapore Studio, considers the history and significance of this iconic building, and explains how Benoy has… Read More>>
