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Kwek Leng Beng CDL

Singapore’s First Sponsor Closes $16M Deal to Buy Sydney Heritage Building

2024/07/16 by Christopher Caillavet Leave a Comment

A consortium led by Singapore-listed First Sponsor has completed the acquisition of Sydney’s City Tattersalls Club in a deal valued at A$24.7 million ($16.7 million), paving the way for the downtown property’s redevelopment into a 50-storey residential and hotel project.

… Read More>>

Steve Bulloch, head of Australia at PGIM Real Estate

PGIM in JV With Australia’s Elanor to Buy Melbourne Logistics Site

2024/07/04 by Christopher Caillavet Leave a Comment

PGIM Real Estate and Elanor Investors Group have agreed to buy a last-mile logistics site in a southeastern suburb of Melbourne, launching the first-ever joint venture between the US and Australian fund managers.

ASX-listed Elanor has exchanged contracts to acquire… Read More>>

Kurt Wilkinson, founding partner of Arrow Capital Partners

ESR Books 62% Gain on $68M Sale of Sydney Logistics Estate to Australia’s Arrow Capital

2024/07/04 by Kevin He Leave a Comment

ESR has sold a north Sydney logistics estate to Australian real estate investment manager and operator Arrow Capital Partners for A$101.8 million ($68 million) in Australia’s largest single-asset industrial transaction so far this year.

The HKEX-listed industrial specialist backed by… Read More>>

Mitsui Fudosan president Takashi Ueda

Mitsui Fudosan Buys Two-Thirds Stake in $1.3B Sydney Office Project From Mirvac

2024/06/29 by Christopher Caillavet Leave a Comment

Mitsui Fudosan has acquired a 66 percent stake in a Mirvac office project near the Sydney harbourfront with an estimated end value of A$2 billion ($1.3 billion).

Japan’s largest developer will co-own 55 Pitt Street with ASX-listed property giant Mirvac,… Read More>>

Kenneth Gaw, Gaw Capital Partners

Gaw Capital Launches $533M Aussie Land Lease JV With GreenFort 

2024/06/22 by Christopher Caillavet Leave a Comment

Gaw Capital Partners has set up a joint venture with GreenFort Capital to acquire and develop an A$800 million ($533 million) pipeline of Australian land lease community projects aimed at pensioners.

Hong Kong-based Gaw will help Brisbane’s GreenFort scale its… Read More>>

GIC chief executive Lim Chow Kiat

Singapore’s GIC Teams With Aussie REIT for $179M Self-Storage JV

2024/06/14 by Christopher Caillavet Leave a Comment

Singaporean sovereign fund GIC is setting up a joint venture with an Australia-listed REIT to pursue the development and operation of self-storage centres Down Under.

GIC and National Storage REIT plan to deploy A$270 million ($178.7 million) in total capital… Read More>>

Kurt Wilkinson, founding partner of Arrow Capital Partners

Starwood-Arrow Capital JV Offloads Aussie Logistics Assets for $110M

2024/06/11 by Kevin He Leave a Comment

A joint venture between an affiliate of Starwood Capital and Sydney-based Arrow Capital Partners has divested a portfolio of seven logistics properties near Sydney and Melbourne for A$166.8 million ($110 million), after average prime net face rents of Australian industrial… Read More>>

Matt Carolan, Apt.Residential

Apt.Residential Developing $187M Sydney Apartment Project Under PGGM Tie-Up

2024/06/08 by Christopher Caillavet Leave a Comment

Australia’s Apt.Residential has launched a A$280 million ($187 million) build-to-rent apartment project in Sydney’s Meadowbank area as the first development under its recently announced A$1.5 billion partnership with Dutch pension fund manager PGGM.

Apt.Meadowbank in the inner-northwest suburb will comprise… Read More>>

Tony Lombardo, global CEO of Lendlease

Australia’s Lendlease to Sell Overseas Construction Business in $3B Disposal Plan

2024/05/27 by Beatrice Laforga Leave a Comment

Australian developer Lendlease Group plans to sell its overseas construction business to focus on operations at home as part of a business overhaul that the company says could free up as much as A$4.5 billion ($3 billion) of capital.

The… Read More>>

Ronald Bausch, PGGM

PGGM and Sydney’s Apt.Residential Tie Up for $1B Aussie BTR Venture

2024/05/16 by Kevin He Leave a Comment

With Australia’s rental housing market facing a surge in demand on the back of population growth and tight supply, Dutch pension giant PGGM is backing a A$1.5 billion ($1 billion) bet on the country’s burgeoning apartment market.

A property fund… Read More>>

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