Tag: Australia

  • Hong Kong’s Phoenix Leads $37.5M JV Buy of Sydney Logistics Complex

    Hong Kong’s Phoenix Leads $37.5M JV Buy of Sydney Logistics Complex

    Phoenix Property Investors has teamed up with a joint venture between Australia’s Irongate Group and South Africa’s Burstone Group to acquire a Sydney industrial estate in the Hong Kong real estate private equity firm’s second bet on the Aussie industrial sector. The A$57.25 million ($37.5 million) transaction will see Phoenix acquiring an 80 percent stake…

  • GIC Ties Up With Australia’s RAM for Healthcare Real Estate JV Down Under

    GIC Ties Up With Australia’s RAM for Healthcare Real Estate JV Down Under

    Australian investment manager Real Asset Management (RAM) has launched a healthcare-focused property fund in a joint venture with an unnamed partner understood to be Singaporean sovereign fund GIC. The RAM Australia Healthcare Opportunity Fund (HOF) will build a “low risk, build-to-core” portfolio of premium healthcare assets in metropolitan and larger regional cities in Australia through…

  • Singapore’s CapitaLand Ascott Trust Selling Pair of Sydney Hotels for $71M

    Singapore’s CapitaLand Ascott Trust Selling Pair of Sydney Hotels for $71M

    CapitaLand Ascott Trust has agreed to sell two Sydney hotels for A$109 million ($71 million), as part of what the trust’s manager describes as a portfolio restructuring effort, following its September deal to sell four French assets. Located outside of the city centre, Novotel Sydney Parramatta and Courtyard by Marriott Sydney-North Ryde will be sold…

  • GIC Buys Stake in Blackstone European Hotels, Takes 45% Haircut on Aussie Mall

    GIC Buys Stake in Blackstone European Hotels, Takes 45% Haircut on Aussie Mall

    GIC announced on Tuesday its purchase from Blackstone of a 35 percent stake in Mediterranean luxury hotel owner Hotel Investment Partners (HIP) in a move to capitalise on the burgeoning resort market in southern Europe. The acquisition puts 72 more hotels into GIC’s portfolio of European hospitality assets, according to an announcement by Asia’s largest…

  • Singapore’s JL Family Office Buying Melbourne Shed for First Aussie Acquisition

    Singapore’s JL Family Office Buying Melbourne Shed for First Aussie Acquisition

    The Land Managers is making its first direct purchase in Australia after the real estate investment division of Singapore’s JL Family Office teaming up with unidentified co-investors to acquire a Melbourne logistics facility for A$26.5 million ($16.8 million), the company said in a statement The company, which invests the fortune of ARA Asset Management founder…

  • Country Garden Sells Melbourne Project to Frasers After Bond Default

    Country Garden Sells Melbourne Project to Frasers After Bond Default

    Country Garden Holdings has agreed to sell an unfinished housing project near Melbourne, Australia to Singapore’s Frasers Property, market sources have confirmed to Mingtiandi, with the asset sale emerging during the same week that China’s largest developer formally defaulted on offshore debt for the first time. Branded as Risland Australia down under, Country Garden had…

  • GIC Selling Aussie Trailer Park Operator Serenitas to Mirvac JV for $643M

    GIC Selling Aussie Trailer Park Operator Serenitas to Mirvac JV for $643M

    Singapore’s sovereign wealth fund has agreed to sell Australian trailer park operator Serenitas for A$1 billion ($642.76 million), cashing in the low-cost housing venture as homes become increasingly unaffordable in the country’s major cities. Mirvac Group announced this past week that it had joined with local private equity firm Pacific Equity Partners to buy out…

  • Blackstone, Mirvac Sell Sydney Commercial Complex to Mitsubishi Venture for $494M

    Blackstone, Mirvac Sell Sydney Commercial Complex to Mitsubishi Venture for $494M

    Japan’s Mitsubishi Estate has teamed up with a local investment firm to acquire a Sydney commercial tower equally owned by Blackstone and Mirvac for about A$777 million ($494 million), making Australia’s largest office buy so far this year. Mirvac has exchanged contracts for the sale of its half stake in the 60 Margaret Street office…

  • Singapore’s Keppel Buys Pair of Sydney School Campuses for $125M

    Singapore’s Keppel Buys Pair of Sydney School Campuses for $125M

    Singapore property heavyweight Keppel Corp has purchased a pair of school campuses in Sydney on behalf of its private education fund for a total of A$198 million ($125 million), the company announced late Thursday. The company said its Keppel Education Asset Fund (KEAF) made its maiden acquisition in Australia with the purchase of a 10,700-square…

  • ESR Adds Logistics Site Near Western Sydney Airport Project for $45M

    ESR Adds Logistics Site Near Western Sydney Airport Project for $45M

    Industrial specialist ESR is adding to its Australian pipeline with the acquisition of a site near the future Western Sydney airport for A$70 million ($45 million). With 4.1 million square metres (44 million square feet) of warehouse space already developed in the country, ESR aims to build around 82,000 square metres of new logistics capacity…