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Steve Bulloch, head of Australia at PGIM Real Estate

PGIM JV Buys Sydney Tower From Hong Kong’s Choi at Markdown From 2017 Price

2025/02/13 by Iris Hong Leave a Comment

Hong Kong toy tycoon Francis Choi Chee-ming has agreed to sell the long-time home of the Australian Securities Exchange (ASX) to PGIM Real Estate and a local unit of US private equity firm Proprium Capital Partners for A$270 million ($169.2… Read More>>

Link executive director and group chief executive officer George Hongchoy

Manager of Hong Kong’s Link REIT Launches Private Funds Business

2025/02/12 by Christopher Caillavet Leave a Comment

The manager of Link REIT has launched a private funds business called Link Real Estate Partners, as the Hong Kong-based firm looks to build on its nearly 20-year track record overseeing Asia’s biggest listed property trust.

The new business line… Read More>>

Tony Lombardo, global CEO of Lendlease

Lendlease Selling Capella Infrastructure Unit to Japan’s Sojitz for $146M

2025/02/01 by Christopher Caillavet Leave a Comment

Lendlease has agreed to sell its Capella Capital infrastructure arm to Japan’s Sojitz Corporation for A$235 million ($146 million), as the Australian real estate group continues to dispose of non-core lines as part of a business overhaul.

The sale will… Read More>>

Stephen Gaitanos of Scape

Scape Australia Revamps Student Housing Vehicle to Create $3.8B Open-Ended Fund

2025/01/22 by Christopher Caillavet Leave a Comment

Australia’s biggest owner-operator of student housing, Scape, has converted its flagship purpose-built student accommodation vehicle into a A$6 billion ($3.8 billion) open-ended core fund with a 16,000-bed portfolio across 33 operational assets.

As part of the conversion, the fund has… Read More>>

GreenFort partner and Liven Communities co-founder Adam Vaggelas

GreenFort Buys Two Queensland Sites for 750 Homes Under Land Lease JV With Gaw

2025/01/21 by Christopher Caillavet Leave a Comment

Australia’s GreenFort Capital has acquired two land lease projects in Queensland under its partnership with Gaw Capital Partners, adding 750 lots to the platform’s development pipeline.

Brisbane-based GreenFort purchased an inland site at Gowrie Junction in Toowoomba suitable for 422… Read More>>

Stephen Gaitanos of Scape

Scape Wins $434M Investment From Korea’s NPS for Living Sector Platform

2025/01/15 by Christopher Caillavet Leave a Comment

Australia’s biggest owner-operator of student housing, Scape, has secured a A$700 million ($434.3 million) equity commitment from South Korea’s National Pension Service for a suite of living sector investment strategies, the parties announced Thursday.

The partnership with the $800 billion… Read More>>

Ho Bee Land chief executive Nicholas Chua

Singapore’s Ho Bee Land Takes on Proprium Capital with $242M Offer for Aussie Builder

2025/01/15 by Bianca Cuaresma Leave a Comment

With Australia already accounting for more than a third of business, Singapore property player Ho Bee Land on Wednesday made a A$390.7 million ($242.3 million) bid to add a local developer to its presence Down Under.

Ho Bee Land made… Read More>>

WEE EE LIM UOL Group

Singapore’s UOL Completes $285M Sydney Office Investment as Market Revives

2025/01/11 by Bianca Cuaresma Leave a Comment

With office investment in Sydney’s central business district nearly doubling last year, SGX-listed UOL Group announced that it has completed its first transaction in the area, with the closing of an A$460 million ($285 million) acquisition from Canadian giant, Brookfield… Read More>>

Cheng Kar-Shun, NWD

Gloom Deepens for Hong Kong’s Cheng Family as Aussie Casino Operator Runs Low on Cash

2025/01/09 by Christopher Caillavet Leave a Comment

An Australian casino operator backed by the Cheng family controlling Hong Kong’s New World Development revealed Wednesday that its available cash fell 47 percent in the three months to 31 December, throwing doubt on its future as the company faces… Read More>>

Yukihito Honda of Sumitomo Corporation

Japan’s Sumitomo Enters Aussie Market via $516M Sydney Residential JV With Mirvac

2024/12/19 by Christopher Caillavet Leave a Comment

Japan’s Sumitomo Corporation has made its maiden property investment in Australia by entering a 50:50 joint venture with real estate giant Mirvac on an A$830 million ($516 million) Sydney residential project.

The tie-up for the under-construction Highforest in Sydney’s northwest… Read More>>

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