Asia Pacific real estate investment news and information
CapitaLand Ascendas REIT has agreed to sell a warehouse complex in suburban Brisbane to Australia’s Cadence Property Group for S$90 million ($69 million), as the Singapore-listed trust continues to reshuffle its portfolio.
The property at 95 Gilmore Road, 22 kilometres… Read More>>
Aravest, a Singapore-based unit of Sumitomo Mitsui Finance and Leasing Co, has acquired a 50 percent interest in a 40-storey office tower in central Brisbane in a deal said to value the stake at more than A$200 million ($131 million).
A joint venture of Hong Kong-based Phoenix Property Investors and Australia’s Centennial Property Group has acquired a site next to Brisbane Airport for development of a logistics park with an end value of A$240 million ($155.7 million).
The piece of… Read More>>
US fund manager Barings has acquired a majority stake in Brisbane-based self-storage platform Swift Storage for A$200 million ($130.2 million) as the asset class continues to draw institutional investors to Australia’s red-hot market.
The buy includes majority ownership of both… Read More>>
China’s JD Property has reached an agreement to buy a Brisbane industrial estate from an ESR-led venture, with market sources who spoke to Mingtiandi confirming a deal value of A$240 million ($152.5 million).
Known as Wacol Logistics Hub, the complex… 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>>
Singaporean giant GIC acquires a stake in Australia’s third-busiest airport, with that investment leading today’s headline roundup. Also making the list, Hong Kong developer Chinachem wins a New Territories commercial site and mainland builder Sunac sells its stake in a… Read More>>
US developer and fund manager Hines and the Ontario Teachers’ Pension Plan have completed their acquisition of two build-to-rent projects in Brisbane with a total of 354 units, providing exposure to a growing market for multi-family assets in Australia.
The… Read More>>
A real estate affiliate of Japan’s Sumitomo Corporation has formed a wood-themed A$1.2 billion ($790 million) joint venture with Brisbane property firm Cedar Pacific to develop rental housing in Australia as Japanese companies deepen their involvement in the country’s residential… Read More>>
CapitaLand Ascendas REIT (CLAR) is in the process of selling a set of three suburban logistics assets in Brisbane to Sydney-based investment house AsheMorgan for a total of A$73 million ($49.3 million).
The REIT’s manager on Wednesday entered into a… Read More>>
