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>>
Singapore’s CapitaLand Ascendas REIT Sells Trio of Aussie Sheds to AsheMorgan for $49M
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>>
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,… Read More>>
PGIM Expands APAC Rental Housing Portfolio With China, Australia Deals
PGIM Real Estate has added to its Asia Pacific rental housing portfolio, with the US investment manager securing deals with local partners to acquire properties in Shanghai, Sydney and Brisbane.
In China’s commercial capital, PGIM led a joint venture to… Read More>>
Blackstone Buys Australia’s Student One for $322M
Blackstone has purchased Brisbane-based Student One for more than A$500 million ($322 million), according to sources, marking the US private equity giant’s first student accommodation investment in Australia and in the broader Asia Pacific region.
The acquisition comprises three premium… Read More>>
Hines Makes First Aussie Shed Investment as Fund Acquires Four Assets for $156M
Hines has acquired its first logistics properties in Australia, adding a fifth country to the US developer’s growing portfolio of Asia Pacific industrial assets.
The firm’s flagship commingled APAC core-plus fund, Hines Asia Property Partners (HAPP), purchased a portfolio of… Read More>>
GIC Teams Up With Australia’s Centuria to Buy Brisbane Retail Precinct for $142M
GIC has agreed to acquire the West Village retail precinct in Brisbane with co-investor Centuria Capital Group for A$202 million ($142 million), as Singapore’s sovereign wealth fund continues to bet big on Australia ahead of the planned mid-year opening of… Read More>>
SC Capital Buys Queensland Industrial Site for Opportunistic Fund
SC Capital Partners has added to its Australian portfolio with the purchase of an industrial site between Brisbane and the Gold Coast for A$23.2 million ($16.6 million) on behalf of its Asia opportunistic fund.
Located in Stapylton within Queensland’s Yatala… Read More>>
Keppel REIT Bids Farewell to Brisbane Office Tower With $206M Half-Stake Sale
Singapore’s Keppel REIT is parting ways with its earliest Australian asset, a 31-storey Brisbane office building in which it holds a 50 percent interest.
The trust on Thursday announced the divestment of its half-stake in 275 George Street for an… Read More>>
KKR, Abu Dhabi Fund Back A$1B Logos Development Venture in Australia
Logistics specialist Logos is getting some heavyweight backing for a new development venture in Australia, as the firm announced today that it has partnered with KKR and Abu Dhabi’s Mubadala Investment Company to take on a development project in Queensland… Read More>>