In today’s review of real estate news from around the region, a BlackRock private credit fund records its first Asia default after a Shanghai cold-chain operator fails to repay a $27.5 million loan, GLP Japan’s Tokyo logistics hub is estimated… Read More>>
Digital Realty Opens 3rd Data Centre at Greater Tokyo Campus and More APAC Real Estate Headlines
In today’s review of real estate news from around the region, Digital Realty opens its third data centre at its NRT campus near Tokyo as the site approaches 100 megawatts of IT capacity, Hanwha Vision buys the Bundang Humax Village… Read More>>
PGIM Melbourne Logistics JV Stalls at Final Hurdle and More APAC Real Estate Headlines
PGIM Real Estate’s plan to redevelop a Melbourne last-mile logistics site has hit a wall as the property’s major tenant, Woolworths, elects to stay put, while the embattled developer of a landmark office tower in Sydney’s city centre vows to… Read More>>
Chair of Singapore’s CDL Drops Suit Against CEO Son and More Asia Real Estate Headlines
CDL supremo Kwek Leng Beng and son Sherman bury the hatchet after their boardroom tussle, with that story leading today’s headline roundup. Also making the list, Blackstone adds to its Aussie shed holdings and Ares Management reportedly eyes a purchase… Read More>>
GDS Said Considering US IPO for International Unit and More Asia Real Estate Headlines
Chinese data centre operator GDS explores a US listing of its international DayOne unit, with that story leading today’s headline roundup. Also making the list, Australian fund manager Elanor seeks buyers for hotel assets and a Melbourne skyscraper project faces… Read More>>
Ex-Wife of Evergrande Boss Has $285M in Properties and More Asia Real Estate Headlines
China Evergrande is back in the news today as creditors of the bankrupt developer target assets held by the ex-wife of the company’s founder. Hong Kong is also in the news with the city further easing mortgage rules to support… Read More>>
PGIM in JV With Australia’s Elanor to Buy Melbourne Logistics Site
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>>
Japan’s Kajima Backs $168M Elanor Shed Venture in Australia
Elanor Investors Group has set up a joint venture with Japan’s Kajima Corporation to develop an Australian logistics portfolio with a target value of A$250 million ($167.8 million).
The tie-up with Kajima’s Icon Developments unit is set to kick-start the… Read More>>
ADIC Backs Elanor Buyout of Challenger Real Estate in Australia
Elanor Investors Group has received a commitment from the Abu Dhabi Investment Council (ADIC) supporting its acquisition of a real estate business managing A$3.4 billion ($2.3 billion) in assets.
As part of a deal announced two months ago for Sydney-based… Read More>>
Malaysia’s PNB Said to Back $214M Investment in Elanor Healthcare Property Fund
Australia’s Elanor Funds Management has reportedly received help from Malaysian asset manager Permodalan Nasional Berhad to complete the A$289 million ($214 million) recapitalisation of the Elanor Healthcare Real Estate Fund.
The capital injection will provide a full liquidity event for… Read More>>