Hong Kong-listed ESR and Singapore’s Frasers Property are teaming up to develop an A$900 million ($595 million) industrial estate in suburban Melbourne as global investors look to Australia’s logistics market as a reliable source of returns in a challenging market.
Fosun Said Reviving $1B Sale of Hong Kong’s Peak Re and More Asia Real Estate Headlines
Shanghai’s Fosun leads today’s headline roundup with a report that the conglomerate plans to put Hong Kong-based Peak Reinsurance back on the market after an earlier attempt fizzled. Also making the list, Manulife US REIT’s distributable income drops 13.3 percent… Read More>>
Mitsui Fudosan Expands Investment in $509M Frasers Project in Sydney
Singapore’s Frasers Property is deepening its Australian tie-up with Mitsui Fudosan, with the Singapore-listed firm announcing that it is expanding its residential joint venture with the Japanese development giant to A$797 million ($509 million) in investment value.
The Aussie arm… Read More>>
AirTrunk Starts Next Phase of 2nd Tokyo Facility and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, Australia’s AirTrunk begins construction on the second phase of its second Tokyo data centre, and Singapore’s Hong Heng Mansions launches a collective sale.
AirTrunk Breaks Ground on Second Phase of… Read More>>
Singapore’s Frasers Buying Pair of Sydney Office Buildings From Dexus Industria REIT For $106M
The Australian arm of Frasers Property is acquiring a pair of Sydney business parks from Dexus Industria REIT for a discounted price of A$160.5 million ($106.2 million) as the Singaporean heavyweight continues to boost its global presence.
Frasers Property Australia… Read More>>
Japan’s Mitsui Fudosan Backs Frasers’ Sydney Condo Project in Aussie Debut
Japan’s largest property developer Mitsui Fudosan has made its first foray into Australia by investing in Frasers Property’s A$2.1 billion ($1.5 billion) urban renewal project in Sydney’s North Shore area, according to a release.
As a capital partner, the Tokyo-listed… Read More>>
Hang Seng Bank Rents Central Shop at 45% Discount and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, Hang Seng Bank prepares to rent an Adidas-vacated space in Hong Kong’s Central at a deep discount, SJM’s Angela Leong consolidates her ownership of a Macau hotel and casino, and apartment developer Greystar… Read More>>
SC Capital Partners Acquires Aussie Retail Portfolio for A$175M
SC Capital Partners has teamed up with Australia-based Fortius Funds Management to buy three shopping centres in Sydney for A$174.5 million ($118 million) from a joint venture between Frasers Property Australia and Sekisui House.
The Singapore-based private equity firm, which… Read More>>
Frasers-ESR Sell Melbourne Office Project to Ascendas REIT for A$111M
Singapore-listed Ascendas REIT will soon be adding a fourth Australian office property to its portfolio after the real estate investment trust’s manager announced last week that it had agreed to acquire a Melbourne development project.
Ascendas Funds Management, a unit… Read More>>
Blackstone India REIT to Raise $523M in Bonds and More Asia Real Estate Headlines
Stories from Bangalore to Brooklyn make their way into Asia’s real estate world today – with a brief stop over in the Bay Area (just the standard Bay Area, without any proclamations of Great-ness).
In Bangalore, Blackstone-backed Embassy Office Parks… Read More>>