In today’s review of real estate news from around the region, Indonesia’s Sinar Mas snaps up Burberry’s London headquarters from Derwent London, Microsoft pledges $5.5 billion to expand Singapore’s cloud and AI infrastructure, and DayOne Data Centers commits $6.9 billion… Read More>>
Wing of Incheon Hyatt Sells for $145M and More APAC Real Estate Headlines
A Korean hotel deal leads today’s look at real estate headlines from around Asia Pacific, as a casino operator adds half of a Hyatt to its Incheon footprint. Also in the news are a Gaw Capital logistics JV in the… Read More>>
Morgan Stanley Buys Half-Stake in $380M Frasers Aussie Shed Portfolio
The real estate investment arm of banking giant Morgan Stanley has formed a 50:50 joint venture with Frasers Property to invest in an Australia industrial portfolio developed by the Singapore-based firm and valued at A$600 million ($380 million).
The set… Read More>>
ESR, Frasers Take on $595M Melbourne Logistics JV on Former Salta Site
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>>