Australia’s Macquarie Asset Management is making its biggest bet ever on its home market, with news of that $7.5 billion deal leading Mingtiandi’s headline roundup today. Also making the list are a new offer for a Singapore auto showroom and… Read More>>
Digital Edge Lands $325M for Indonesia Data Centre and More Asia Real Estate Headlines
Data centres lead the way again today as Stonepeak-backed Digital Edge raises $325 million in financing for its Indonesia business. Also in the news, ex-ARA boss John Lim has learned to love Chinese budget hotels and institutional investors go cool… Read More>>
New World Seeks Rent Cut on Hong Kong Airport Mall and More Asia Real Estate Headlines
New World Development leads this Monday collection of headlines from around the region, as the embattled builder seeks relief from rent guarantees at its Hong Kong airport mall. Also in the news, Singapore’s Metro Holdings says no deal has been… Read More>>
Macquarie-Sponsored UI Boustead REIT Aims for Singapore IPO with $1.5B Portfolio
A Macquarie Asset Management-controlled fund manager is packaging up 23 properties valued at a combined S$1.9 billion ($1.48 billion) as the initial portfolio of a Singapore-listed real estate investment trust, according to an announcement late Thursday.
UIB Holdings Ltd, which… Read More>>
Brookfield in Talks to Sell Seoul Warehouses to KKR and More Asia Real Estate Headlines
Seoul’s growing role as a real estate investment hub is evident again today as Brookfield and KKR near a $720 million logistics deal, with news of those negotiations leading Mingtiandi’s headline roundup. Also in the news, CapitaLand upsizes its China… Read More>>
Macquarie-Backed UIB Proposes Singapore Industrial REIT
A half-year after having been established as a regional industrial real estate platform based in Singapore, a Macquarie-backed venture has filed to list a real estate investment trust on the city-state’s stock exchange.
UIB, a Macquarie Asset Management controlled company… Read More>>
Local Residential Clinches Management Rights for ADIC’s Gold Coast BTR Complex
Local Residential, the build-to-rent platform backed by Macquarie Asset Management, has completed its acquisition of the management rights for Australia’s largest BTR property, establishing a presence in Queensland for the Melbourne-based company.
The contract for Smith Collective, a 1,252-unit complex… Read More>>
New World Denies Financing Talks With Blackstone and More Asia Real Estate Headlines
New World Development’s shares surged by up to 16 percent and dollar bonds rallied after reports of a potential $2.5 billion financing deal, leading today’s Asia real estate headlines. Also in the news, CapitaLand Ascendas REIT completed its $390 million… Read More>>
Ong Beng Seng Mulls Sale of Stakes in Orchard Projects and More Asia Real Estate Headlines
Singapore’s HPL leads today’s property headlines as it seeks to sell majority stakes in two Orchard Road assets. Also in the news, Hong Kong’s Law Society snaps up a floor at The Center for half off, Macquarie raises $711 million… Read More>>
Macquarie AM Buying Two Europe Student Housing Operators to Create 12,000-Bed Platform
Macquarie Asset Management is placing a bet on purpose-built student accommodation in Europe, with the Australian firm having agreed to acquire and combine two specialist platforms in the red-hot asset class.
The merger of BaseStack Living and Milestone will create… Read More>>