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>>
1MDB Fugitive Jho Low Tracked Down in Shanghai and More Asia Real Estate Headlines
Malaysian fraud suspect Jho Low leads today’s collection of real estate headlines from around Asia with an investigative report placing the 1MDB fugitive in Shanghai. Also in the news, an Indonesian heiress buys a pricey bungalow in Singapore an a… Read More>>
Digital Realty Launches JV With Bersama to Enter Indonesia Data Centre Market
Digital Realty has formed a 50:50 joint venture with Singapore’s Bersama Digital Infrastructure Asia to develop and operate data centres across Indonesia, marking the US giant’s entry into Southeast Asia’s biggest economy.
The JV took over two Jakarta facilities held… Read More>>
Macquarie-Backed Unified Industrial, Singapore’s Boustead Creating $3.5B Logistics Platform
Unified Industrial, a regional developer and fund manager backed by Macquarie Asset Management, has agreed to acquire the property and fund management business of SGX-listed Boustead Singapore to create a new platform with $3.5 billion in assets under management across… Read More>>
Macquarie-Backed Local Residential Unveils $168M Melbourne Project
Local Residential, the Australian build-to-rent platform backed by Macquarie Asset Management, has announced an apartment project in central Melbourne with a completed value of A$270 million ($167.8 million).
The development in the inner suburb of Southbank, just south of the… Read More>>
Macquarie Said Selling Seoul Hotel to KB AMC for $119M and More Asia Real Estate Headlines
Australian investment giant Macquarie is close to selling a Seoul hotel to KB Asset Management, with that report leading today’s headline roundup. Also in the news, a KKR-managed REIT acquires a western Tokyo logistics site and Singapore’s UOL teams with… Read More>>
Macquarie to Launch Japan Infrastructure REIT and More Asia Real Estate Headlines
Australia’s Macquarie Asset Management is set to introduce Japan’s first publicly offered trust investing in private infrastructure, with that story leading today’s headline roundup. Also making the list, Hong Kong’s Henderson Land lays out a plan for a dozen project… Read More>>
Macquarie Asset Management to Invest Up to $5B in Crypto Firm Turned Data Centre Startup
Less than a month after selling its majority stake in Asia Pacific server-hosting giant AirTrunk, Macquarie Asset Management has agreed to provide up to $5 billion in funding for US data centre startup Applied Digital.
Under the deal terms, a… Read More>>