Asia Pacific real estate investment news and information
Australian build-to-rent platform Novus has tapped Japan’s Kanden Realty & Development to invest in a 190-unit BTR project in Melbourne, with the partners seeking to add much-needed supply to the local apartment market.
The 19-storey project, called Novus on Spencer,… Read More>>
Frasers Logistics and Commercial Trust has agreed to sell a Melbourne office tower for A$192.1 million ($124 million) as the Singapore-listed REIT turns its focus to industrial assets.
The 25-storey 357 Collins Street is changing hands at a mere 0.6… Read More>>
PGIM Real Estate has partnered with Australia’s Assembly Funds Management to acquire a Melbourne mall from Queensland Investment Corporation for A$440 million ($286 million), the latest in a series of Down Under buys for the US property player.
Woodgrove Shopping… Read More>>
Frasers Logistics and Commercial Trust is in late-stage talks to sell a central Melbourne office tower at a price close to A$200 ($129 million), according to market sources.
The prospective buyer of 357 Collins Street is in exclusive due diligence… Read More>>
M&G Real Estate has acquired a purpose-built student accommodation asset in Melbourne for $61.8 million, marking the fund manager’s first investment in Australia’s booming PBSA market.
The property unit of London-listed M&G picked up Park Avenue in the inner suburb… Read More>>
Hines has made a strategic shift from developing Australian rental residential assets in favour of purchasing properties with near-term income potential, the US developer and fund manager said Tuesday, after local media suggested the company was retreating from the build-to-rent… Read More>>
Tuan Sing Holdings has submitted a planning application to redevelop the retail podium of the Grand Hyatt Melbourne, which the Singapore-based firm owns.
Tuan Sing seeks to revitalise 121-131 Collins Street and 23-25 George Parade, currently comprising the 550-room Grand… Read More>>
Malaysia’s Sime Darby has purchased a car park near Melbourne’s Queen Victoria Market from the Lim family behind Singapore construction firm Evan Lim & Co and EL development for A$115 million ($76 million).
In a deal hailed as the largest… Read More>>
ASX-listed construction giant Lendlease and Australia’s largest owner-operator of student housing, Scape, have received final approval for their A$1.7 billion ($1.2 billion) transformation of Queen Victoria Market in central Melbourne.
The mixed-use project, featuring 1,100 beds for university students and… Read More>>
Industrial giant ESR has teamed up with Mitsubishi Estate on a joint venture that will see the Japanese builder invest in an Australian project with an end value of A$175 million ($113 million).
The project forms part of a 25.1… Read More>>
