Singapore sovereign giant GIC emerges as the preferred bidder for a set of three South Korea hotels, with that story leading today’s headline roundup. Also making the list, Canadian pension manager AIMCO closes its Lion City office and GuocoLand wins… Read More>>
Japan’s Sumitomo Enters Aussie Market via $516M Sydney Residential JV With Mirvac
Japan’s Sumitomo Corporation has made its maiden property investment in Australia by entering a 50:50 joint venture with real estate giant Mirvac on an A$830 million ($516 million) Sydney residential project.
The tie-up for the under-construction Highforest in Sydney’s northwest… Read More>>
Mitsui Fudosan Buys Two-Thirds Stake in $1.3B Sydney Office Project From Mirvac
Mitsui Fudosan has acquired a 66 percent stake in a Mirvac office project near the Sydney harbourfront with an estimated end value of A$2 billion ($1.3 billion).
Japan’s largest developer will co-own 55 Pitt Street with ASX-listed property giant Mirvac,… Read More>>
Singapore’s Keppel REIT Buys Half-Stake in Sydney Office Tower From Mirvac for $237M
Singapore-listed Keppel REIT is paying A$363.8 million ($237.09 million) to acquire a 50 percent stake in an office tower in central Sydney from a fund managed by Mirvac, confirming an earlier account by Mingtiandi.
The REIT’s manager announced on Monday… Read More>>
Singapore’s Keppel REIT in Talks to Buy Half-Stake in Sydney Tower From Mirvac
Keppel REIT continues to ramp up its presence Down Under with the Singapore-listed trust now in talks to buy into an office tower near Sydney’s Circular Quay owned by a Mirvac fund, according to market sources.
Keppel REIT is in… Read More>>
GIC Selling Aussie Trailer Park Operator Serenitas to Mirvac JV for $643M
Singapore’s sovereign wealth fund has agreed to sell Australian trailer park operator Serenitas for A$1 billion ($642.76 million), cashing in the low-cost housing venture as homes become increasingly unaffordable in the country’s major cities.
Mirvac Group announced this past week… Read More>>
Blackstone, Mirvac Sell Sydney Commercial Complex to Mitsubishi Venture for $494M
Japan’s Mitsubishi Estate has teamed up with a local investment firm to acquire a Sydney commercial tower equally owned by Blackstone and Mirvac for about A$777 million ($494 million), making Australia’s largest office buy so far this year.
Mirvac has… Read More>>
Hillhouse Reportedly Moving to Singapore’s MBFC and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, Bloomberg reports that Chinese private equity firm Hillhouse Capital is consolidating its Singapore offices into a single Marina Bay location, and buyout giant TPG prepares to acquire an Indian mortgage lender.
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CapitaLand’s CICT Spending $305M to Buy Third Sydney Office Project This Month
Singapore’s CapitaLand Integrated Commercial Trust Management Limited (CICT) is set to buy a half stake in a North Sydney commercial complex from fund management giant Nuveen for A$422.0 million ($305 million), in a deal marking the acquisition of its third… Read More>>
Ex-Goldman Manager Raises China Debt Fund and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, a former Goldman Sachs hand launches a fund to invest in distressed China property debt, Australia’s Mirvac snaps up Sydney-area land from a little-known Chinese-backed developer, and casino giant Crown Resorts open its… Read More>>