Asia real estate and outbound investment news
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 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-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>>
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>>
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>>
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>>
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.
Read More>>
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>>
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>>
China’s sovereign wealth fund is abandoning its deal to purchase a 50 percent stake in Sydney’s Grosvenor Place office tower, with US private equity giant Blackstone reportedly stepping into the void as the buyer at similar price terms.
China Investment… Read More>>
