US fund manager Lone Star closes on $2.7 billion for value-add plays in Japan and the West, with that story leading today’s headline roundup. Also making the list, China investigates a high-profile wealth management firm and Australia’s caps on foreign… Read More>>
Lendlease, Scape Secure Final Approval for $1.2B Melbourne Redevelopment Project
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>>
Australia’s Scape Raises $2B in Debt as Student Housing Market Surges
Australia’s largest owner and operator of student housing Scape has closed on A$3 billion ($2 billion) in fresh debt financing, with part of the offering nearly three times oversubscribed amid growing appetite for purpose-built student accommodation (PBSA) in the country.
APG, Ivanhoe Cambridge Back Scape in $658M Aussie Student Housing JV
Australia’s largest owner and operator of student housing is about to move up a grade with Scape announcing today that it has formed a fresh A$1 billion ($658 million) joint venture with the Netherlands’ APG Asset Management and Canadian pension… Read More>>
Aussie BTR Sector Primed for Consolidation as Market Favours Scale: MTD TV
Australia’s build-to-rent (BTR) sector is primed for consolidation as high operating costs create opportunities for larger players to gain a market edge through economies of scale, according to senior executives from Local: Residential, Sentinel, Scape and Aware Super. Watch… Read More>>
Local: Residential, Sentinel, Scape, Aware Super to Explore Australia BTR on Thursday
Mingtiandi’s APAC Residential Forum concludes Thursday with a panel discussion on Australia’s build-to-rent market, where acquisitions of income-earning properties nearly doubled last year to top $2 billion.
The one-hour programme on MTD TV will feature Dan McLennan, founder and co-CEO… Read More>>
Panel: Australian BTR Investment Mingtiandi APAC Residential Forum 2024
Australia remains a prime target for investors from Japan, Singapore and other Asian hubs step up their commitments to the sector at the same time that many institutions from North America and Europe go into ‘wait-and-see’ mode.
With the country… Read More>>
Scape Principals Team With APG, Bouwinvest for 10,000-Unit Aussie BTR Venture
The principals of Scape Australia, Stephen Gaitanos and Craig Carracher, have formed a A$1.5 billion ($980 million) partnership with Dutch fund managers APG and Bouwinvest to develop and acquire assets in the emerging build-to-rent sector Down Under.
The fresh joint… Read More>>
Rush Desai’s Varsity Group APAC Hires Former MSCI Exec in Singapore
Rush Desai is adding some senior talent to his team at Varsity Group Asia Pacific in Singapore, with the company announcing late last week that it has hired former MSCI executive Varun Malik as director of business development.
“Varun will… Read More>>
Australian Housing Crisis Creates Opportunity for Institutional Investors: MTD TV
https://player.vimeo.com/video/810787847?h=535d556263Video can’t be loaded because JavaScript is disabled: Mingtiandi APAC Residential Forum 2023: Residential Investment in Australia (https://player.vimeo.com/video/810787847?h=535d556263)
Australian housing prices have fallen by nearly a tenth in the past 12 months, but rising construction costs… Read More>>