Singapore’s Mercatus Co-operative will head Down Under to make its first acquisition outside the city-state, joining forces with Dexus, Australia’s biggest office landlord, to buy a 33.3 percent stake in a well-known Sydney commercial tower for A$375 million ($288.1 million).
Ascendas REIT Buying Sydney Office Park for $218M
Ascendas REIT has added a fifth Australian office park asset to its portfolio, as the Singapore-listed trust bets on continued demand for suburban commercial assets in the wake of the COVID-19 pandemic.
Ascendas Funds Management, which manages the $9.7 billion… Read More>>
CIC Nabs Half of Sydney’s Grosvenor Place Office Tower for $674M
Things are heating up as the Australian summer approaches, with China’s sovereign wealth fund paying A$925 million ($674 million) to purchase a 50 percent stake in Sydney’s Grosvenor Place office tower in 2020’s biggest commercial property deal Down Under.
The… Read More>>
Hong Kong’s MTR Sells Last Lohas Park Site for HK$20B and More Asia Real Estate Headlines
A Hong Kong land sale leads today’s real estate news from around the region, with a trio of local developers teaming up with Shenzhen’s China Merchants Land to purchase the last phase in the MTR’s Lohas Park project.
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Ascendas REIT Buys Sydney Office Project From Frasers JV for A$167.2M
Singapore’s Ascendas REIT is picking up an office project in suburban Sydney, marking the second acquisition by an SGX-listed trust in the Macquarie Park area in less than a week.
The REIT managed by Singapore’s CapitaLand has agreed to purchase… Read More>>
Keppel REIT Buys Sydney Office Park Asset From Goodman for A$306M
The manager of Singapore’s Keppel REIT announced today that it has agreed to acquire an office building in suburban Sydney for S$306 million ($223 million), adding a sixth Australian commercial asset to its portfolio.
The SGX-listed trust is acquiring a… Read More>>
Ascendas REIT Buys Sydney Logistics Project for S$21M and More Asia Real Estate Headlines
The latest investment in Australia by a Singapore-listed fund leads today’s collection of real estate headlines here on Mingtiandi, as Ascendas REIT adds a new logistics project to its Aussie portfolio.
Also in the news, as its… Read More>>
Getting Sydney’s ‘Grand Old Dame of Retail’ Ready for 2030 Sponsored Feature
In April 2020, the redeveloped David Jones Elizabeth Street flagship store in Sydney, Australia, opened to the public. Here, Terence Seah, Head of Benoy’s Singapore Studio, considers the history and significance of this iconic building, and explains how Benoy has… Read More>>
Oyo Said Cutting 60% of China Workforce and More Asia Real Estate Headlines
A Softbank-backed hotel platform leads the way in Mingtiandi’s roundup of Asia real estate headlines today with a report that the Indian firm plans to cut 60 percent of its workforce in China.
In other news around the region, a… Read More>>
SC Capital Buys Aussie Office From BlackRock for A$127M
SC Capital Partners has purchased an office building in North Sydney from BlackRock for A$127 million ($83 million), as the Singapore-based private equity shop adds another Aussie asset to its portfolio.
Thai financier Suchad Chiaranussati’s firm said that it had… Read More>>
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