Sydney Archives - Mingtiandi

Singapore’s CapitaLand Ascott Trust Selling Pair of Sydney Hotels for $71M

Poonyapat Luenam — Mon, 06 Nov 2023 12:15:13 +0000

CapitaLand Ascott Trust has agreed to sell two Sydney hotels for A$109 million ($71 million), as part of what the trust’s manager describes as a portfolio restructuring effort, following its September deal to sell four French assets.

Located outside of... Read More>>

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GIC Buys Stake in Blackstone European Hotels, Takes 45% Haircut on Aussie Mall

Poonyapat Luenam — Wed, 01 Nov 2023 11:55:17 +0000

GIC announced on Tuesday its purchase from Blackstone of a 35 percent stake in Mediterranean luxury hotel owner Hotel Investment Partners (HIP) in a move to capitalise on the burgeoning resort market in southern Europe.

The acquisition puts 72 more... Read More>>

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Blackstone, Mirvac Sell Sydney Commercial Complex to Mitsubishi Venture for $494M

Beatrice Laforga — Tue, 17 Oct 2023 13:26:09 +0000

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>>

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Singapore’s Keppel Buys Pair of Sydney School Campuses for $125M

Beatrice Laforga — Mon, 16 Oct 2023 12:32:08 +0000

Singapore property heavyweight Keppel Corp has purchased a pair of school campuses in Sydney on behalf of its private education fund for a total of A$198 million ($125 million), the company announced late Thursday.

The company said its Keppel Education... Read More>>

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ESR Adds Logistics Site Near Western Sydney Airport Project for $45M

Michael Cole — Mon, 25 Sep 2023 11:40:03 +0000

Industrial specialist ESR is adding to its Australian pipeline with the acquisition of a site near the future Western Sydney airport for A$70 million ($45 million).

With 4.1 million square metres (44 million square feet) of warehouse space already developed... Read More>>

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PGIM Expands APAC Rental Housing Portfolio With China, Australia Deals

Christopher Caillavet — Mon, 18 Sep 2023 14:36:03 +0000

PGIM Real Estate has added to its Asia Pacific rental housing portfolio, with the US investment manager securing deals with local partners to acquire properties in Shanghai, Sydney and Brisbane.

In China’s commercial capital, PGIM led a joint venture to... Read More>>

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Mitsui Fudosan Expands Investment in $509M Frasers Project in Sydney

Beatrice Laforga — Wed, 06 Sep 2023 13:25:59 +0000

Singapore’s Frasers Property is deepening its Australian tie-up with Mitsui Fudosan with the Singapore-listed firm announcing today that it is expanding its residential joint venture with the Japanese development giant to A$797 million ($509 million) in investment value.

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Singapore’s Well Smart Picks Up $323M Sydney Hotel Project

Beatrice Laforga — Sun, 03 Sep 2023 10:25:01 +0000

Singapore-based Well Smart Investment Holdings is acquiring a Sydney hotel project from Chinese-owned developer ICD Property and local firm Belingbak with plans to repurpose the planned A$500 million ($323 million) hotel and residential tower as a hospitality-only development.

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Indonesia’s Karim Family Buys Former Bank of China HQ in Sydney for $34M

Beatrice Laforga — Thu, 31 Aug 2023 15:14:09 +0000

Invictus Developments has acquired the former Bank of China Australian headquarters in Sydney for A$52.5 million ($34 million) with plans to convert the 15-storey tower into a luxury hotel as the Singapore-based investment firm assembles a portfolio of Aussie hospitality... Read More>>

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PAG Completes $258M Sydney Office Buy, Hits $1.8B Close on Core-Plus/Value-Add Fund

Michael Cole — Mon, 07 Aug 2023 12:13:19 +0000

PAG has acquired an office tower in central Sydney for A$393.1 million ($257.8 million), with the Asian private equity major taking advantage of a downturn in the Aussie market to pick up the property at a discount.

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