SLB Development on Thursday announced its acquisitions of a Singapore commercial complex and a Melbourne office building for a total of $46 million.
SLB has agreed to buy 30 and 31 North Canal Road, a pair of four-storey buildings near… Read More>>
CapitaLand Investment Buys Melbourne Office Tower From CBRE IM for Reported $233M
CapitaLand Investment has acquired a 22-storey office tower in Melbourne’s central business district for the company’s flagship regional core-plus fund.
The purchase of 120 Spencer Street marks the fifth acquisition in Australia in six months for the SGX-listed asset management… Read More>>
ESR Secures Anchor Tenant for Melbourne Green Logistics Hub
ESR Australia has kicked off development of a logistics project occupying a 79 hectare (195 acre) site in suburban Melbourne and secured France-based CEVA Logistics as an anchor tenant, according to its top official.
Best known as the shipping provider… Read More>>
Brookfield Buys Melbourne Site to Kick Off $370M Aussie Student Accommodation JV
Brookfield Asset Management has entered the student accommodation market in Australia, kicking off its first development project in Melbourne under a portfolio that it aims to grow to over A$500 million ($370.5 million) as the country reopens its borders to… Read More>>
Hong Kong’s Link REIT Pays $428M for Half-Stake in Oxford Properties Aussie Portfolio
Hong Kong’s Link REIT has agreed to make its second Australian investment in just over two months, with Asia’s largest real estate investment trust announcing today that it is investing A$596 million ($428.2 million) for a 49.9 percent stake in… Read More>>
KKR, Mubadala Backing New Logos Projects in Sydney and Melbourne
Logos has acquired an industrial site in suburban Sydney and another in Melbourne under the Australian developer’s partnership with private equity major KKR and Abu Dhabi’s Mubadala Investment Company.
The partners will develop the two properties into multi-unit logistics estates… Read More>>
Ho Bee Land Claims HNA Melbourne Asset and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, the restructuring scheme for failed Chinese conglomerate HNA hits a snag in Australia, Singapore’s Keppel Capital plans to convert a Seoul hotel into an office building, and logistics developer Goodman raises its full-year… Read More>>
HNA Melbourne Prize Seized by Receivers and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, failed Chinese conglomerate HNA’s conference centre in Australia is seized by receivers, a Singapore-listed REIT picks up a Florida office building, and indebted developer Evergrande seeks liquidity from a bottled water IPO.
Korea’s NPS Acquires Melbourne Quarter Tower From Lendlease for $900M
The National Pension Service of South Korea has acquired a 100 percent interest in the 34-storey Melbourne Quarter Tower from Australian developer Lendlease for a reported A$1.2 billion ($900 million).
The largest and last of three office towers in Lendlease’s… Read More>>
Baring, Singapore’s SLB Stitch Up Melbourne Commercial Tower for $159M
Hong Kong’s Baring Private Equity Asia (BPEA) has teamed up with a Singapore-listed developer to back an A$206 million ($159.5 million) consolidation of a commercial building in central Melbourne.
BPEA, together with Matthew Ong’s SLB Development and local partner Futuro… Read More>>
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