Asia real estate and outbound investment news
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>>
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>>
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>>
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>>
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>>
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>>
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.
The Aussie… Read More>>
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.
Controlled by… Read More>>
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>>
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.
The Hong Kong… Read More>>
