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Ascendas REIT buys Galaxis property stake for US$72m

Singapore-listed Ascendas REIT has purchased a 25% stake in Singapore's Galaxis building from a subsidiary of Japan's Mitsui & Co for S$102.91m (US$72.4m), reflecting...

Pierfront raises US$200m for APAC private credit fund

Singapore-based fund manager Pierfront Capital has raised US$200m in the first close of a new private credit fund, which will provide financing to real...

ESR launches US$616m Australian logistics partnership

Hong Kong-listed logistics developer and fund manager ESR has launched a A$1bn (US$616.5bn) Australia-focused logistics partnership, as it embarks on its largest capital raising...

Link, Suntec secure green loans totalling A$662m

Hong Kong-listed Link REIT has secured a A$212m (US$127m) sustainability-linked loan, just days after Singapore's Suntec REIT obtained A$450m (US$269m) in green financing. Singapore bank...
M&A

Allianz Real Estate, Pimco form $100bn property unit

German insurer Allianz has announced plans to combine property specialist, Allianz Real Estate, and fixed income investment manager, Pimco, into a leading real estate...
Seoul

CBRE Global Investors raises US$900m for Asia Pacific value-add fund

CBRE Global Investors has raised US$900m in the final closing of its latest Asia Pacific-focused value-add property fund, CBRE Asia Value Partners V (AVP...

German BVK adds logistics asset to Japanese portfolio

CBRE Global Investors and Universal-Investment have bought a new prime logistics property near Kobe in Japan on behalf of German pension fund Bayerische Versorgungskammer...

ARA, Quadreal buy Melbourne office project under new JV

Singaporean-based ARA Asset Management and Canadian institutional investor QuadReal Property Group have acquired an office development in Melbourne, as part of a new Australian...

Australia’s National Storage REIT draws third takeover bid

Australian-listed National Storage REIT (NSR) has announced it has received a takeover offer from Warburg Pincus, joining bids from Gaw Capital Partners and Public...
Research

Asia Pacific commercial property deals slide 8% in 2019: RCA

Asia-Pacific commercial real estate investment dipped 8% to US$158.5bn in 2019, driven by a lack of entity-scale deals and the slump in Hong Kong. According...