Logos completes first close for new US$800m Chinese logistics JV

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Australian-based logistics developer and investor Logos Property has completed the first close of a new US$800m logistics development venture in China with Canadian investor Ivanhoé Cambridge and Dutch investment manager Bouwinvest. The LOGOS China Logistics Venture 4 is backed by the two institutional investors, as well as an unnamed GCC-based (Gulf Cooperation Council) investor, the […]

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Japan Retail Fund sells Sendai mall for US$89m

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Japanese retail REIT Japan Retail Fund (JRF) has disposed of a suburban mall in the city of Sendai to an unnamed buyer for JPY 9.92bn (US$89.3m). The AEON Sendai Nakayama shopping centre has more than 43,000 sq.m. of floor area across three buildings, the seller said in an announcement. It is located 6km north of the […]

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AXA, Allianz JV buys Australia's largest purpose-built student housing portfolio

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A joint venture backed by Allianz Real Estate, AXA Investment Managers – Real Assets, APG and Scape Australia has agreed to buy Urbanest, the owner of Australia’s largest purpose-built student accommodation portfolio. Urbanest Darling House, Sydney The portfolio has 6,805 beds across 14 operational assets located in Sydney, Melbourne, Brisbane and Adelaide, and will be […]

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ESR raises US$1bn for new South Korean logistics JV

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Hong Kong-listed logistics developer and fund manager ESR has raised US$1bn in equity for a new joint venture to develop logistics properties in South Korea. ESR has partnered with Dutch pension fund APG and Canada Pension Plan Investment Board (CPP Investments) for the ESR-KS II venture, which will have as much as US$2bn in investment […]

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ESR buys Tokyo site for US$1bn mega logistics park

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Logistics real estate platform ESR has purchased a plot in the Greater Tokyo area and plans to invest more than US$1bn to develop it into one of the biggest logistics parks in Japan. The initial phase of the ESR Yokohama Distribution Centre will feature two modern, four-storey logistics warehouses totalling 393,226 sq.m. in gross floor […]

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Australian Vicinity picks Peter Huddle for COO

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Australia retail landlord Vicinity Centres has appointed former Unibail-Rodamco-Westfield executive Peter Huddle to the newly created role of COO. Huddle will start in the new executive committee position in April this year following an international search, the company said in a statement. He was the COO of URW in the US following Unibail Rodamco’s acquisition […]

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InfraRed NF arranges US$92m mezzanine loan

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InfraRed NF has provided a US$92.2m mezzanine loan to Hong Kong-listed property developer Fullsun International, securing the deal in less than two months. Fullsun, the offshore listed vehicle of mainland China developer Fusheng Group, will use the financing to fund further construction and purchase projects from smaller developers. The financing was secured against a portfolio […]

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Mapletree raises US$446m for private Australian office trust

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Singapore-based real estate asset manager Mapletree Investments has raised A$654m (US$446m) for its new private Australian office fund, targeting a 12% IRR and growing net cash yields. 111 Pacific Highway, North Sydney The MASCOT Private Trust owns a A$1.4bn portfolio comprising 10 grade A office assets across Sydney, Melbourne, Adelaide, Brisbane and other cities, the […]

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Singapore’s EC World REIT to buy Hangzhou logistics property for US$164m

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Singapore-listed EC World REIT has agreed to buy a three-storey e-commerce warehouse and two 14-storey offices in the Chinese city of Hangzhou for a combined S$223.6m (US$164m). The Fuzhou E-Commerce property, located at 9 Mingxing Road in the Fuyang district, features 171,795 sq.m. of warehouse space and 42,489 sq.m. of office and auxiliary area, the […]

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