Staff reporter at The Rent and Yield, covering Real Estate Investing.
Blackstone-backed Horizon Industrial Parks has raised $122.4 million from anchor investors ahead of a $272.5 million IPO. Other notable real estate news in the Asia Pacific region includes OpenAI eyeing office space at Singapore's Shaw Tower and China's Ping An Real Estate weighing a $600 million Sydney tower sale.
Weave Living and Aberdeen Investments have partnered to acquire a Tokyo apartment portfolio valued at $92 million, backed by Dutch pension manager PGGM.
Canada's Brookfield has acquired a 50-property rental apartment portfolio in Japan's major metropolitan markets, marking its entry into the country's multi-family sector.
The Canada Pension Plan Investment Board (CPPIB) has reported a 7.5% net return for the first quarter of fiscal 2027, with its net assets climbing 9% to C$863.6 billion ($623 billion).
Lendlease Group posted a A$749 million ($531 million) loss for the fiscal year ending June, a sharp decline from last year's A$225 million profit. The company attributes the loss to non-cash impairments, provisions, and reduced asset sales revenue. Despite challenges, Lendlease remains committed to its asset disposal strategy, with A$3.4 billion in sales completed and A$2.5 billion more in assets earmarked for divestment. While construction remains profitable, corporate costs and high debt level
Key appointments and departures in the Asia Pacific real estate industry.
GDS Holdings, China's largest data centre operator outside the state sector, has doubled its full-year 2026 sales target to 1 gigawatt after achieving record bookings in the first half.
The Urban Redevelopment Authority (URA) has launched tenders for two sites in Singapore, one in Marina South and the other near Orchard Road, with potential to yield a combined 500 homes.
CK Asset Holdings has reported a significant increase in property sales revenue, but a decline in development profit due to low-margin Hong Kong completions.
A Macquarie-led consortium has completed a $8.3 billion buyout of Australian ports operator Qube Holdings, while Minor International has delayed its $1 billion Thai hotel REIT plan due to market conditions.
Singapore's DayOne Data Centers has confidentially filed for a $5 billion US initial public offering, while CapitaLand Investment lists a $467 million Shanghai REIT and Growthpoint Properties Australia sells a Perth Airport warehouse to Hesperia for $189 million.
Gaw Capital Partners and Hong Kong's TVB are planning to develop an AI hub in the Sai Kung district through a joint venture.
Centurion Corporation, a Singapore-listed accommodation specialist, has reported a 31 percent year-on-year rise in revenue to S$184.9 million for the six months to June, driven by new worker beds and acquisitions in Singapore and Malaysia.
Warburg Pincus and Kio Investment Management are expanding their rental residential partnership to include purpose-built student accommodation, aiming to develop a $1.78 billion portfolio in Australia. The venture, seeded with a recently acquired Melbourne property, reflects growing demand for institutional rental housing in key cities.
Singapore's UOL Group leads the Asia Pacific real estate headlines with a 23% surge in first-half profit. Other notable developments include ESR and Indonesia's INA breaking ground on Jakarta logistics facilities, and South Korea's IGIS buying a Tokyo tower with Taiwan's APlus.
Digital Core REIT, a Singapore-listed data centre trust, has announced a strategic portfolio reshuffle, selling three North American assets to its sponsor, Digital Realty, for $316 million. The proceeds will fund partial ownership in a Singapore data centre and an increased stake in an Osaka facility, aiming to strengthen its Asian presence and improve financial metrics.
Singapore's sovereign wealth fund GIC is reportedly funding Investa's purchase of a $318 million Sydney office tower, marking a return to the city's office sector for the fund.
Senior executives from Investa and Charter Hall will be speaking at the upcoming Mingtiandi Australia Forum in Sydney on 15 September.
Singapore's City Developments Ltd (CDL) has reported a significant increase in profit for the first half of 2026, driven by the completion of several projects including the Lumina Grand executive condominium.
Singapore's CapitaLand Investment has earmarked S$7 billion to S$9 billion in non-core and legacy assets for potential sale after first-half attributable profit jumped 14 percent.