Hongkong Land Targets $1 Billion in Tokyo Property Deals

Hongkong Land is in discussions to enter Japan's property market with transactions exceeding $1 billion. The Jardine Matheson subsidiary is targeting mixed-use complexes in prime Tokyo locations, according to people familiar with the matter.

This strategic push aligns with its parent company's broader shift towards becoming an investment firm. However, the sources noted that Hongkong Land has faced difficulties securing a suitable property or partner within Japan's current challenging investment cycle.

IOI Properties Finalizes $2B Singapore Tower Buy

Malaysia's IOI Properties Group has exercised its option to acquire Asia Square Tower 2 in Singapore's Marina Bay. The company will purchase the office tower from CapitaLand Integrated Commercial Trust for S$2.5 billion, equivalent to $2 billion, a Singapore Exchange filing confirmed.

The transaction was initially announced in April as part of a larger asset swap. In that deal, the trust acquired the freehold Paragon mall on Orchard Road for S$3.9 billion. Completion of the Asia Square Tower 2 sale is anticipated for mid-September 2026.

Dexus Seeks Investor for Sydney Atlassian Tower

Australian real estate firm Dexus is looking for a A$300 million equity investment for its Atlassian Central tower in Sydney. CEO Ross Du Vernet revealed the company seeks $215 million from investors for the nearly complete project.

Dexus owns a 65 percent stake in the 39-storey development, with NASDAQ-listed tech company Atlassian holding the remaining 35 percent. Atlassian has leased the space for 15 years with fixed annual rent increases of 4 percent. This capital raise forms part of Dexus's broader plan to release over A$2 billion in capital.

Other Asia Pacific Investment Headlines

The source report from Mingtiandi included several other major real estate and infrastructure investment deals across the region.

India's National Investment and Infrastructure Fund secured $2 billion for the first close of its second infrastructure fund. This amount represents over 60 percent of its $3.2 billion target. The fund has attracted global backers including AustralianSuper, the Canada Pension Plan Investment Board, and Temasek, alongside major Indian banks.

Kuwait's Wren House Infrastructure Management is close to finalizing a deal to acquire GIC's 80 percent stake in a European data centre joint venture. The transaction is valued at approximately €700 million, or $811.8 million. The venture, formed with Equinix in 2019, operates under the xScale brand across Europe.

In another Indian transaction, Canada's La Caisse invested $1.3 billion for a 24 percent stake in Altius Telecom Infrastructure Trust. Altius owns and operates more than 258,000 telecom towers across India, supporting the country's vast 4G and 5G networks. Brookfield remains the largest investor in the platform.

TPG-backed healthcare provider Asia OneHealthcare has confidentially filed for an initial public offering in Kuala Lumpur. The listing could raise up to MYR 10 billion, which would be Malaysia's largest IPO since 2012, according to people familiar with the filing.

In Japan, Pacifica Hotels signed a franchise agreement with Marriott International to open the Westin Hokkaido Furano Resort. The 195-room property, currently under construction, is scheduled to open in 2029 in the popular ski and summer destination.