Florence Chong

Asia Pacific Correspondent at IPE Real Assets

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Articles

CapitaLand and Chinese insurer launch RMB5bn China fund

2 weeks ago | realassets.ipe.com | Florence Chong

CapitaLand Investment and a Chinese insurance company are to invest RMB5bn (€613m) to establish a real estate master fund in China. CapitaLand said the unnamed Chinese institution has taken up a majority stake in the CLI RMB Master Fund which will invest in a series of sub-funds, managed by CapitaLand. These sub-trusts will acquire high-quality, income-producing assets with long-term growth potential, including business parks, retail, rental housing and serviced residences.
Australian logistics developer Hale secures A$205m Nuveen loan

2 weeks ago | realassets.ipe.com | Florence Chong

Warburg Pincus and Oxford Properties-backed Australian logistics developer Hale has secured a A$205m (€118m) senior loan from Nuveen for a multi-storey logistics project in Rosehill, Western Sydney. The 49,173sqm net lettable area multi-storey logistics facility, currently under construction, is expected to be completed by mid-2026.
Brookfield buys Singapore business parks from Mapletree for A$535m

3 weeks ago | realassets.ipe.com | Florence Chong

Brookfield Asset Management has bought two business parks and an industrial building in Singapore from Mapletree Industrial Trust (MIT), for A$535.3m (€369m). The acquisition of the 1.8m sqft Strategy and The Synergy business parks, located in the International Business Park, in Singapore’s West, marks Brookfield’s first investment in the city-state.
Lendlease in residential development partnership talks with Crown Estate

3 weeks ago | realassets.ipe.com | Florence Chong

Lendlease has confirmed talks with The Crown Estate to form a UK residential development joint venture, following media speculation. Lendlease said “negotiations are in the late stages” to enter a 50:50 joint venture to develop six London projects, which are part of its development portfolio.
Frasers Property offers S$1.4bn to privatise Frasers Hospitality REIT

3 weeks ago | realassets.ipe.com | Florence Chong

Frasers Property, controlled by Thai billionaire Charoen Sirivadhanabhakdi, has made a S$1.37bn offer (€941m) to privatise Frasers Hospitality Real Estate Investment Trust (FHT). The company has offered to pay 71 Singapore cents per share for FHT securities, representing a 7% premium to its last traded price of 66.5c before going into trading halt on Tuesday.
Gaw Capital makes UAE debut with $150m property deal

3 weeks ago | realassets.ipe.com | Florence Chong

Gaw Capital Partners has entered the United Arab Emirates with the acquisition of a US$150m (€135m) residential complex. The Hong Kong-based real estate firm has acquired Aldar’s seven low-rise Mamsha Gardens buildings project located on Saadiyat Island.
Dyno Nobel sells Australian industrial site for A$194m

3 weeks ago | realassets.ipe.com | Florence Chong

Global industrial group Dyno Nobel has agreed to sell an industrial site in Australia to a subsidiary of an ASX-listed property developer, believed to be Goodman Group, for A$194m (€112m). The Gibson Island site, located in the Brisbane suburb of Murarrie, is where the company, previously known as Incitec Pivot, stopped fertiliser production last year, ending over half a century of operation.
Australia property manager ISPT acquires Northshore Marketplace mall

1 month ago | realassets.ipe.com | Florence Chong

Australian property manager ISPT has acquired the Northshore Marketplace shopping centre in Northern Queensland from Clarence Property. The asset acquired on behalf of the ISPT Retail Australia Property Trust (IRAPT), allows ISPT to grow its exposure to the key Townsville growth corridor while strengthening its footprint of Woolworths supermarkets within its portfolio, according to the manager.
CBRE IM backs Scape Australia’s core student accommodation fund

1 month ago | realassets.ipe.com | Florence Chong

CBRE Investment Management’s indirect private real estate strategy (CBRE IM Indirect), has committment capital to Scape Australia’s open-ended core purpose-built student accommodation (PBSA) fund. The fund currently has a portfolio of 33 operational PBSA assets with 16,300 beds in four capital cities. The incremental equity would be deployed to grow the PSBA fund through a merger with six Scape Australia developed assets and two development sites valued at A$2bn.
Mitsubishi joins consortium for Philippines clean energy project

1 month ago | realassets.ipe.com | Florence Chong

Mitsubishi Corporation and its subsidiary, Diamond Generating Asia (DGA), have joined a consortium to explore a project aimed at retiring and replacing a 246MW coal-fired power plant in the Philippines with clean energy. In 2022, listed Philippine company ACEN implemented the world’s first market-based Energy Transition Mechanism, under which it divested the 246MW South Luzon Thermal Energy coal plant, and committed to retire it by 2040. The plant will transition to renewable energy technology.