Mingtiandi

475 Victoria Avenue in Sydney’s Lower North Shore (Image: RM Watson) BlackRock has completed its buyout of a Sydney office complex held with Cromwell Property Group, picking up the ASX-listed firm’s remaining half-stake in 475 Victoria Avenue in Chatswood for A$87 million ($60.8 million).

The student housing site in the South London borough of Southwark (Image: Google) Far East Orchard has entered talks to acquire a London student housing project from local heavyweight Unite Students, as the Singapore-listed firm continues to expand its accommodation strategy across Britain.

The High Court of Singapore sits at the Supreme Court Building Singapore’s High Court leads today’s real estate headlines with a defamation ruling ordering Bloomberg to pay $356,390 to two government ministers over a property article. Also in the news, Canada’s Brookfield plots further Singapore acquisitions after spending $697 million and Comforia Residential REIT finalises a $20.7 million Tokyo apartment deal.

Weave Suites Midtown failed to find a buyer one year ago (Image: JLL) Weave Living is marketing a 65-key serviced apartment complex in Singapore’s Bugis area for S$95 million ($73.4 million), as the Hong Kong-based rental housing specialist continues to recycle capital across its Asia Pacific portfolio.

The S4 hyperscale campus in Sydney’s Horsley Park is a key NextDC project (Image: NextDC) NextDC has upsized its new senior debt facilities to A$2.3 billion ($1.6 billion), adding a further A$500 million to a borrowing package announced in May as the Australian data centre operator raises capital to meet AI-driven demand.

Mitsubishi Estate president and CEO Atsushi Nakajima Data centre development leads today’s headline roundup as Japan’s Mitsubishi Estate commits $9.2 billion to build large-scale facilities for AI-driven demand. Also making news are Australia’s Stockland and M&G Real Estate committing $304 million to Sydney and Brisbane logistics assets and Japan’s Orix JREIT securing $74 million in refinancing from nine lenders.

The DBS Bank Tower offers easy access to Shanghai tourist destinations (Image: DBS) PDD Holdings, the Chinese social e-commerce company known for its Pinduoduo and Temu discount shopping apps, has acquired the DBS Bank Tower in Shanghai’s Lujiazui financial district for approximately RMB 3.3 billion ($486 million), according to market sources, the city’s largest property transaction so far this year.

Weave and LaSalle acquired 68 Robinson Road in 2022 for HK$275 million Weave Living and LaSalle Investment Management are seeking HK$450 million ($57.4 million) for a serviced apartment tower in Hong Kong’s Mid-Levels West, market sources confirmed to Mingtiandi on Monday, as accommodation specialist Weave continues to reshape its hometown portfolio.

Suntec Trust Management chairman Celine Tang (Image: Suntec REIT) Celine Tang has taken the chairman’s seat at the manager of Singapore-listed Suntec REIT, extending family oversight of the commercial trust after a March control shift. The appointment of Tang, also known as Chen Huaidan, as chairman, non-executive director and member of the nominating and remuneration committee took effect on Friday, the manager said in a filing.

Japanese Finance Minister Satsuki Katayama Japan’s Finance Minister Satsuki Katayama leads today’s headline roundup by pushing the $1.8 trillion Government Pension Investment Fund to increase its investment in domestic assets. Also in the news, HSBC begins marketing $3.5 billion in troubled Hang Seng Bank property loans and Aw & Sons Capital buys a pair of Singapore shophouses for $32 million.