Mingtiandi

The Quad aims to serve Hong Kong’s higher education market (Image: Google) China Merchants Commercial REIT and a BentallGreenOak fund are picking up a student housing project in Kowloon at a 40 percent discount from the original owner’s total investment cost.

Brad Collier, Fund Manager, Dexus Peter Menegazzo, Chief Executive Officer, Investa Steve Bennett, Direct CEO, Charter Hall One of Australia’s biggest diversified property groups has joined the speaker roster for the Mingtiandi Australia Forum, with Dexus fund manager Brad Collier confirmed for a spotlight interview at the 15 September event.

Four Points by Sheraton Sydney, Central Park, in Sydney’s Tech Central District (Image: JLL) A Singapore property developer has made its first foray into Australia’s commercial property market, paying A$201.8 million ($144.6 million) to acquire the Four Points by Sheraton hotel in Sydney’s technology precinct from US private equity firm KSL Capital Partners, according to a statement from JLL, which advised on the transaction.

The 411-unit Songdo CoStay in Incheon (Image: InnoValue) Tishman Speyer has made its first acquisition under its Korea Living Venture, buying a 411-unit asset in Incheon as the US developer begins deploying Dutch pension capital into the country’s rental housing sector. The Manhattan-based builder and fund manager announced Sunday that it had closed on Songdo CoStay, a stabilised, nine-storey property at 271 Harmony-ro in Songdo, a university and biotech cluster.

Centurion expects to open a 5,000-bed facility on the Lok Yang Way site in 2028 (Image: Google) Centurion Corporation has won its second Singapore worker housing site in less than a month with a S$221.7 million ($174 million) bid, taking its planned domestic capacity additions to 12,000 beds. State-run JTC Corporation awarded the 30-year leasehold parcel at Lok Yang Way to Centurion on Friday, the SGX-listed accommodation specialist said Monday in a release.

Blackstone chairman and CEO Stephen Schwarzman (Image: Blackstone) India’s largest REIT sell-down of the year leads today’s roundup as US giant Blackstone moves to offload a $1.3 billion stake in Knowledge Realty. Elsewhere, China’s Fosun International pushes ClubMed Lifestyle towards a Hong Kong listing and ARA Korea buys a Greater Seoul Marriott hotel for $73 million.

Raphael Arndt, the longest-serving chief executive in the two-decade history of Australia’s Future Fund, will step down at year’s end after growing the sovereign wealth fund’s total assets under management to A$356 billion, leading this week’s look at personnel moves from around Asia Pacific’s real estate industry. Also making the list is a new chief executive at Singapore’s Mapletree Industrial Trust Management and a fresh head of data centres at Hong Kong-listed ESR.

The Living Company plans a few enhancements for 15-25 Regent St (Image: Google) Rental accommodation specialist The Living Company has acquired an eight-storey property in the Sydney education precinct of Chippendale for A$72.5 million ($52.2 million), adding 165 student beds amid a shortage across the city.

The property at 3 Holbeche Road was recently completed (Image: CBRE) BlackRock-owned self storage provider StoreLocal has acquired two newly developed storage facilities in Western Sydney for a combined A$57 million ($41 million) as part of its plan to expand operations across Australia’s fastest growing population centres and regional areas.

ESR-REIT chief executive Adrian Chui has been with the trust over a decade (Image: ESR-REIT) ESR-REIT chief executive Adrian Chui is stepping down after more than nine years running the Singapore-listed industrial and logistics trust, according to a filing to the Singapore Exchange on Friday, with the REIT’s unit price having fallen 16.1 percent over the past 12 months.