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John Pattar, head of KKR\u2019s real estate business in Asia Pacific<\/p>\n
Rental residential leads today\u2019s Asia Pacific headlines as US giant KKR and Weave negotiate for the sale of a Seoul apartment portfolio. Also in the news are Australia\u2019s IFM Investors offering a Sydney site for a $1.1 billion data centre and Singapore-based 8M Real Estate eyeing a $393 million portfolio of 50 conservation shophouses.<\/p>\n
KKR, Weave Said Courting Buyers of Seoul Apartment Buildings<\/a><\/p>\n Weave Living is said to be marketing a portfolio of Seoul rental housing assets backed by US fund management giant KKR on a building-by-building basis, after an effort to move the 376-unit portfolio as a package failed to result in a quick sale, according to an account in local news site ChosunBiz.<\/p>\n The portfolio is reported to include Weave Suites Seonyu Parkside, Weave Place Hoegi and Weave Place Gangnam Station, with a pair of bidders said to have emerged for at least two of the properties. Read more>><\/a><\/p>\n IFM Offers Macquarie Park Site for $1B Data Centre<\/a><\/p>\n Australian fund manager IFM is offering a Macquarie Park site in Sydney capable of supporting a A$1.5 billion ($1.1 billion) data centre. The 2.9 hectare (7.1 acre) site carries a power pathway of up to 120MVA.<\/p>\n The site is being marketed by JLL via an expression of interest campaign. IFM, which gained the site through its ISPT merger, previously sold a western Sydney data centre site to AirTrunk for A$780 million. Read more>><\/a><\/p>\n 8M Real Estate Eyes $393M Singapore Shophouse Portfolio<\/a><\/p>\n Singapore-based 8M Real Estate is in talks to acquire about 50 conservation shophouses in the Tanjong Pagar Conservation Area for S$500 million ($393.4 million).<\/p>\n The portfolio is largely held by Hillington International, a British Virgin Islands-registered company linked to Arcc Holdings, led by investor Tony Chen. EY-Parthenon is running the sale process, sources told the Business Times. Read more>><\/a><\/p>\n IFM Teams With BlackRock\u2019s GIP to Bid for $22B Stack Portfolio<\/a><\/p>\n Australia\u2019s IFM Investors and BlackRock-owned Global Infrastructure Partners are joining forces to bid for Blue Owl\u2019s A$30 billion ($21.5 billion) Asia Pacific data centre portfolio, Stack Infrastructure.<\/p>\n The pair will compete against Macquarie Asset Management, advised by Goldman Sachs and UBS, and groups including Brookfield. The portfolio is indivisible on a regional basis, meaning bidders must take the Asia Pacific assets as a whole, sources said. Read more>><\/a><\/p>\n Fraxtor Co-Invests in Greater Osaka Logistics Project With UIB REIT<\/a><\/p>\n Singapore-based fractional real estate platform Fraxtor has closed fundraising for a co-investment in UIB Konan Phase 3, a logistics development in Greater Osaka, the company said.<\/p>\n The deal marks Fraxtor\u2019s first joint venture with a listed REIT, alongside SGX-listed UI Boustead REIT. The project comprises two facilities totalling 48,139 square metres (518,164 square feet) in Shiga prefecture\u2019s Konan City. Read more>><\/a><\/p>\n Japan Hotel REIT Raises Full-Year Net Income Forecast to $327M<\/a><\/p>\n Japan Hotel REIT raised its full-year net income forecast by JPY 222 million to JPY 52.1 billion ($327 million), citing an increase in variable rents from stronger hotel performance, the trust\u2019s manager said in its midterm financial report.<\/p>\n Midterm operating revenue rose 5.1 percent year-on-year to JPY 22.6 billion, with net income of JPY 11.8 billion. The REIT also raised its full-year dividend forecast to JPY 5,811 per unit, up 4.1 percent from its previous guidance. Read more>><\/a><\/p>\n Peter Woo Family Office to Sell $1B in PE Stakes<\/a><\/p>\n The family office of Hong Kong real estate tycoon Peter Woo is looking to sell private equity fund stakes worth $1 billion, according to people familiar with the matter.<\/p>\n The stakes potentially being sold include holdings in China-focused managers such as HSG (formerly Sequoia Capital China) and Vista Equity Partners, the people said, adding that the list of funds isn\u2019t fixed. Read more>><\/a><\/p>\n GLP J-REIT Selling Aichi Logistics Property for $65M<\/a><\/p>\n GLP J-REIT is selling GLP Tokai, a logistics facility in Tokai, a city in Japan\u2019s Aichi prefecture, for JPY 10.4 billion ($65.3 million), the trust\u2019s manager said.<\/p>\n The price exceeds the property\u2019s JPY 5.8 billion book value, with delivery set for 31 August. The sale is expected to generate a JPY 4.4 billion gain, to be distributed to unitholders; the buyer was undisclosed. Read more>><\/a><\/p>\n Ingenia Completes $713M Acquisition of Developer Peet<\/a><\/p>\n Australian retirement living company Ingenia completed its A$992 million ($712.6 million) acquisition of developer Peet, paying 68 Australian cents cash plus 0.3367 Ingenia securities per Peet share.<\/p>\n Ingenia shares fell more than 6 percent on the news, while Peet shares rose more than 11 percent. JP Morgan analysts said the deal dilutes net tangible assets and shifts earnings towards development risk. Read more>><\/a><\/p>\n Tune in again soon for more real estate news and be sure to follow @Mingtiandi<\/a> on X, or bookmark Mingtiandi\u2019s LinkedIn page<\/a> for headlines as they happen.<\/p>\n","protected":false},"excerpt":{"rendered":"John Pattar, head of KKR\u2019s real estate business in Asia Pacific Rental residential leads today\u2019s Asia Pacific headlines…\n","protected":false},"author":2,"featured_media":134512,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[68392,68393,68394,68395,68396,3811,68397,112,68398,68399],"class_list":["post-134511","post","type-post","status-publish","format-standard","has-post-thumbnail","category-seoul","tag-8m-real-estate","tag-fraxtor","tag-glp-j-reit","tag-ifm-investment-limited","tag-japan-hotel-reit","tag-kkr","tag-peter-woo","tag-seoul","tag-stack-infrastructure","tag-uib-boustead-reit"],"_links":{"self":[{"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/posts\/134511","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/comments?post=134511"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/posts\/134511\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/media\/134512"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/media?parent=134511"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/categories?post=134511"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/tags?post=134511"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}