News
Filed by the bureaus. Capital, policy, development and the data underneath.

Grand City Properties Secures 20 Percent Equity Stake in LEG Immobilien
Aroundtown's Luxembourg-listed subsidiary aggregates a 20.04% holding through financial intermediaries to expand its German residential footprint and drive FFO growth.

Keppel Sells 51 Percent Stake in Central Singapore Tower to Keppel REIT
The S$648 million transaction relies on a five-year sponsor income support structure to shore up initial returns while 40 percent of the prime tower remains unlet.

BlackRock and Dash Living Purchase 26-Unit Tokyo Residential Asset
The joint venture has completed its fourth Tokyo multifamily acquisition despite rising monetary policy rates.

Egypt Plans Real Estate Investment Fund to Monetise NUCA Property Assets
The Egyptian Ministry of Housing is seeking foreign private equity capital by shifting from land sales to structured vehicles.

AirTrunk Postpones US$1.5 Billion Singapore REIT Listing to 2027
Sponsors Blackstone and CPP Investments halt public exit plans as rising dividend yield expectations clash with private asset valuations.

Starhill Global REIT Exits Japan via JPY 6.20 Billion Tokyo Asset Divestment
The Singapore-listed trust sold Ebisu Fort at a 53.8 percent premium to valuation to trim portfolio gearing down to 34.5 percent.

Crédit Agricole Agrees Share Purchase of German Lender IKB from Lone Star
Lone Star Fund XI exits its 100 per cent equity stake in IKB Deutsche Industriebank after an 18-year holding period, funded entirely from Crédit Agricole's internal cash resources.

IOI Properties and CapitaLand Enter Talks for One Raffles Place
The proposed joint acquisition of the Singapore CBD office complex values the asset at up to S$2.4 billion, aligning with its end-2025 book valuation.

Alpine Secures 13 Industrial Properties for $117 Million at $63 Per Square Foot
The net-lease REIT has committed $1.0 million in non-refundable earnest money to acquire 1.9 million square feet using credit line borrowings and asset sales.

Azora Closes €1.6 Billion Southern Europe Value-Add Fund
The Madrid-based manager raised €1.6 billion in primary equity alongside €450 million in co-investment commitments, creating €4.5 billion in total deployment capacity.

OUE REIT Enters Exclusive S$2.4B Negotiations for One Raffles Place
A 50:50 joint venture of IOI Properties Group and CapitaLand Investment is negotiating to acquire the prime Singapore financial district complex. The prospective exit follows a market exercise launched alongside co-owner United Overseas Bank.

Investec Opens Realis Real Estate Co-Investment Vehicle to Wealth Capital
The banking group is syndicating lower-midmarket UK deals to ultra-high-net-worth investors on a deal-by-deal basis, filling an equity check gap left open by institutional funds.

Tishman Speyer and PSP Take Chrysler Building Control in 150-Year Lease Deal
The partnership is deploying 100 percent equity to fund a $235 million repositioning program after RFR's eviction from Midtown Manhattan's landmark asset.

Kerry Properties Wins Ho Man Tin Site for HK$4.31 Billion in October 2026 Land Tender
The HK$20,738 per square foot land premium beat market forecasts by 38% to establish a five-year high for residential land sales across Kowloon.

Japan Post Establishes Asset Management Subsidiary to Monetise ¥1.6 Trillion Portfolio
The state-backed entity launched Japan Post Real Estate Investment Management with ¥300 million in capital to shift balance-sheet properties into private funds.

Blackstone and Buyout Rivals Prepare Final Bids for Fuji Media Property Arm
A potential ¥1 trillion takeover of Sankei Building highlights how private equity capital is targeting corporate property spin-offs in Tokyo.

Japan Metropolitan Fund Buys Shin Yokohama Tower at Discount
The Tokyo listed REIT spent 9.2 billion yen on an 18 story office building, funding the transaction with floating rate debt to capture yield outside central Tokyo.

PGIM and Allstate Establish First 15% Artificial Intelligence Cap in $500M Credit Issuance
The structured credit market has established its first explicit concentration limits on technology, utility, and infrastructure debt exposed to artificial intelligence.