Chinese co-living firm Harbour raises $2.58b for two China property buyout funds

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The Shanghai-based company will set up a $1-billion vehicle with private equity firm Gaw Capital to acquire existing properties for flat conversions, while also launching another $1.58-billion fund with Gaw and financial leasing company Far East Horizon Ltd to acquire land plots for rental flat development.

Blackstone acquires La Quinta Resort from Singapore’s GIC: Report

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GIC acquired La Quinta Resort and PGA West in 2013 in a $1.5-billion deal.


TH Real Estate, Bouwinvest partner for $1b Tokyo Multifamily vehicle

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The venture has raised $200 million in its first close for the seed portfolio. A second close is expected later this year


GIC-backed venture to acquire, develop office assets in Los Angeles

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Early this month, GIC formed a JV with CPPIB to buy a landmark Grade A office building in Seoul for $380 million.


Philippine proptech unicorn Revolution Precrafted to build 2,000 villas in Puerto Rico

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The deal marks Revolution Precrafted’s expansion into its ninth international market.


GIC, Goodman sell Auckland office portfolio to Blackstone for $436.44m

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The wealth fund’s share of the sale will be about $214 million.


Realty Digest: Century Properties, Mitsubishi in JV; Sime Darby, Mitsui enter pact

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Japanese companies Mitsubishi, Mitsui and Mitsubishi are participating in separate real estate development in the Philippines and Malaysia.


New World Development-led consortium snaps up Singapore site for record $307m

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The consortium outbid eight other renowned property developers including GuocoLand, Bukit Sembawang Estates, Shun Tak Holdings, and Wing Tai Holdings.


Warburg-backed ESR, Beijing Properties set up fund to buy realty assets worth $1b

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The fund will acquire equity interests in properties owned by China Logistics Infrastructures, a logistics subsidiary of Beijing Properties.


Singapore: AA REIT to invest $36m in modernising Tuas Avenue facility

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The site will be transformed into a modern and versatile ramp-up industrial facility suitable for both production and storage.