Australia: Sydney, Melbourne and Brisbane, the listed property trusts, and the capital moving in from Asia.
Australia's NEXTDC said on Wednesday it seeks to raise A$1.1 billion ($795.63 million) through convertible notes, its third fundraising in just over four months, as the data centre operator ramps up investment in AI infrastructure. The notes will mature on September 17, 2031, and carry a holder put option in September 2029. The initial conversion price will be set at a 32.5 per cent to 37.5 per cent premium to the reference share price. NEXTDC also intends to enter capped call transactions with an indicative cap price 70 per cent above the reference share price to reduce potential dilution.
Gamuda Bhd’s consortium with MTR Australia has secured an A$880 million (RM2.54 billion) design-and-build contract for the future Parramatta metro station in Sydney. The award also includes development rights for four integrated commercial, retail and residential projects above and adjacent to the s
Australian student accommodation provider Scape has broken ground on a 58-storey tower atop the new State Library station in central Melbourne, which it says will be the world’s tallest student dorm upon completion in 2029. RMIT University has signed a A$190 million, 15-year lease for the first nine
Commercial real estate trading in Australia rose 13% in Q2 2026, MSCI reports, as Investa CEO Peter Menegazzo is set to appear in a spotlight interview at the Mingtiandi Australia Forum on 15 September. Menegazzo will discuss the firm's recent A$558m North Sydney acquisition and a subsequent A$1.8bn
Australian senior housing provider Eureka Group has agreed to acquire six retirement properties in New South Wales from Ingenia Communities Group for A$123.8 million. The deal adds 953 established sites and will be partly funded by an A$80.2 million entitlement offer and a new A$80 million debt faci
Dexus fund manager Brad Collier will join Blackstone, Brookfield and DWS executives at the Mingtiandi Australia Forum on 15 September at the Four Seasons Hotel in Sydney. More than 200 industry leaders are expected to attend the inaugural event, which covers commercial, industrial, living and hospit
Singapore developer Hoi Hup has paid A$201.8 million to acquire the Four Points by Sheraton Sydney, Central Park from US private equity firm KSL Capital Partners. The 309-room hotel in Chippendale marks Hoi Hup's first commercial property investment in Australia.
Raphael Arndt will step down as chief executive of Australia's Future Fund at year's end after growing AUM to A$356 billion. Mapletree Industrial Trust Management appoints Anand Tze Ming Chandran as CEO from 1 Oct. ESR names Dalmar Sheikh as CEO of its data centres unit.
Australian data centre developer NextDC reported higher water and energy consumption in the past year, with both key efficiency ratios worsening for a third consecutive year. The company swung to an A$82.1 million profit, beating forecasts, as demand for computing capacity surged.
Brookfield has acquired Cornerstone Logistics Estate, a A$225m multi-unit project in Sydney's Penrith, lifting its ANZ logistics platform to 10 investments worth A$3bn. The 47,000 sqm estate is being developed with Precinct Capital at Nepean Business Park, targeting completion by mid-2027.
Australian senior housing provider Ingenia Communities has agreed to buy ASX-listed residential developer Peet in a deal valued at A$992.3 million (US$713.1 million). The transaction will add 7,000 development lots to Ingenia's pipeline and create the largest ASX-listed living sector platform by dev
Scentre Group has received regulatory clearance to sell a 50% stake in Brisbane's Westfield Mt Gravatt to Australian Retirement Trust for A$882.5 million. The deal, which values the mall at A$1.74 billion, is set to close before 30 September and marks the latest in a series of asset joint ventures b
Zerra DC, the data centre arm of Singapore-based AGP Sustainable Real Assets, has filed plans for a 1.44-gigawatt campus in rural Queensland with an estimated construction cost of A$14.5 billion. The Western Downs Digital Park would be Australia’s largest data centre campus, built in stages on a 726
Australia’s Federal Court has found eHarmony engaged in misleading or deceptive conduct over its subscription services, including automatic renewals and pricing disclosures. The ACCC brought the case in September 2023, and penalties are yet to be determined.