Week in Review

🏢 Mirvac sells $1.3b stake in new tower to Mitsui

Mirvac sold a two-thirds stake in its planned A$2B Sydney office tower at 55 Pitt Street to Mitsui Fudosan.

🏌️ GreenFort Capital Targets $800M Land Lease Portfolio

GreenFort Capital, in partnership with Gaw Capital, acquired Willow Village in Queensland’s Gympie region as part of a planned A$800 million land lease portfolio.

🛑 Starwood Limits Fund Redemptions

Starwood Real Estate Income Trust, managing approximately A$15B, has reduced investor redemptions to 1% per quarter

💸 Cromwell sells European business for A$457M

Cromwell plans to use the sale proceeds to reduce its gearing to about 25% and exit offshore operations entirely, focusing solely on Australia and New Zealand.

🏙️ A$780M of Goodman Industrial acquired by Barings and Rest Super

The deal encompasses 12 assets, housing 17 tenants over 70 hectares of land in Sydney and Melbourne

📈 Wall Street predicting +15% for REITs over next 12 months

US analysts predict a +15% rally in US REITs over next 12 months following the Fed's stance on future rate rises

💸 Abu Dhabi money coming down under

Abu Dhabi-based ADQ has acquired a 49% stake in Plenary for A$1B, planning to boost it's presence in global markets including Australia

🍹A$800M of retirement village up for grabs

RetireAustralia is being marketed for sale by NZSuper, Infratil & Jefferies

🥂 Scape to give students 3,000 spots to chill

Scape has partnered with APG and Ivanhoe Cambridge to develop 3000 student units in a A$1B JV

😋 I'll have 13 data centres with a side of cell towers, thanks!

HMC Capital is acquiring North American asset manager StratCap for A$44M

🏠 Interested in buying 27,100 student beds?

Global PBSA platform Campus Living Villages is looking to come to market for a potential sale

Private Equity Eyes Ingenia Communities in Potential A$2.1B Move