M&G Real Estate has completed the sale of Frontier Shinjuku Tower, a 24-storey mixed-use asset in Tokyo, following a 23% increase in net operating income. Disposed of 15 months ahead of the original investment timeline, the 298-apartment property underwent extensive asset enhancements and sustainability upgrades, securing Japan’s highest green rating, CASBEE S. The sale highlights sustained demand for prime rental housing in central Tokyo.
Japanese trading firm Mitsubishi Corporation has agreed to acquire an additional stake in Philippine conglomerate Ayala Corporation for approximately JPY 120 billion. The deal follows a share repurchase by Ayala through a tender offer, raising Mitsubishi’s voting interest to 20 per cent upon completion in FY2026. The expanded strategic alliance will target growth across financial services, telecommunications, retail, real estate and energy sectors in the Philippines.
Erieview Tower’s residential and hotel redevelopment in downtown Cleveland has secured approximately $217.6 million in financing. Advised by Brown Gibbons Lang & Company, developer ErieView Development assembled a complex funding package, including $93.4 million in C-PACE financing alongside historic tax credits and senior debt. Scheduled to open in 2027, the 40-story landmark will host Ohio’s first W Hotel and 215 rental apartments under the W brand.
Suntex Enterprises has signed a Letter of Intent to launch a North American real estate initiative exceeding $1 billion over five years. Anchored by two Alberta projects expected to generate $575 million, the company plans to build, own and monetise master-planned sites in Canada and the US. Suntex is also divesting its beverage arm for $5 million to fund growth.
Avida Land and Amaia Land have signed a strategic partnership with Pag-IBIG Fund to widen housing options for Filipino workers. The agreement allows eligible members to access Pag-IBIG housing loans of up to ₱10 million for select properties. By combining private sector development with government-backed financing, the initiative aims to make quality homeownership more attainable across various income brackets.
ESR has exercised an upsize option on its sustainability-linked refinancing facility after beating its initial US$2 billion target due to high demand from international lenders. The five-year multi-currency loan facility consolidates existing debts and supports expansion across Asia-Pacific logistics real estate, data centres and energy infrastructure. The move follows US$1.1 billion in net debt repayments completed in 2025 as part of ongoing deleveraging plans.
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