Real asset manager ESR has appointed Reini Otter as Chief Executive Officer for its Australia and New Zealand operations. Based in Sydney, he will oversee regional growth, focusing on fund management, logistics real estate and data centres. He succeeds Phil Pearce, who established the regional branch in 2018 and now steps into the role of corporate President following the company's 2025 privatisation.
Logistics real estate specialist ESR has expanded its partnership with Mitsubishi Estate Asia through a new joint venture in Western Sydney. The deal will fund a premium 700 million Australian dollar industrial estate spanning 18.3 hectares in Huntingwood. Construction is slated to begin later this year, delivering up to 114,005 square metres of modern warehousing space to address exceptionally low vacancy rates in the region.
The Real Estate Institute of Queensland has formed a landmark partnership with global venture fund Second Century Ventures to boost property technology. The organizations signed a Memorandum of Understanding to fund and support technology startups across Australia. The initiative combines global investment with local market intelligence to address complex housing challenges, positioning Queensland as a prime regional hub for digital real estate innovation.
Facilio Inc. has been appointed by Charter Hall to digitise and centralise operations across its Australian office portfolio. Following a successful tender, the proptech firm will implement its Connected CMMS platform across more than 100 assets. The partnership aims to automate workflows, improve compliance and enhance vendor management. This shift replaces manual reporting with real-time data to drive efficiency across the national commercial real estate network.
Hilton has announced the debut of its Motto by Hilton brand in Australia with a new property in Sydney’s central business district. The signing of Motto by Hilton Sydney City Centre marks the introduction of Hilton’s seventh brand to the Australian market. Scheduled to open in late 2027, the hotel will offer 152 rooms with a focus on flexible design and social communal spaces for travellers.
The Queensland Performing Arts Centre (QPAC) has opened its 1,500-seat Glasshouse Theatre in Brisbane. Designed by Blight Rayner and Snøhetta, the venue features a unique rippling glass façade. This addition makes QPAC the largest integrated performing arts hub in Australia. The project incorporates First Nations narratives and advanced automation to support world-class productions. It is expected to attract 300,000 additional visitors to the region annually.
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