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.
Ayala Land Offices’ One Ayala East and West Towers in Makati City have achieved LEED Gold certification for their 74,531-square-meter commercial space. Alongside the South Tower, all three buildings have also secured EDGE Zero Carbon status via 100% renewable energy use and efficiency measures, offering global tenants premium office space aligned with strict corporate ESG targets.
The Sharjah Investment and Development Authority (Shurooq) has chosen Minor Hotels to manage the Sharjah Collection, a regional portfolio of seven eco-focused boutique properties. The international operator will integrate the coastal, desert and mountain retreats into its luxury network after a series of upgrades, boosting global reach while protecting local heritage.
Oman and Türkiye have signed a memorandum of understanding to cooperate on housing and urban planning initiatives following a bilateral summit in Ankara. Omani Housing Minister H.E. Dr. Khalfan bin Said Al Shueili met with Turkish Minister H.E. Murat Kurum to establish a development framework. The partnership will focus on smart cities, sustainable design and real estate finance.
Starwood Capital Group has completed the final closing of its latest global opportunistic real estate fund, Starwood Distressed Opportunity Fund XIII, securing over $10.2 billion in capital commitments. Supported by more than 300 institutional and private investors across 20 countries, the fund has already deployed $3 billion into data centers, housing and industrial assets across the US, Europe and Asia.
Bridgepoint has agreed to buy US investment platform Kayne Anderson Real Estate for an upfront enterprise value of $1.393 billion. The deal adds real estate as a fifth investment vertical for the mid-market investor, expanding its total assets under management to approximately $117 billion. The transaction is expected to close at the end of 2026, subject to regulatory approvals.
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