Barings has expanded its Australian industrial footprint with the off-market acquisition of the Smithfield Industrial Estate in Sydney. Purchased through the BRAVA V fund, the estate covers nearly 57,000 square metres and supports 52 tenancies. The site is strategically located near Parramatta and major freight corridors, offering significant value-add potential. This deal is one of three initial Sydney investments for the fund, which now totals A$686 million in assets.
Global real estate firm JLL has agreed to acquire a significant stake in the Saudi Facility Management Company (FMTECH), a firm established by the Public Investment Fund (PIF) in 2023. The PIF will remain the majority shareholder. This strategic transaction aims to enhance the facilities management sector in Saudi Arabia by combining the PIF's market scale with JLL's advanced operational and technological expertise, specifically JLL’s digital facility management platforms.
ESR-REIT Management (S) Limited has agreed to divest a portfolio of eight non-core Singapore industrial properties for S$338.1 million. The sale represents a 2.0% premium to the independent valuation. The transaction is a key part of the REIT’s Portfolio Rejuvenation and Capital Recycling strategies.
Hongkong Land Holdings Limited is advancing its corporate strategy with the upcoming launch of the Singapore Central Private Real Estate Fund (SCPREF). Expected to become Singapore’s largest with an AUM exceeding S$8 billion at launch, SCPREF will focus exclusively on managing prime commercial assets in the city-state.
Real Finance, a Layer-1 blockchain network focused on the tokenisation of real-world assets (RWAs), has raised a total of $29 million in private funding. The capital includes a $25 million commitment from Nimbus Capital and a $4 million private round led by Magnus Capital. The financing is a major step in the company's strategy to expand its compliance-ready infrastructure and accelerate the onboarding of institutional financial partners.
Alexander & Baldwin Inc. (A&B), a major Hawaiʻi commercial real estate owner, has entered a definitive merger agreement to be acquired by a joint venture including MW Group, Blackstone Real Estate, and DivcoWest. The all-cash deal values the company at approximately $2.3 billion, with shareholders receiving $21.20 per share, a 40.0 per cent premium. A&B, the largest owner of grocery-anchored shopping centres in Hawaiʻi, will become a private company following the expected closure in the first quarter of 2026. The investor group has pledged to retain the company's local focus, leadership, and brand, alongside a commitment to invest over $100 million into the property portfolio.
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