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.
The launch of Peregrine Cold Logistics by Stonepeak signals a major new investment push into the temperature-controlled supply chain sector across Asia Pacific and the GCC. Peregrine, based in Singapore, is setting out to tackle the growing regional demand for modern, high-quality cold storage and logistics solutions, driven by factors like increasing urbanisation and shifting consumption patterns.
The Anambra State Government is moving ahead with its ambitious low-cost housing initiative after resolving last-minute bureaucratic and contractual issues. The scheme aims to construct 10,000 affordable homes for civil servants and low-income households in the Isiagu area of Awka South Local Government. The project, which has been approved by Governor Chukwuma Charles Soludo, will be executed via a Public–Private Partnership (PPP) arrangement with real estate developers.
Amazon Web Services (AWS) announced that Thai developer Sansiri Public Company Limited has completed a successful large-scale deployment of generative artificial intelligence (Gen AI). The project is Thailand's first extensive use of Gen AI in the real estate sector. AWS reports that the cloud-based solutions have delivered measurable results for Sansiri, accelerating customer response times by 30 per cent and improving satisfaction scores by 25 per cent.
Investcorp Capital PLC, the ADX-listed firm founded by Investcorp, announced the acquisition of a diversified US industrial real estate portfolio for approximately $400 million. The 35-building, 2.6 million square-foot portfolio is 97% occupied and spans seven resilient coastal markets including Sacramento, Philadelphia, Long Island and multiple locations in Florida.
EQT, through its BPEA Mid-Market Growth Partnership, has agreed to become the majority investor in PropertyMe, a leading Australian and New Zealand cloud-based PropTech platform. Founded in 2013, PropertyMe is the largest property management software provider in the region, used by over 6,000 agencies to manage approximately 1.9 million rental properties and transact nearly $40 billion annually. The investment will support PropertyMe’s continued growth, focusing on product innovation, AI features like AiMe, and potential geographic expansion.
![[IRHM] logo](https://irhmagazine.com/wp-content/uploads/2025/08/IRHM-AWARDS-2025-1024x683.jpg)
