First Capital REIT has secured overwhelming unitholder approval for its internal reorganisation plan, with more than 99% support at a special meeting in Toronto. The proposal now moves to a court hearing scheduled for 27 November, with the REIT expecting the arrangement to take effect by the end of the month, subject to final approval.
Simon, a real estate investment trust and S&P 100 company, has announced the acquisition of the retail centre component of Phillips Place in Charlotte, North Carolina. This transaction, announced on 18 November 2025, sees Simon take ownership of the open-air retail space in the SouthPark neighbourhood. The retail centre spans 134,000 square feet and is famous for its specialty shops and dining. Phillips Place is a wider mixed-use destination that already included a 180+ room hotel owned by Simon, along with a multi-family residential component.
This new asset-backed hybrid token, set for a Q2 2026 market debut subject to regulatory approval, is a collaborative venture between Hotdesk, Al Maryah Community Bank, Emirates Coin Investment, and Singularity. It aims to democratise access to high-quality, income-producing assets. By leveraging the divisibility of blockchain, DESK will allow global investors to participate with minimal capital, offering a significantly more liquid and accessible investment alternative to traditional Real Estate Investment Trusts.
Northwest Healthcare Properties Real Estate Investment Trust (TSX: NWH.UN) has announced a deal to internalise the management rights of Vital Healthcare Property Trust (‘Vital’). The conditional agreement is valued at NZ$214 million (approximately $170 million), which Northwest will receive in cash. The transaction aligns with Northwest's strategy to simplify its business and reallocate capital back to North America. Vital will fund the purchase through a capital raise launched concurrently with the announcement.
Aquilius Investment Partners has closed its AIP Secondary Fund II with US$750 million in commitments, exceeding its US$700 million target, part of a total US$1.1 billion raised across associated vehicles. The fund focuses on LP- and GP-led transactions in Asia Pacific’s ‘new economy’ sectors, deploying half its commitments across eight transactions while attracting leading global institutional investors.
CapitaLand Integrated Commercial Trust has achieved higher green building ratings for two of its Singapore properties. The Atrium@Orchard is the first operational office-retail asset in Singapore to earn the BCA Green Mark Platinum (Super Low Energy) certification, while Raffles City Singapore has upgraded to Green Mark Platinum. The milestones reflect CICT’s push to enhance energy efficiency, reduce emissions and advance sustainable asset management.
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