Clayton Utz’s Post

We have advised leading Japanese listed integrated trading and business investment company, Sumitomo Corporation, on its first investment into Australian real estate. The $830 million Highforest residential development – a joint venture between Sumitomo and Mirvac – will be a new neighbourhood in Sydney’s West Pennant Hills which will comprise 165 detached and attached houses and 249 apartments. Read more: https://ow.ly/lQIA50UwhNu

We have advised leading Japanese listed integrated trading and business investment company, Sumitomo Corporation, on its first investment into Australian real estate. The $830 million Highforest residential development – a joint venture between Sumitomo and Mirvac – will be a new neighbourhood in Sydney’s West Pennant Hills which will comprise 165 detached and attached houses and 249 apartments. Read more: https://ow.ly/tR5P50UwhNw

LLMH Group Strengthens Foothold in Southeast Asia with $11.5 Million Real Estate Investment, Highlighting Key Projects in Vietnam. For more details, read the full article here 👉 https://lnkd.in/gxziDgS4

The #real #estate #investment company INVL Baltic Real Estate group signed an #agreement on the sale of a property holding in Latvia consisting of a building with 12,800 square metres of warehouse space. The buyer of the property is Bohnenkamp, one of Europe’s largest suppliers of tyres and wheels for industrial and agricultural equipment, which was the main tenant of the building prior to the #transaction. “We are pleased with this transaction, both because it will have a significant positive impact on our financial results and because we will be able to use its proceeds for further investments in our Lithuanian properties. That will allow us to further increase the company’s asset value and the return to shareholders. Part of the proceeds will also be used to repay a bank loan in Latvia,” says Vytautas Bakšinskas, the real estate fund manager at INVL Asset Management, which manages INVL Baltic Real Estate. Read more: https://lnkd.in/g_sEbsSB #invl #real #estate #investment #agreement #logistic #transaction

CapitaLand Investment (#CLI) secured the first close of its sixth onshore RMB fund, China Business Park RMB Fund III, with an initial equity commitment of RMB1.2 billion (S$222 million). The close-ended fund will invest in the business park sector in China and is expected to add RMB2 billion (S$370 million) to CLI’s funds under management (FUM) when fully deployed. As part of its asset-light strategy, CLI will maintain a sponsor stake in the fund to grow its FUM and fee income while keeping strong alignment with its investors and partners.   In line with its disciplined capital management, CLI will recapitalise Ascendas iHub Suzhou by divesting the high-quality business park in Suzhou Industrial Park as a seed asset to the fund for RMB1.4 billion (S$259 million). CLI will continue to manage the property, generating recurring fee income.   Since 2011, Ascendas iHub Suzhou has attracted numerous international and domestic biomedical and IT enterprises. The property comprises four mid-rise and 11 low-rise buildings with a total gross floor area of c.170,800 square metres. It is well supported by a mix of amenities and services and located in close proximity to Suzhou Metro Line 2.    More details here: https://bit.ly/iHubSZ Tze Shyang Puah Kara Wang #Capital #FundRaising #CapitalManagement #Divestment

THE NIPPON REIT Investment Corporation has sold three assets as part of its strategy to improve the metrics of its portfolio. #investmentsales #CapitalMarkets #Japan #NipponREIT #OfficeRealEstateSales #REITsRealEstateInvestmentTrusts #ResidentialRealEstateSales #Tokyo

Clayton Utz has advised Japanese trading house Sumitomo Corporation (TYO:8053) on a joint venture partnership in what is the first type of investment in Australia for the Japanese trading house. Find out more here. https://buff.ly/3WgQ883 #deals #australia #sumitomo #claytonutz #jointventure

Maaden International Investment Fund will take over Russia’s 41% stake in Catoca, as well as its interest in Leule. Read more: https://lnkd.in/eE49-u46

NEWS - Press Release We are thrilled to share with you the latest news from Eurasian Real Estate Investment Management. On the link below, you’ll find our press release detailing our innovative investment model as the first Alternative Investment Fund for real estate in Serbia, licensed by the Securities and Exchange Commission. Should you require any further information, please don’t hesitate to reach out. #EREIM #AlternativeInvestmentFund #InvestInSerbia

Japan’s Sumitomo Corporation has made its first investment in Australian real estate, entering into a 50-50 joint venture with Mirvac to develop the $830 million Highforest housing development in north-western Sydney. AJBCC Vice President Ian Williams told the AFR’s Michael Bleby “The big change this year is trading houses, you can expect further investments.” #RealEstate #Investmen #AJBCC Andrew Gauci Brett McCarthy Damien Roberts