Abacus Storage Kings has a received a $2.2 billion takeover offer from a consortium of Ki Corporation, the family office of South African businessman Nathan Kirsh, and New York Stock Exchange-listed Public Storage, after rejecting a $1.9 billion offer in May.
Lendlease has been chosen to manage real estate investment for Malaysia’s biggest public sector superannuation fund, even as it reportedly faces a fight to retain control of investment dollarsfor Australia’s super giants.
Australian building services provider Johns Lyng Group has agreed to be acquired by a subsidiary of private equity group Pacific Equity Partners in a $1.3 billion deal.
Private equity real estate firm AsheMorgan has snapped up two industrial properties, paying a reported $33.5 million for a logistics hub in Melbourne and $20.5 million for another in Brisbane.
Australian economist Ross Garnaut’s renewables company Zen Energy has received a boost from the federal government, winning approval for its planned solar farm in southeast Queensland in less than a month.
Fresh off its acquisition of a massive battery network from Tesla, AGL has continued its push into renewables by gobbling up Amsterdam-based Photon Energy’s Yadnarie solar and long-duration energy project in South Australia.
The infrastructure investment arm of Chinese e-commerce giant JD.com has entered the Australian industrial property market with the acquisition of a large distribution center in Brisbane.
Property investment firm Charter Hall has sold its Bunnings Warehouse in the southeast Melbourne suburb of Clyde North for $44 million, in an off-market deal that reinforces the strength of retail real estate.
HWL Ebsworth has acquired Adelaide law firm Botten Levinson Lawyers, boosting the firm’s environment and development law offering in the region.
Troubled casino operator Star Entertainment says it will have to repay $36.5 million to its Queen’s Wharf partners if an agreement on a plan to buy out its stake in the Brisbane entertainment project is not reached by the end of the month.