Australia

Asia Pacific

Savills IM to Acquire Brisbane Office Building for Pan-Asian Fund

Savills Investment Management (Savills IM), the international real estate investment manager, has agreed to acquire HQ South, an A-grade office building in Fortitude Valley, Brisbane from M&G, for its flagship pooled pan-Asian strategy fund. The asset comprises a modern 14,588 sqm building in the thriving near-city Fortitude Valley precinct, with 1,503sqm in food and beverage…

Asia Pacific

Savills IM Acquires Japanese and Australian Properties for Pan-Asian Fund

Savills Investment Management (Savills IM) has completed investments in the office and residential sectors in Japan, as well as its acquisition of a local neighbourhood shopping centre in Australia for its flagship pan-Asian fund. In Japan, Savills IM has acquired a high-quality office in Greater Tokyo. The multi-tenant building totals approximately 5,500 sqm of rentable…

Australia

MRI to Acquire PropTech Group for A$93.4 Million

MRI Software has signed a binding Scheme Implementation Deed to acquire 100 per cent of the share capital of PropTech Group Limited which develops and sells real estate software, and is listed on the Australian Securities Exchange (ASX). The A$0.60 cash per share offer, equating to an implied equity value of approximately A$93.4 million on…

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