Brookfield India REIT, NCW
Close $177M Mumbai Office Deal and More APAC Real Estate Headlines
Sept 30, 2026
Brookfield India REIT and NCW
have completed a ₹17 billion (US$177.2 million) acquisition of three
floors at Godrej BKC in Mumbai’s Bandra Kurla Complex.
The transaction covers 264,000 sq
ft (24,526 sq m) of office space. Brookfield India REIT and NCW each hold a 50%
stake, with NCW investing through its Prime Offices Fund. The seller was an
affiliated Brookfield private fund.
Other Asia-Pacific Real Estate
Headlines
Australia: Metrics Credit
Partners froze withdrawals from two investment vehicles and paused most lending
for 90 days following a A$170 million (US$118.6 million) writedown
across three listed funds.
Abu Dhabi: Jingdong Property,
part of Chinese e-commerce group JD.com, plans to develop a 150,000 sq m
logistics facility in KEZAD, with completion expected in 2028.
Australia: HyperDC
applied for approval to develop a 400 MW data centre
campus on a 39-hectare site near Geelong, Victoria.
Malaysia: Amazon agreed to
acquire a 183,973 sq m site in Sepang near Kuala Lumpur for MYR 316.8 million
(US$77.7 million) for a data centre. The transaction
is subject to approvals and is expected to complete in the second quarter of
2027.
China: The country announced a
nationwide mortgage-interest subsidy for eligible first-time homebuyers from 1
October. The annual subsidy of one percentage point applies to qualifying loans
of up to RMB 1 million for a maximum of five years.
Hong Kong: Hang Seng Bank sold an
HK$11 billion loan portfolio to HSBC’s Asia-Pacific subsidiary during the first
half of 2026.
Japan: Hilton and Heiwa Real Estate plan to develop a 108-room Motto by Hilton hotel near Kyoto’s Shijo subway station, scheduled to open in 2029.