Big banks help Singaporeans hit Australian real estate Milestone
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Four heavyweight lenders have bankrolled ESR Group and GICâs knockout $3.8 billion bid for Blackstoneâs Australian logistics portfolio, in a deal that marks another changing of the guard in Australiaâs real estate sector.
The transaction will re-weight valuations in Australiaâs industrial property sector and is the biggest piece of evidence yet of money slinging away from Australian shopping centres and office buildings to industrial sites.
Australiaâs ANZ Banking Group, Japanâs MUFG, Singaporeâs United Overseas Bank and Asian heavyweight Standard Chartered are expected to stump up north of $2 billion to help ESR take control of the logistics sites, in a deal targeted to complete prior to June 30.
Meridian and Contact push higher, lifting NZX and defying expectations
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Ingin Ngabuburit Sambil Berburu Takjil Buka Puasa Enak dan Unik di Yogyakarta, Ini Rekomendasinya
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Quintet Yorkway pitches second debt fund, seeks $100m first close
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Australian owned investment manager Quintet Yorkway is restocking its investment kitty with a $100 million-plus raising for a new credit fund.
Street Talk can reveal Quintet Yorkway is in front of wholesale investors with a fundraising for its second private debt fund, offering them quarterly cash distributions and potential co-investment opportunities in selected loans.
Street Talk. Â
Louise Kennerley
Quintet Yorkwayâs new fund would provide secured loans to real estate investors, property developer and property-secured corporate borrowers, according to a flyer in front of potential investors and seen by Street Talk, writing loans worth as much as $30 million.