Australia

M&A

MapletreeLog Trust enters into agreement to buy Melbourne logistics property for $17.4 mil

SINGAPORE (Sept 17): The manager of Mapletree Logistics Trust (MLT) announced Tuesday it has entered into a conditional forward purchase agreement for the acquisition of a warehouse in Melbourne, Australia at a property purchase price of A$18.4 million ($

Company in the news

ST Group brings flavours from home to Asians abroad, enjoys rapid revenue growth with outlet expansion

(Sept 16): All over Asia, bubble tea — also known as boba tea — stalls are popping up on every corner and long queues are a usual sight. Bubble tea, which consists of tea, milk and toppings such as chewy tapioca pearls, has sparked a craze, with peopl
Frasers Logistics & Industrial Trust to acquire stakes in 12 properties in Germany, Australia from sponsor for $482 mil

Property

Frasers Logistics & Industrial Trust to acquire stakes in 12 properties in Germany, Australia from sponsor for $482 mil

SINGAPORE (July 3): The manager of Frasers Logistics & Industrial Trust (FLT) has announced the proposed acquisition of interests in 12 logistics properties in Germany and Australia from sponsor Frasers Property for a total consideration of A$507.2 millio

Company in the news

Circles.Life launches world's first multi-country digital telco platform in Taiwan

SINGAPORE (June 24): Homegrown mobile virtual network provider Circles.Life is launching its digital mobile services in Taiwan on the back of a partnership with one of island’s largest telco players.
Frasers Logistics Trust partially divesting Australian asset for A$15 mil; seeks buyer for remaining components

Property

Frasers Logistics Trust partially divesting Australian asset for A$15 mil; seeks buyer for remaining components

SINGAPORE (May 16): The manager of Frasers Logistics & Industrial Trust (FLT) says it is divesting the warehouse and hardstand components of 610 Heatherton Road in Victoria, Australia, to Mack Bros Enterprises for A$15 million ($14.2 million).

M&A

ComfortDelGro deepens footprint in Australia with A$28.3 mil bus acquisition

SINGAPORE (Apr 23): ComfortDelGro Corporation announced Tuesday it is acquiring Australian bus service operator B&E Blanch for A$28.3 million ($27.5 million).

M&A

MindChamps acquires 8 more Sydney preschool centres for $39.3 mil

SINGAPORE (Apr 8): MindChamps Preschool Limited is acquiring eight more early learning centres in Sydney, Australia, for a total of A$40.84 million ($39.3 million) from Malek Family Pte Ltd and Malek Group Investments Pty Ltd.

Tech

Australia, Singapore to crack down on online media with new laws

SYDNEY/SINGAPORE (April 1): Governments in the Asia Pacific region are accelerating efforts to fight malicious use of online media, unveiling laws that make it easier to target websites which enable distribution of criminal or fraudulent content.
Lendlease reportedly gunning for US$500 mil with intended retail REIT listing on SGX

Property

Lendlease reportedly gunning for US$500 mil with intended retail REIT listing on SGX

SINGAPORE (Mar 19): Australia-listed developer Lendlease Group is planning to list a real estate investment trust (REIT) of its retail assets on the Singapore Exchange, according to sources of Thomson Reuters’ IFR Asia.
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