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Asia Pacific commercial real estate investment markets remained resilient in the first quarter 2026, underpinned by solid occupier fundamentals and sustained capital deployment across gateway markets, according to CBRE’s latest Asia Pacific Cap Rate Survey.

Paradise Centre and Novotel Surfers Paradise, a landmark mixed-use precinct in the heart of Surfers Paradise, have sold for a combined purchase price of $346.5 million, representing the largest mixed-use hotel and retail transaction in the history of Queensland, Australia, according to JLL.

AirTrunk, owned by a Blackstone-led consortium, has plans to invest MYR 12 billion ($3 billion) to develop two new data centers in Malaysia, to be called JHB3 and JHB4. This investment further expands AirTrunk’s footprint in Johor Bahru.

M&G Real Estate, part of M&G’s $109 billion private markets business, has acquired six residential assets in Tokyo, Japan.

LaSalle Investment Management, on behalf of LaSalle Asia Opportunity Fund VI, has executed a recapitalization of a multifamily portfolio in China to generate liquidity and return its original investment through the issuance of preferred equity interests to a new fund vehicle managed by China Life Capital.

Capital raising for nonlisted real estate in Asia Pacific declined in 2025, diverging from a modest global recovery as global fundraising began to stabilize following a cyclical downturn, according to the latest 2026 Capital Raising Survey, published by ANREV, INREV and NCREIF.

CapitaLand Investment Limited (CLI) has secured the investment mandate to manage Income Insurance Limited’s direct real estate portfolio.

ESR has entered into an agreement with two leading domestic insurance groups to establish a dedicated RMB income fund with a total investment capacity of RMB 1.6 billion ($0.22 billion), further advancing the company’s capital recycling strategy and long-term growth positioning in China.

Singapore’s first and largest commercial real estate investment trust, CapitaLand Integrated Commercial Trust (CICT), has agreed to acquire a 100 percent interest in Paragon, a premier freehold integrated development along Orchard Road comprising retail, office and medical suites, for an agreed property value of S$3.9 billion ($2.3 billion) from Cuscaden Peak.

Periskop Partners and Japan’s Kensho Investment Group have entered into a strategic partnership.

Dormitory operator Centurion Corp. is paying A$45 million ($35.8 million) to acquire an asset in Western Australia designed for the mining industry, marking its entry into a new specialized segment.

JLL Hotels & Hospitality Group and Ecclesia Asset Management, a Singapore-based private equity real estate firm, announced they have jointly advised on the sale of a 16-hotel portfolio in Kyoto to an undisclosed institutional investor.

Robbie Campo has been appointed CEO of HESTA, a A$100 billion ($71 billion) superannuation fund, effective August 2026, following a thorough search and interview process with candidates.

LaSalle Investment Management, the global real estate investment manager, announced a strategic leadership transition in Asia Pacific, with Steve Hyung Kim assuming the role of head and CIO of the region effective May 1, 2026.

CapitaLand Investment Limited (CLI), a global real asset manager, has achieved final close of the CapitaLand Asia Pacific Credit Program II (ACP II), reflecting continued investor demand for senior secured, asset-backed real estate credit strategies.

CapitaLand Investment (CLI) has held a final close for its CapitaLand Asia Pacific Credit Program II.

Digital Edge has agreed to acquire an industrial site in Johor, Malaysia, for MYR 346.5 million ($87.3 million), marking the Stonepeak-backed data centre operator’s first known land purchase in the country as it expands in Southeast Asia’s digital infrastructure market, reported Mingtiandi.

NEX, Australia’s fourth-largest home builder, has entered the land development sector with a A$180 million ($126 million) acquisition of sites to deliver 900 homes across New South Wales, Australia, according to a report first published by Australian Financial Review.

JLL Hotels & Hospitality Group has advised on the sale of the Prince Smart Inn Osaka Yodoyabashi to a special purpose vehicle established by CREAL.

Artificial intelligence (AI) is reshaping office and business park demand across Asia Pacific  (APAC), not through broad contraction but through a redistribution toward higher-quality, infrastructure-ready assets, according to a report by CapitaLand Investment.