Bridging Continents: Inbound Investment from Singapore to Australia

OUE Real Estate Investment Trust has acquired a 19.9% stake in Salesforce Tower, a 55-storey commercial building located at 180 George Street, Circular Quay, Australia, from Mitsubishi Estate Co Ltd. The transaction was valued at A$195.5 million (US$138 million). The deal was completed on 16 March 2026.

Soilbuild Construction Group Ltd. acquired a 25% stake in 40 Mount Street, North Sydney, from M&G Plc for A$90.7 million. The remaining 75% of the property is co-owned by Investa’s commercial property fund, ICPF. This acquisition strengthens Soilbuild’s footprint in the Australian commercial property market.​

TrustCapital Advisors Investment Management Pte Ltd jointly owned by CIMB Real Estate Sdn Bhd and TrustCapital Advisors Pte Ltd, acquired Office Building, a Melbourne-based commercial property lessor, from GPT Wholesale Office Fund, owned by The GPT Group, for A$383 million (US$248.6 million) in cash. This marks one of the largest property transactions in Victoria for 2025 and represents TrustCapital’s renewed confidence in the Australian commercial real estate market after previous divestments.​

Keppel REIT, a Singapore-based commercial property trust managed by Keppel REIT Management Ltd, together with Australian financial services firm MA Financial Group Ltd, have acquired a 75% and 25% stake respectively in Top Ryde City Shopping Centre, Sydney for A$525 million (US$345.2 million). This acquisition highlights Keppel REIT’s strategic expansion into the retail sector, targeting attractive yields and long-term portfolio resilience.​

Centurion Accommodation REIT completed the acquisition of Epiisod Macquarie Park on 13 January 2026 under a Forward Purchase Agreement for approximately A$350 million. This acquisition expands Centurion REIT’s portfolio in Australia’s PBSA sector, enhancing income stability and growth potential while maintaining liquidity for future investments.​

MEC Global Partners Asia Pte. Ltd. acquired an unknown minority stake in 180 George Street, Sydney NSW toexpand its Sydney portfolio with a landmark asset offering strong long-term value and attractive yields. 

M&G Real Estate Asia Pte. Ltd. acquired Park Avenue, a student accommodation asset in Melbourne, for A$97million. This marks its first foray into Australia's PBSA sector, aligning with its Asia Pacific Living strategy toexpand investments in high-quality residential assets. The move boosts M&G's exposure in the region's housingmarket to U$1.3 billion and targets sustainable growth near leading universities.​

UOL Group Ltd, through its subsidiary 388 GSS Property Pty Ltd, acquired 50% ownership of 388 George Street in Sydney’s Central Business District for A$460 million. This strategic move aligns with the Group's goal of expanding in Australia, securing high-quality assets, and strengthening recurring income streams for sustained growth.​

GIC Pte Ltd, the Singapore based global long-term sovereign wealth fund, has entered into a joint venture agreement with National Storage REIT (NSR), the listed Australia based stapled REIT focused on self-storage and warehouse properties, to set up a 75% / 25% joint venture for the development of storage centers in Australia. NSR agreed to contribute its 10 foundation assets and GIC agreed to invest A$270 million over the initial 12-18 month period. 

Cambridge Social Infrastructure Fund, managed by Cambridge Real Estate Investment Management Pte Ltd, acquired the Hastings Village student accommodation complex in Port Macquarie, NSW, for A$120 million. 

Keppel Education Asset Fund, overseen by Keppel Capital Alternative Asset Pte. Ltd., has purchased an Educational Asset in Sydney for A$198 million. Additionally, in a connected deal, they have agreed to buy a seven-story commercial building located in North Sydney through a forward purchase agreement, bringing the overall transaction value close to A$200 million.

Sun Venture Investments Pte Ltd acquired an office building of Sumner Capital Pty Ltd, a Sydney-based investment advisor, for a total of A$148 million. With its first acquisition in the region, the company is looking forward to building its presence and portfolio in Australia.

Ascott Residence Trust acquired Nine quality serviced residences, rental housing and student accommodation properties for A$329.1 million. The acquisition is expected to strengthen ART’s presence in its existing markets. Post-acquisition, ART’s portfolio will exceed 100 properties, with over 18,000 units across 47 cities and 15 countries.

City Developments Limited and HThree Capital Pte.Ltd acquired an 18-storey building in downtown Melbourne from AMP Capital Investors Limited for A$235.4 million. Following completion of the acquisition, HThree will manage the asset with a focus on driving value appreciation through active leasing and asset enhancement initiatives. 

Sim Lian Group Limited acquired Shepparton Marketplace Shopping Centre from Dexus Wholesale Property Fund for A$136.5 million. Sim Lian-Metro Capital is looking to expand its local portfolio of office and retail assets to about $1.2 billion at a time when some other buyers are out of the market.

CapitaLand Commercial Trust Management Limited acquired 50% interest in 101 – 103 Miller Street and Greenwood Plaza for approximately A$420 million. It will be funded by a combination of debt, divestment proceeds, and remaining proceeds of about S$95.9 million from the private placement. Post acquisition of the three Australian properties, CICT’s pro forma aggregate leverage will be about 41%.

Palm Beach Motor Yachts, a subsidiary of Grand Banks Yachts Ltd., has acquired the Wild Oats XI. The vessel will undergo extensive modifications to enhance its performance and will compete under the new name Palm Beach XI in the upcoming 80th Rolex Sydney Hobart Yacht Race.​

High Street Holdings acquired the George Williams Hotel for A$34 million, ahead of increased hotel demand driven by the upcoming 2032 Olympics. This acquisition reflects growing confidence from overseas investors in Brisbane’s hotel sector and the city’s long-term growth potential.​

Keppel Education Asset Fund and Keppel Capital Alternative Asset Pte Ltd acquired the Charles Sturt University campus in North Sydney for A$65.5 million (US$43.2 million). This acquisition strengthens Keppel’s portfolio of education-related assets in the Asia Pacific, supporting their strategic focus on value-add investments in educational facilities.​

Furama Hotels International acquired Skye Suites Sydney from Crown Group Holdings Pty Ltd for A$68 million.The transaction also includes, the ‘Our Skittle Place’ Retail precinct, comprising six retail outlets located on the ground floor of the development; providing approximately 918sqm of lettable area, and anchored by national operator Soul Origin.​

The Hour Glass Ltd of Singapore acquired 100% of the shares of SPV, a jewelry store operator, for A$90million. This acquisition aligns with the Group’s strategy to further expand its presence in Australia and enhance its retail footprint. It is anticipated that the acquisition will bring a larger client base and operational synergies to THGA’s business.​

Affinity Equity Partners (S) Pte Ltd, a Singapore-based private equity firm, acquired Pacific West Foods Australia Pty Ltd, a company specialising in food production and distribution. This acquisition aligns with Affinity Equity Partners' strategy to invest in established businesses with growth potential in the Asia-Pacific region.​

Move Repeat Pte. Ltd. acquired a minority stake in REVL Training Pty Ltd to support its global expansion, aiming to double studio locations and significantly boost revenue. The investment will drive growth into Southeast Asia, New Zealand, the US, and the UK, focusing on mindful and sustainable scaling in the fitness industry.​

Overstory of Singapore acquired Marengo Road Vineyard in Tasmania to double production, expand its portfolio, and strengthen global market presence. The vineyard’s terroir enhances wine quality, while its size supports new plantings and future growth. The deal also diversifies regional operations and includes plans for organic conversion over three years. All employees have been retained.​

Singapore-based Vitacellfood Pte Ltd, an investment firm specializing in innovative small to medium-sized food companies, has acquired Health Lab Pty Ltd, an Australian wellness brand for women, from Trinn Pty Ltd and Demicoli Group Pty Ltd.​

Fragrance Group Limited acquired the 122-key Allurity Hotel and the 50-key Fountainside Hotel from the University of Tasmania's Endowment Arm for A$42 million, fully paid as part of the common equity consideration for both properties.

Inkwood Pte. Ltd. completed the acquisition of 40% stake in Elite Vacation Pty Ltd from James Social Pty Ltd for A$40 million. Following the acquisition, Elite became an indirect wholly-owned subsidiary of the Company. 

Invictus Development, a real estate investment firm, acquired the Old Clare Hotel in Sydney's southern CBD and for A$97.7 million and The Inchcolm by Ovolo for A$38.9 million, expanding its portfolio to five hotels. These acquisitions and refurbishments were valued at around US$270 million, part of the US$500 million earmarked by Invictus for Australian hotel investments.

Singapore-based agri-food giant Wilmar International became the sole owner of Goodman Fielder, the Australia-based food manufacturer, by acquiring the remaining 50% stake for about A$461 million. The investors paid A$1.4billion for Goodman Fielder in 2015. 

Keppel Ltd, through its Australian subsidiary Ixom Holdings Pty Ltd, has acquired Hilditch Pty Ltd. The terms of the deal were undisclosed. This acquisition strengthens Ixom’s position in the chemical distribution market by expanding its product range and enhancing its supply chain capabilities, while also supporting Ixom’s strategic growth in its core chemical markets.​

De.Mem Ltd has acquired Core Chemicals Pty Ltd from private investors. The deal was completed on 31 October 2025, was valued at A$2.7 million (US$1.8 million). The deal aligns with De.Mem’s strategy to acquire profitable, niche water and chemical businesses complementing its decentralised treatment services.​

An investor group comprised of Bastion Mining Pte Ltd of Singapore, a unit of Boroo Pte Ltd, and Ganbayar Lkhagvasuren acquired in Xanadu Mines Ltd (Xanadu) total A$17.2 million to gain exposure to the Kharmagtaicopper-gold project in Mongolia, strengthen strategic control, and support growth through funding and operationalsynergies.​

Ganzhou Chenguang Rare Earths New Material Co., Ltd. agreed to acquire an 80.14% stake in Peak Rare Earths Limited for approximately A$100 million. The acquisition, later restructured so that Shenghe Resources (Singapore) Pte. Ltd. would complete the purchase, valued Peak at A$173 million as of September 2025. This strategic deal aims to advance the development of Peak's Ngualla rare earth project in Tanzania.​

GIC Pte Ltd has acquired a 10% stake in NSW Electricity Networks Operations Trust, also known as Transgrid, from Utilities Trust of Australia Pty Ltd for A$1 billion (US$632.21 million). This strategic investment gives GIC exposure to Australia's largest high-voltage electricity transmission network, critical for supporting renewable energy integration.​

Greta Minerals PTE Ltd, part of Singapore-based Greta Group, has acquired Lithium and REE exploration assets in Western Australia, significantly enhancing its portfolio and expanding its operational footprint. They now hold over 700 km² of exploration tenements on the prospective Ida Fault, focusing on lithium and REE assets.

AMPYR Global Energy Holdings Pte. Ltd. acquired 100% equity in the Narromine Renewable Energy Project from MPower Group by conversion of project funding into equity in the project. The 4.99MW solar project, which began operations in July 2024, has performed as expected, exporting over 1,600MWh in its initial months. MPower will remain as the operations & maintenance provider.​

Provident Minerals Pte. Ltd. has made a tender offer to acquire a 68.9% stake in Sihayo Gold Limited for A$18.9 million. Provident Aurum already holds 31.1% of Sihayo’s shares, with additional voting interests from Eastern Field Developments Limited (6.2%) and Mr. Gavin Arnold Caudle (3.2%).​

Golden Energy & Resources Ltd (Singapore) and M Resources Pty Ltd (Australia) acquired Illawarra Metallurgical Coal from South32 Ltd for A$2.54 billion. The deal supports South32’s shift toward low-carbon commodities, simplifies operations, and redirects capital into copper and zinc development.​

Jadestone Energy, an Asia-Pacific oil and gas company, acquired an additional 16.6% stake in Western Australia's offshore oilfields, boosting its non-operated interest in the CWLH fields to 33.3%. The company would pay up to A$171 million for the acquisition, which included $14 million upfront and up to $157 million into the CWLH Abandonment Trust Fund in three instalments in 2024.

United Tractors, a subsidiary of Jardine Cycle & Carriage, invested A$943 million in Nickel Industries, through its subsidiary PT Danusa Tambang Nusantara. The companies signed a collaboration agreement and had planned potential future Indonesian nickel mining and processing initiatives.

RATCH, through its subsidiary RH International Corporation, has entered into an agreement to acquire 100% of Nexif Energy Holdings BV and 100% of NXF Holdings 2 Co from Denham Capital for A$874.6 million. The acquisition would aim to develop a pipeline and establish Nexif Rach JV for income stability and long-term growth.

Verge HealthTech Fund has acquired an undisclosed minority stake in Sydney’s Understanding Zoe Pty Ltd for A$0.77 million (US$0.50 million). The investment supports Understanding Zoe’s AI-driven platform that assists parents and caregivers in managing care for neurodivergent children by consolidating clinical and behavioural data, and also enables the company to expand its product range, deepen market penetration, and support ongoing research.​

Infravision Holdings Pty Ltd has raised A$139 million (US$91 million) in a Series B funding round led by GIC Pte Ltd, with participation from Activate Capital, Energy Impact Partners LLC, and Hitachi Ventures GmbH. The funding will accelerate the global deployment of Infravision’s TX System and support the company’s growth to meet rising electricity demand and modernise transmission infrastructure.​

ShoreTree Holdings Pte Ltd, through its subsidiary Kerner Norland Pte Ltd, has acquired a majority stake in 4impact Holdings Pty Ltd. The deal terms were undisclosed. This acquisition supports ShoreTree’s strategic regional expansion by integrating respected Queensland-based digital transformation and software engineering firms into its global network.​

Ensign Infosecurity Pte Ltd. acquired remaining 16.9% stake in Vectra Corporation Limited from Trusec Info Pty Ltd for A$1.6 million to gain full ownership, enabling greater strategic control, operational integration, and synergy realization. The deal was based on Vectra’s strong financial performance and growth potential.​

SoftBank Robotics Singapore acquired a 17.6% stake in Perth-based iCetana Ltd for A$1.9 million to enhance its AI surveillance capabilities and expand into smart security solutions. The investment supports its broader strategy of integrating advanced analytics into robotics and facility management.​

Infosys Singapore Pte Ltd acquired The Missing Link Security Pty Ltd, along with The Missing Link Network Integration Pty Ltd and The Missing Link Automation Pty Ltd, for A$98 million. The deal strengthens Infosys’ cybersecurity capabilities and expands its presence in Australia and Asia, enhancing its ability to provide end-to-end cybersecurity solutions for global clients.​

Cadwell Industries, Breakthrough Victoria, and TrialCap Pte Ltd invested A$40 million to rescue Seer Medical from financial struggles. Cadwell will integrate Seer’s EEG technology into its neurodiagnostic portfolio, expanding epilepsy care globally. The deal ensures Seer retains most employees, with Breakthrough Victoria’s investment converted into equity, securing the company’s future.​

Enyoo Hoeng Guan of Singapore acquired a 5.3% stake, in I Synergy Group Ltd, a Melbourne-based provider of marketing consulting services, for total A$0.09 million, in a privately negotiated transaction.​

A consortium led by Openspace Ventures invested A$20 million in AMP, an Australian e-commerce tools provider, to boost its AI capabilities, expand product offerings, and integrate Back In Stock’s technology. The funding will also support customer growth and strengthen AMP’s presence across North America, Europe, and APAC.​

Penguin Random House Pte Ltd, a Singapore-based unit of Times Publishing Ltd, acquired Melbourne-based Text Publishing. The deal strengthens their distribution partnership in Australia and New Zealand, while ensuring Text retains creative independence. It supports PRH's strategy to expand in high-quality publishing markets.​

Ensign Infosecurity Pte Ltd. acquired an additional 43.5% stake in Vectra Corporation Limited for A$4.1 million. After the acquisition, EIS SmartTech holds an 83.1% interest in Vectra's issued share capital.

An investor group, including DRW Venture Capital LLC, Schneider Electric Energy Access Asia, International Development Enterprises, Impact Investment Fund (a unit of Save the Children Australia), Spark+ Africa Fund SCSp, and Kibo Investments Pte Ltd, acquired a minority stake in ATEC Australia-International Pty Ltd, a Castlemaine-based electronic appliances wholesaler, for A$5.6 million in a privately negotiated transaction.

SQREEM Technologies, specializing in AI, acquired Trade Indy, an advertising tech firm, for A$44.9 million via a share swap transaction. This move would propel SQREEM to the forefront of global AI innovation and offer strategic advantages for both companies in driving client growth and expanding global influence.

An investor group including Jungle Ventures, King River Capital, and Yarra Capital Management acquired a minority stake in Digital Services Australia IV Pty Ltd for A$30.8 million in a privately negotiated transaction.

Keppel Ltd has acquired Crown Coaches Pty Ltd through its subsidiary Ventura Motors Pty Ltd in a deal valuing the company’s equity at approximately A$20 million. The acquisition marks the end of Crown Coaches as an independent operator and expands Ventura’s presence in the bus transport sector.​

A consortium led by Temasek Holdings (Pte) Ltd, the state-owned sovereign wealth fund of the Government of Singapore has acquired an undisclosed stake via series A+ funding in Samsara Eco Pty Ltd, the Australia-based plastic recycling technology firm for A$100 million.

Jebsen & Jessen Group has acquired GMA Garnet Group, the world's largest integrated garnet company, to expand its industrial portfolio and strengthen its global presence. The deal, part of its 'Advance & Build' strategy, marks its largest investment to date. GMA will receive capital investments to boost mining and processing capacity, reinforcing its industry leadership while maintaining its brand and leadership structure.​

Cyan Renewables Pte Ltd acquired MMA Offshore Ltd for A$1.1 billion. The deal strengthens Cyan’s position as the largest offshore wind energy services platform in APAC, leveraging MMA’s fleet and operational presence. It aligns with Cyan’s energy transition goals, reinforcing its leadership in marine and subsea services.​

Keppel Infrastructure Trust acquired 98.6% of Ventura Motors Pty Ltd for A$600 million, with Andrew Cornwall retaining a minority stake. The deal expands KIT’s transportation portfolio, ensures stable revenues through long-term government contracts, and supports zero-emission bus adoption, reinforcing Ventura’s market leadership and electrification efforts.​

Techno Fibre (S) Pte Ltd, through its wholly-owned subsidiary TF Corp Pte Ltd, signed a conditional share sale deed to acquire Trovon Group Pty Ltd. The acquisition aims to enhance its rail maintenance capabilities and support its global expansion strategy.​

Softbank Robotics Singapore Pte. Ltd. acquired Millennium Services Group Limited for A$57.2 million. The consideration was to be paid at a price of A$1.15 per share of Millennium. The acquisition would offer digitally supported cleaning services enhanced with automation, robotics, and data-driven insights. Together, this would drive innovation and deliver optimized solutions, revolutionizing the industry.

Singapore Post Ltd, the Singapore based provider of postal and logistical services, through its subsidiary Freight Management Holdings Pty Ltd (FMH) acquired Border Express Pty Ltd, a transport and distribution services company for A$120 million. With the acquisition, the FMH Group's revenues are expected to exceed S$1 billion, solidifying its position as a leading national logistics player in Australia's integrated logistics landscape.

Singapore Post Ltd acquired 37% of Freight Management Holdings Pty Ltd, the Australia based logistics services company providing integrated supply chain and distribution solutions for about A$175.4 million. The strategic acquisition of FMH was a key move in strengthening the SingPost Group’s position in the overseas logistics space.

ComfortDelGro Corp Ltd acquired A2B Australia Ltd, a leading Australian taxi network and a major technology and payment solutions provider for A$181.9 million. The acquisition of A2B is well aligned with the company’s strategy to further grow and improve its point-to-point mobility business in Australia.​

Ferronova Pty Ltd has raised A$6 million (US$3.98 million) in a Series A funding round. The round was led by Uniseed Pty Ltd, Artesian Venture Partners Pty Ltd, and Ultragreen.ai Ltd via its subsidiary Renew Pharmaceuticals Ltd.​

Vaxxas Pty Ltd secured approximately A$90 million in a major funding round comprising Series D equity and debt facilities to accelerate development and scale-up of its needle-free HD-MAP vaccine technology. The fundswill support manufacturing expansion and late-stage clinical trials.​

Meiban Corp Holdings acquired a 20% stake in Planet Innovation Holdings to form a strategic alliance offer ingintegrated CDMO services for the MedTech sector. The partnership combines PI’s design and innovation expertise with Meiban’s high-volume manufacturing across Asia, streamlining product development and delivery globally.​

Richards Health Group Pte. Ltd. and Richards Packaging Holdings US Inc. acquired Dermapen World for A$61.6 million to expand its healthcare portfolio, leveraging Dermapen’s global brand and integrating it with Richards’ existing product lines. The deal strengthens its position in dermatological devices and supports globalgrowth.​

GIC Pte Ltd, Temasek, and TPG have acquired a significant stake in Novotech (Australia) Pty Ltd, to support its global expansion as a leading biotech-focused CRO. The investment aims to drive organic growth, enable transformative acquisitions, and consolidate its presence in Asia-Pacific, North America, and Europe.​

Singapore-based TW Pengu Holdings Ltd, a leading oncology and oncology-related clinic group in Asia, which includes key entities such as OncoCare, NHC, SBSC, CLIOC, and Can-Care, has acquired the Hong Kong business of Integrated Clinical Oncology Network Pty Ltd, an Australian cancer treatment services provider. TW Pengu aims to expand oncology services in Hong Kong, building on Icon's established care model.

SPRIM Global Investments Pte. Ltd., a health sciences investment firm from Singapore, acquired an undisclosed stake in Australia's ProTA Therapeutics Pty Ltd, a developer of immunotherapy treatments for food allergies. ProTA raised A$31.5 million in equity and debt from SPRIM, which would accelerate its drug development and clinical trial program, particularly as it advances towards Phase 3 trials.

Antler Innovation Pte Ltd of Singapore acquired an undisclosed minority stake in Oncorevive Pty Ltd, a Brunswick-based provider of biotechnology research and development services, for a total A$0.2 million in a privately negotiated transaction.

Sequoia Capital and Singapore's sovereign fund GIC invested in Novotech (Australia) Pty Limited, a clinical research provider, at a valuation exceeding US$2.3 billion. This deal involved TPG selling over 10% of Novotech, which was gearing up for an IPO in Hong Kong.

Lyte Ventures Pte Ltd acquired an undisclosed minority stake in Real Flow Finance Pty Ltd in a private deal valued at an estimated A$3.5 million (US$2.31 million). The terms of the transaction remain undisclosed. The funding supports Real Flow’s growth as it expands its services to assist property sellers with costs such as listing fees, décor, and renovations.​

Oeuvre Financials Pte Ltd has acquired 100% of Fundo Loans Pty Ltd from Bishara Hatoum. The deal terms were undisclosed.​

Svava Pte Ltd acquired an 18.8% stake in SelfWealth Ltd and proposed to purchase the remaining 81.1% at A$0.28 per share, a 133% premium to a prior offer by Bell Financial Group. In July 2025, Svava Pte Ltd acquired the remaining 81.19% stake in SelfWealth Ltd (SFW) for A$0.28 (US$0.17) per share, totaling approximately A$52.5 million (US$32.6 million) in cash. The move aims to enhance SelfWealth's growth, integrate it with Svava's wealth platforms, and provide superior value for shareholders.​

CapitaLand Investment Ltd acquired Wingate’s property and corporate credit investment management businessfor A$200 million to expand its private credit platform in Australia. The deal boosts CLI’s local presence, investor access, and deal origination capabilities, while solidifying Wingate’s leadership in private credit.​

Crypto.com has acquired Fintek Securities Pty Ltd., gaining an Australian Financial Services Licence to expand its financial product offerings and strengthen its market presence in Australia. This strategic move aligns with Crypto.com's goal to integrate traditional and digital financial services.​

Crypto.com has acquired Charterprime Ltd., a global financial exchange and brokerage service, to expand its financial product offerings, including securities and derivatives. This acquisition supports Crypto.com's strategy to integrate traditional finance with digital finance services​

Temasek Holdings acquired a minority stake in BetaShares Holdings Pty Ltd for A$300 million, supporting its growth and expansion. The deal aligns with Temasek’s long-term strategy, helping BetaShares scale its ETF offerings, enhance its financial services portfolio, and enter new markets.​

Sequoia Capital Southeast Asia acquired an undisclosed stake in Shift Financial Pty Ltd, the Australia based consumer finance company. The consideration was A$27 million and the transaction was a part of the Series C funding round, suggesting international venture capital investors are turning their attention to the Aussie market once again.​

An investor group, comprised of Clay SG Holdings II Pte Ltd and Clay SG Holdings III Pte Ltd, both a unit of a unit of Clay Holdings I Ltd, acquired the entire share capital of Soilbuild Australia Trust, provider of fiduciary services, from Soilbuild Business Space Holdings Pte Ltd, for a total A$232.3 million. ​

Sim Lian - Metro Capital Pte Ltd of Singapore acquired the entire share capital of Rockworth (Australia) Pty Ltd, a Melbourne-based portfolio manager, for a total A$138.3 million. This acquisition aligned with Sim Lian's strategy to enter new markets and enhance its real estate holdings in Australia, particularly focusing on strategic locations that cater to the daily shopping needs of growing communities.​