Aware Super Becomes Majority Shareholder of Aparthotel Owner-Operator The July
Australia-based Aware Super Pty Ltd (“Aware Super”), one of Australia’s largest superannuation funds, has become the majority owner of The Netherlands-based aparthotel owner-operator The July B.V. (“The July”). Building on its initial investment made in July 2020, Aware Super has now acquired the 47.7% stake previously held by the Dutch pension fund asset manager APG Asset Management N.V. (“APG”), bringing its total ownership to over 99%. Managing more than AUD188 billion in assets, Aware Super’s investment in The July aligns with its broader commitment to deploy GBP5.25 billion into real estate, infrastructure, and private equity opportunities across the United Kingdom and Continental Europe. The July currently operates three aparthotels in Amsterdam and one in London, with three additional properties in the pipeline—set to open in Amsterdam, Lisbon, and Dublin between late 2026 and 2027.
Wing Tai Properties and CSI Properties to Develop a Mixed-Use Development in Hong Kong
Wing Tai Properties Limited (“Wing Tai Properties”), a subsidiary of Singapore-based Wing Tai Holdings Limited (“Wing Tai Group”), has announced a joint venture with Hong Kong-based CSI Properties Limited (“CSI Properties”) to develop Central Crossing, a mixed-use project in Hong Kong’s Central district with a total gross floor area of approximately 40,227 square metres (“sqm”). The project comprises twin towers: a luxury hotel tower, and an adjoining 28-storey Grade A office building with each standard floor spanning over 990 sqm. It will also integrate a bespoke lifestyle hub, green open spaces and heritage preservation features. The hotel will be managed by an international luxury operator, though the brand has yet to be announced. Located at 118 Wellington Street, the development will be linked to key transport hubs via Central’s elevated walkway system and will be closely connected to the Airport Express MTR station. The project is slated for completion in mid-2026. The site was sold to the joint venture in 2017 for a reported price of HKD11.6 billion, translating to HKD4.3 million per sqm for the 2,685 sqm site.
Serviced Apartment Development Site in Central Adelaide Acquired for AUD7.48 Million in Australia
Australia-based family-owned developer, AA Advancements Pty Ltd (“AA Advancements”), has acquired the former King’s Head Hotel site in Adelaide from the Mortgagee in Possession for AUD7.48 million. The site had remained dormant since its last recorded transaction in 2022 at AUD3.25 million. Located at the corner of King William Street and Sturt Street, the 780-square-metre site sits adjacent to the City South tram stop and is in close proximity to the Adelaide Central Market, Victoria Square, and Chinatown Adelaide. The property has an existing development permit granted by the State Commission Assessment Panel (“SCAP”) for a 16-storey serviced apartment tower. Approved plans include ground-floor retail, first-floor function space, and 118 serviced apartment keys—comprising 117 suites and a penthouse unit.
Quality Regent Hotel Rockhampton Sold in Queensland, Australia
The freehold Quality Regent Hotel Rockhampton has been sold for an undisclosed amount in Queensland, Australia. The hotel is currently leased to a single tenant, with 12 months remaining on the existing agreement. The transaction reportedly achieved a notably high price per-key and yield, highlighting strong investor appetite for stable, income-producing assets in Queensland. Located near Rockhampton’s central business district and the Fitzroy River promenade, the two-storey property features 49 guest rooms, an on-site bistro and cocktail bar, an outdoor pool, and conference facilities for up to 100 guests. The heritage-listed hotel was a redevelopment of an existing building that was completed in 2016. Limited new hotel supply in regional Queensland over the past decade has supported record-high occupancy rates and average daily rates. This transaction reflects sustained investor confidence in regional Queensland’s accommodation sector ahead of the Brisbane 2032 Olympic Games.
Samosir Regency Launches 22 km Lake Toba Beach Corridor Initiative, Indonesia
Samosir Regency unveiled a strategic plan to develop a continuous 22 kilometres beachfront from Tano Ponggol to Simanido Port on Samosir Island, aligning with Indonesia’s “New Balis” super-priority initiative and supporting the Toba Caldera Geopark’s UNESCO re-certification. The project aims to diversify tourism offerings through water- and land-based activities, bolster year-round visitation, and strengthen local economic growth. Multi-level collaboration with provincial and central authorities will expedite planning, land acquisition, and regulatory compliance. Strict environmental protocols and Batak heritage preservation measures are embedded in the design to safeguard Lake Toba’s geological and cultural assets. Stakeholders, including the Lake Toba Authority, will focus on integrated infrastructure, facility maintenance, and aligning investment strategies to ensure the corridor delivers sustainable, long-term benefits to Samosir’s hospitality, food and beverage, transport, and water-sports sectors.
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