Resimax Group is in advanced negotiations to sell a 49% interest in its flagship Eynesbury Estate development to Mitsubishi Estate Asia, according to reports from the Australian Financial Review.
The deal, which would see the Japanese property giant take a near-half stake in the project, represents a significant capital recycling move for Resimax founder and managing director Ozzie Kheir.
While specific financial terms were not disclosed, the transaction underscores the growing appetite of international investors for high-quality Australian residential assets.
This development aligns with a broader trend of foreign capital flowing into Australian real estate, as seen in recent transactions such as the sale of the Elephant Park residential portfolio in London by CPPIB and Lendlease to Greystar.
Such moves highlight the strategic importance of partial divestments in unlocking value and managing balance sheet exposure in a shifting market environment.
For investors, the deal suggests Resimax is prioritizing liquidity and risk mitigation while retaining a controlling interest in one of its most prominent projects.