This feature rounds up recent property news from S&P Global Market Intelligence's covered companies and highlights larger deal coverage already published.
* Japan Retail Fund Investment Corp. resolved to purchase the G-Bldg. Abeno 01 annex building in Osaka for ¥185 million from an unnamed vendor. The shopping center-focused real estate investment trust is targeting the property as it is adjacent to a company-owned asset, and both can be redeveloped into a single project in the future.
* Kenedix Residential Next Investment Corp. plans to invest an estimated ¥110.0 million to secure a roughly 12.4% stake in the G.K. Tropic III partnership, which owns the Serabi Ebisu asset in Tokyo and the Arute Ishiyagawa property in Kobe. The multifamily REIT will gain negotiation rights for the acquisition of the aged care facilities as a result of the investment.
* Singaporean developer First Sponsor Group Ltd. completed its nearly €6.9 million divestment of the 65-room Bilderberg Landgoed Lauswolt hotel in Beetsterzwaag, the Netherlands, to a Landgoed Oranjewoud Participaties BV subsidiary.
The transaction was carried out through the sale of First Sponsor's indirect shareholding in the owner of the property, B.V. Landgoed Lauswolt.
China Vanke logs YOY jump in H1'18 contracted property sales
Mapletree Logistics to buy 5 Singaporean warehouses from HNA for S$806M
Country Garden posts 412.49B yuan in 6-month contracted sales
China Overseas Land's June sales grow YOY to HK$38.13B
As of July 4, US$1 was equivalent to ¥110.54.