trending Market Intelligence /marketintelligence/en/news-insights/trending/2Qia-chLYfLxxhln38snBg2 content esgSubNav
In This List

Dalian Wanda Commercial buyout closes; Charter Hall to launch Long WALE REIT in October

Blog

Corporate Credit Risk Trends in Developing Markets An Expected Credit Loss ECL Perspective

Blog

Highlighting the Top Regional Aftermarket Research Brokers by Sector Coverage

Blog

Corporate Credit Risk Trends in Developing Markets: A Loss Given Default (LGD) Perspective

Blog

Real Estate News & Analysis: May Edition


Dalian Wanda Commercial buyout closes; Charter Hall to launch Long WALE REIT in October

* Dalian Wanda Group Co. Ltd.closed its bid to take DalianWanda Commercial Properties Co. Ltd. private. As of Sept. 27 at 4p.m. local time, 99.05% of the property arm's in Hong Kong have been tenderedto the parent and its joint offerors.

* the product disclosurestatement and timetable for a A$1.12 billion REIT that will target primeAustralasian office properties with long-term leases to government andcorporate tenants.

Accordingto a timetable, the IPO for Long WALE REIT is expected to open Oct. 18 forinstitutional investors, and it will commence trading on the Australian bourseon a normal settlement basis Oct. 31.

* STR said hotels in theAsia-Pacific region recorded mixed year-over-year results in August based onthree key metrics when reported in U.S.-dollar-constant currency. RevPAR fell0.8% to US$72.11 and average daily rate dropped 2.0% to US$98.38, whileoccupancy rose 1.2% to 73.3%.

HONG KONG AND CHINA

* saidthe group's total contracted sales amounted to around 2.73 billion Chinese yuanin August, representing a gross floor area of approximately 209,309 squaremeters.

Thecompany also restructured approximately 46.50 billion yuan of its onshoreliabilities as part of its reorganization.Kaisa also said the related court, arbitration and enforcement proceedingsagainst the company have been or are expected to be withdrawn.

* on Sept.22 completed the redemption of US$350.0 million of 9.875% notes due 2017. RoadKing Infrastructure Finance (2012) Ltd. applied to the Hong Kongbourse to withdraw the listing of the notes, effective Oct. 3.

* plansto issue U.S. dollar-denominated notes via an international offering. GuotaiJunan Securities (Hong Kong) Ltd., ABCI Capital Ltd., Merrill LynchInternational and CLSA Ltd. are the joint lead managers and the joint bookrunners of the proposed issuance.

* Mainland Chinese companieshave acquired US$3.65 billion worth of offices in Hong Kong so far in 2016, assome of them prefer buying an entire building to take advantage of increasingrents in the region, The Wall StreetJournal reported,citing data from Real Capital Analytics.

* Flexible workspaces willcontinue to be an emerging trend in Hong Kong, as evidenced by HSBC's occupancyof up to 400 desks at WeWork's Tower 535 office building in Causeway Bay,according to a Colliers International Group Inc. report.

* Moody's said home prices in70 major cities in China continued to rise in August, which could lead totighter regulatory controls in certain second-tier cities.

* Hangzhou increased theminimum down payment ratio from 40% to 50% for second-home buyers who useHousing Provident Fund loans, and the minimum down payment ratio for othersecond-home buyers from 30% to 50%, the SecuritiesTimes reported.

* The Shanghai Stock Exchangeis considering raising the threshold for Chinese property developers to sellexchange-traded bonds, among other changes, the 21st Century Business Herald reported.

AUSTRALIA

* Chairman David Chiu Tak-cheong said the company is ramping up its expansion inAustralia, due in part to the country's favorable immigration policies,increased market appetite of Chinese buyers and expensive land prices in HongKong, the South China Morning Post reported.

* abandoned a A$600million twin-building plan on the Gold Coast, amid uncertainty over agovernment decision on a masterplan for The Spit precinct, The Australian reported,citing Sunland Chairman Soheil Abedian.

* secured long-termlease deals with Iron Mountain and MTD Products. The two are the anchor tenantsof DEXUS Wholesale Property Fund's Drive Industrial Estate in Brisbane, the AFR reported.

* settled the A$158.6million acquisition of WesTrac Newcastle facility Sept. 27. The company fundedthe purchase with an A$85.0million equity raising and drawdown from existing and new debtfacilities.

JAPAN

* plans to issue up to¥100 billion of unsecured investment corporation bonds between Oct. 1 and Dec.28.

SINGAPORE

* The Urban RedevelopmentAuthority saidthat Sing Development (Pte.) Ltd. and Wee Hur Development Pte. Ltd. submittedthe highest bid for a residential site at Fernvale Road, amounting to S$287.1million. The 17,195.9-square-meter site comes with a 99-year leasehold.

* Office rents and occupanciesat older grade A properties are expected to continue falling prior to bottomingout in 2018, as more occupants transfer to new prime properties, The (Singapore) Business Times reported,citing Knight Frank.

ELSEWHERE IN SOUTHEAST ASIA

* seeks toexpand in Thailand's logistics and warehouse sector due to its strategiclocation in Southeast Asia, Bangkok Postreported.

* Mitsui Fudosan also said that it and Ananda Inc. will startthe marketing and sales for 2,100 condominium units across three Bangkokprojects in October.

* allotted up to70 billion Philippine pesos for capital spending in 2017, which will be usedfor mall, and hotel developmentprojects, The Manila Times reported,citing JeffreyLim, SM Prime executive vice president.

Now featured on S&PGlobal Market Intelligence

: FormerTreasury Secretary Hank Paulson and Former U.K. Chancellor of the ExchequerGeorge Osborne said ultra-loose monetary policy has increased risk and thatpolicymakers face a tough task in normalizing policy.

The Daily Dose Asia-Pacific,Real Estate edition is updated by 6:30 a.m. Hong Kong time. Some external linksmay require a subscription. Articles and links are correct as of publicationtime.

Cam Nones, John Chan andJulie Zhu contributed to this report.