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Dalian Wanda secures £500M for London project; Frontier to buy 50% of Mitsui mall for ¥15.10B

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Dalian Wanda secures £500M for London project; Frontier to buy 50% of Mitsui mall for ¥15.10B

* Dalian Wanda Group Co. Ltd.reached progress on its OneNine Elms mixed-use project in London by securing in financing, amid Brexitconcerns.

* plans to acquire a 50% co-ownership stake in the Mitsui Shopping Park LaLaportSHIN-MISATO's main building for ¥15.10 billion. The company already owns a 16%stake in the retail property in Misato-City, Saitama.

Anentity in which Mitsui FudosanCo. Ltd. made a preferred equity investment in owns the property.It is also the sole tenant for 142,315.54 square meters in the property.

* Fitch said the marketuncertainty caused by the Brexit vote would have "more pronounced"longer-term effects on LendleaseCorp. Ltd.'s European operations. Mid-term, the company couldexperience a slowdown in growth due to a drop in demand for U.K. properties.

However,the rating agency expects no ratings action in the near term, as theAustralia-listed company is capable of cash conservation where necessary.

* signed aloan facility deal worth 3.00 billion Chinese yuan with an undisclosed bank.The loan facility will mature three years from the date on which the lastadvance on the facility was made, according to a filing.

* provided anupdate on the statusof the flame-wrecked AmoycanIndustrial Centre in Hong Kong. The company plans to launch asafety probe and a structural survey for the required maintenance work,pursuant to the orders of the Buildings Department.

The108-hour blaze that began at about 11 a.m. on June 21 caused severe damage toseveral floors of the building, but the Buildings Department and theauthorities confirmed that the property is not going to collapse anytime soon.

HONG KONG AND CHINA

* A unit saidthe total issue size of its third-tranchebond offering is composed of five-year 700 million-yuan bonds with a 3.06%coupon rate and seven-year 3.0 billion-yuan bonds with a 3.68% coupon rate.

* Aside from an A long-termissue rating, S&P Global Ratings assigned a cnAA+ long-term Greater Chinaregional scale rating to The Link Finance (Cayman) 2009 Ltd.'s issuance ofUS$500 million fixed-rate senior unsecured notes. serves as a guarantor of the 10-yeargreen bonds, amongother entities.

* invitedholders of US$350.0 million 3.25% notes due 2018 to tender their notes for cashrepurchase by the company. The company also seeks the holders' consent forcertain proposed amendments of the bonds' terms and conditions.

* proposed an issuance of bonds on or around July 18 under a US$2.00 billionmedium-term note program. The company is yet to determine the terms andconditions of the proposal, including the principal amount, interest andmaturity.

* expects torestore its public floatin December and resume trading in Hong Kong in January 2017, pending thefulfillment of certain conditions such as the publication of its annual resultsfor the two years ended Dec. 31, 2015, and the results of an ongoing audit ofthe company.

* Despite a 6.7% overall economicgrowth in China for the second quarter, the growth of real estate investmentdropped in the first half at an increase of 6.1% year over year, compared witha 7% growth between January and May, Reuters reported,citing National Bureau of Statistics data.

Meanwhile,the news outlet separately reportedthat residential prices in 105 surveyed Chinese cities rose 1.95% in the secondquarter from the previous one, according to the Ministry of Land &Resources' China Urban Land Price Dynamic Monitor.

AUSTRALIA

* is tipped to beinterested in buying the Insurance Commission of Western Australia's WestraliaSquare Tower in Perth, which is the last remaining asset in the commission'ssale of an A$800 million portfolio, TheAustralian reported.The property could be sold at around A$140 million, the report said.

Thecommission recently offloaded the WestraliaPlaza inPerth for around A$87 million to Chinese company Zone Q Investments.

* Propertylink is expected tostart trading on the Australian Securities Exchange on Aug. 5 if itsuccessfully conducts an IPOworth between A$496.7 million and A$500.5 million, The Australian Financial Review's Street Talk reported.The company will submit a prospectus July 18 to the Australian Securities andInvestments Commission, according to the publication.

* acquired a 1,100-lotresidential project in Redbank Plains, Queensland, by establishing a 50/50joint venture with Thailand-listed SupalaiPCL for a new wholesale fund. Peet will be the development managerof the fund.

JAPAN

* The combined dividend yieldspaid out by 27 selected J-REITs for the fiscal half-year periods ended December2015 and May amounted to a record high ¥113.4 billion, the Nikkei Asian Review reported.

* Meanwhile,according to Real Estate Economic Institute Co. Ltd., new apartment sales inthe capital region fell 19.8% year over year to 14,454 units in the first half,the worst first-half record since 1992, TheYomiuri Shimbun reported.Rising construction costs built into sales prices dampened demand.

* changed its plan to build a 52-story apartment building in the Umeda districtof central Osaka, Tokyo's The Nikkei reported.The company will instead build a 56-story building that will have a 200-roomtourist hotel in middle floors to take advantage of the ongoing inbound tourismboom.

SINGAPORE

* Singapore propertydevelopers sold 536 units in June, down from 1,058 units in May amid a dearthin new project launches, The(Singapore) Business Times reported,citing data from the Urban Redevelopment Authority.

PHILIPPINES

* seeks to have 825,000square meters of gross leasable office area by Dec. 31, up from the current715,000 square meters, on the back of stable demand for office space in thePhilippines, The Philippine Star reported.

Now featured on S&PGlobal Market Intelligence

:The July 15 edition of the weekly news roundup of the Asian real estate spacealso features news about Brexit's long reach; and China Vanke's ongoingownership battle.

:The 10 most read real estate articles for the week ending July 15.

:Our real estate editors' picks for the best stories of the week ending July 15.

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.

S&P Global Ratings andS&P Global Market Intelligence are owned by S&P Global Inc.

Cam Nones and Jaekwon Limcontributed to this report.