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Blackstone, GIC might have to share DLF stake; Citic plans RE investments abroad

* DLF Ltd.'s promoters could divide their 40% stake in DLF Cyber City Developers Ltd. between U.S. private equity firm Blackstone Group and Singaporean sovereign wealth fund GIC, The Economic Times of India reported, citing three persons familiar with the development.

The two would have an equal share of the stake, but one of the sources said the bidders would each prefer to acquire the interest as a whole, according to the report.

* Despite China's increasingly stricter regulations on outbound capital, Citic Capital still plans to advance its expansion of real estate investments in Japan, Britain and the U.S., the South China Morning Post reported. Stanley Ching, Citic Capital head of real estate, believes that Chinese companies wanting to diversify abroad will continue to be "a sign of the times."


* The sale price for GPT Group's GPT Wholesale Shopping Centre Fund's 50% stake in the Westfield Woden shopping center in Canberra amounted to A$335 million, The Australian Financial Review reported. The fund struck a transaction with Perron Investments at an 11.7% premium to the asset's book value.

* Investa Office Fund said Investa Property Group CEO Jonathan Callaghan stepped down as the executive director of the listed fund's responsible entity. Callaghan resigned to prevent any indication of conflict of interest amid Cromwell Property Group's attempts to privatize IOF.

* The Swiss AFIAA Foundation for International Real Estate Investments acquired STRAITS REAL ESTATE Ltd. Singapore's 114 William Street property in Melbourne for approximately A$161.5 million. The 23-floor office building has roughly 21,000 square meters of floor space. Office area covers about 97% of the tower, while retail accounts for the remaining space.

* A BIS Shrapnel report showed that average apartment price movement in Sydney will be flat in 2017, while prices will drop in Melbourne and Brisbane, the AFR reported.

On the other hand, office vacancies in the three cities will tighten in the same year due to stock withdrawals, tenants relocating to central business districts and more leasing activity, according to the publication, citing JLL.

* Following in the footsteps of New South Wales, the state of South Australia seeks to conduct a sale-by-tender for its land titles unit, the AFR reported. Investec, the South Australian government's adviser, officially launched the bidding process, with detailed expressions of interest to be accepted until noon Jan. 13, local time.

Hong Kong and China

* CIFI Holdings (Group) Co. Ltd. said the Shanghai Land Transaction Affairs Center's decision not to return a unit's security deposit for a bid on a Shanghai land parcel "is without justification," according to a filing. CIFI's Shanghai Xubei Industrial Ltd. submitted an approximately 374.0 million-Chinese-yuan deposit as part of the tender requirements, but it did not show up for a scheduled tender activity, which led to the forfeiture of the deposit.

The SCMP reported that analysts consider the government's action harsh, and that it is a reflection of its push to strengthen regulations nationwide to create a transparent market. It is also seen as a reminder for developers to pay attention to rules, the report said.

* Home prices in Hong Kong may rise between 5% and 10% in the first six months of 2017, despite the government's property cooling measures, The (Hong Kong) Standard reported, citing DTZ/Cushman & Wakefield Senior Managing Director Alva To Yu-hung.

* The increasing level of regulation meant to control the real estate market, combined with a negative outlook for the sector in 2017, has led Chinese property developers to consider other "niche" projects, including theme parks, pension homes and malls, the SCMP reported.

* New home sales in China increased 16% year over year to 910 billion yuan in November, the slowest pace of growth so far in 2016, Bloomberg News reported, citing National Bureau of Statistics data.


* Activia Properties Inc. priced its issuance of 4,520 investment units at ¥468,283 apiece. The company expects to record approximately ¥2.12 billion of net proceeds, which will be used as partial funding for the acquisition of the A-FLAG KOTTO DORI property.

* The development of Tokyo's Hamamatsucho area near the Tokyo International Airport is progressing, with East Japan Railway Co., Tokyu Land Corp. and Nomura Real Estate Holdings Inc. participating in large-scale projects, including a five-building complex in front of Hamamatsucho Station, Tokyo's The Nikkei reported.

* Sumitomo Realty & Development Co. Ltd. launched sales for 1,450 apartments in its Deux Tours Canal & Spa residential complex in Harumi, Chuo-ku, Tokyo, Jutaku-Shimpo-Sha reported.


* Ascendas Real Estate Investment Trust trustee HSBC Institutional Trust Services (Singapore) Ltd. will redeem S$300.0 million of 1.60% exchangeable collateralized securities due 2019 on Feb. 1, 2017.

* SRX Property's flash estimates showed that resale prices for nonlanded private homes increased 0.3% month over month in November, The (Singapore) Business Times reported.

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Data Dispatch Asia-Pacific: Asia-Pacific real estate companies raise nearly US$78B YTD: SNL-covered Asia-Pacific real estate companies raised US$1.75 billion in November, the slowest month for capital-raising activity in the past year.

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

Cam Nones and Jaekwon Lim contributed to this report.