This feature rounds up recent property news from S&P Global Market Intelligence's covered companies and highlights larger deal coverage already published.
Japan
* Daiwa House REIT Investment Corp. is selling the Crest Kusatsu residential property in the Shiga prefecture to SCORE Dormitory TMK for an estimated consideration of ¥2.80 billion. The 15,176.45-square-meter building is expected to be disposed of June 22.
Daiwa House paid about ¥3.00 billion for the purchase of the property. In a news release, it noted that net proceeds from the planned sale will be used for future asset purchases and loan repayments.
* Multifamily-focused Comforia Residential REIT Inc. said its roughly ¥880.0 million acquisition of the College Square Hachimanyama apartment building in Tokyo from an unnamed domestic vendor was completed, as planned, May 25.
India
* DLF Ltd. sold approximately 48,000 square feet of office space in Gurugram to an unidentified "big corporate house" for about 1.50 billion rupees, unnamed sources told The Economic Times of India. The divested space is part of the developer's Two Horizon Center project, which lists Samsung, Harvard Business Review, KIA Motors and Hero Cycles as among its tenants.
Additional coverage
Sales campaign for Sydney public housing building launches
Mirvac signs deals to buy 278 hectares of land in Melbourne
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As of May 25, US$1 was equivalent to 67.80 Indian rupees and ¥109.37.
