trending Market Intelligence /marketintelligence/en/news-insights/trending/90J2V4Z2IDDhHHRSiYnO8Q2 content esgSubNav
In This List

Top shareholder backs Dalian Wanda privatization; German group plans Australia property fund


Japan M&A By the Numbers: Q4 2023

Case Study

An Investment Bank Taps S&P's Real Estate Modeling Expertise


FIMA EUROPE 2023: Exploring the Intersection of Data, Governance, and Future Trends in Finance


Private Markets 360° | Episode 8: Powering the Global Private Markets (with Adam Kansler of S&P Global Market Intelligence)

Top shareholder backs Dalian Wanda privatization; German group plans Australia property fund

* Dalian Wanda Group Co. Ltd.'sproposed buyout and privatization of DalianWanda Commercial Properties Co. Ltd. gained the support of the property developer's largest shareholder,China Life Insurance Co. Ltd.

* German company Real IS plansto introduce a property fund focused on Australia for institutional investors, asit sees more opportunities in the country than in Europe, IPE Real Estate reported.The fund will specifically concentrate on Brisbane, Melbourne and Sydney to builda portfolio of retail, logistics and office properties.

* Mitsui Home Co. Ltd. said that it will delaythe publication of its latest earnings results after accounting irregularities werefound in certain metrics in its fiscal 2014 and fiscal 2015 reports.

* Hotel investmentsin the Asia-Pacific region amounted to US$3.8 billion in the first half, up 13.2%year over year, with 59 transactions in 11 countries, The (Singapore) Business Timesreported,citing a Jones Lang LaSalle report. According to JLL, five out of the top 10 hoteldeals in the period were in Japan.

* UHY Haines Norton saidthat real estate purchase taxes on prime properties in New Zealand are among thelowest worldwide. The accounting and consultancy network's study found that thecountry and Russia do not effectively impose purchase taxes on properties worthUS$1 million, compared to a global average of 3.3%.


* China Vanke Co. Ltd.'s ongoing corporate with its major shareholders puts aspotlight on how mainland Chinese banks are increasingly exposed to unstable marketsvia shadow lending schemes, Reuters reported.

* Global Logistic Properties Ltd. leased 61,000 square metersof logistics space in China as part of new agreements with three Chinese companies,including LF Logistics.

* New World Development Co. Ltd. and the Hong Kong Urban RenewalAuthority, or URA, placed 45 units for sale at their Skypark project in Mong Kok, The (Hong Kong) Standard reported.

The reportalso said that the URA, Paliburg HoldingsLtd. and Regal HotelsInternational Holdings Ltd. also sold 138 units worth HK$660 millionso far for The Ascentproject.

* The Hong Kong Monetary Authoritydoes not intend to keep banks on a short leash by issuing rules for mortgage loanson mini-storage facilities, amid the purported reluctance of banks to lend moneyfor such mortgages following the fatal fireincident at a Hang Lung PropertiesLtd. industrial facility in Ngau Tau Kok, The Standard reported,citing Sing Tao Daily.

* Demand and prices for commercialreal estate in Hong Kong fell further in the second quarter, accordingto the Royal Institution of Chartered Surveyors' Hong Kong Commercial Property MarketMonitor.

The surveyor'ssentiment index for occupancy dropped to -31 between April and June, compared with-24 in the first quarter, while the index for investor sentiment also declined byfour points to -28 in the comparable period.

* China Land Monitor Institutereleased data showing that the average price of land in 85 cities grew 5.79% yearover year in the second quarter, accordingto Xinhua News Agency.

* Xukun Lin, Deputy Secretary Generalof the Investment Division at China's National Development and Reform Council, saidthat he expects real estate sales to continue to grow in the second half of 2016,the Hong Kong Economic Times reported.


* Japan Hotel REIT Investment Corp. said that its overseasunderwriters were granted an option to take an additional 28,260 units as part ofthe REIT's approximately ¥34.92 billion capital increase. According to a filing,the company may also issue an additional 11,740 new investment units Aug. 23, pursuantto a third-party allotment to a domestic underwriter of the issuance.

* The Ministry ofLand, Infrastructure, Transport and Tourism recommended the ruling Liberal DemocraticParty to include measures in its upcoming economic policy package to boost existing-homesales, Jutaku-Shimpo-Sha reported.

* Sankei BuildingCo. Ltd. completed work on a 14-story rental apartment complex in Manato-ku, Tokyo,Jutaku-Shimpo-Sha reported.


* Investa Office Fund extended its lease deal with Telstraat 242 Exhibition St. in Melbourne for 11.5 years, according to a filing.Telstra extended its occupancyof 63,372 square meters at the office building until October 2031 from the originallease expiry of May 2020.

* Melbourne City councilors planto discuss the A$250 million renovation of the Queen Victoria Market soon, The Australian Financial Review reported.The private sector, specifically those in real estate, are following the progressof the project's planning stage, as it is expected to spur a series of redevelopmentactivity within the fresh market's surroundings.


* Following Hewlett Packard's leasedeal for a 450,000-square-footoffice building in Bangalore, Apple is tipped to have signed up for more than 40,000square feet of office space in the city, TheEconomic Times of India reported.


* Construction approvals for newhomes reached 79,912 in June, up 9.3% year over year from 73,102, amid an increasein permits in rural areas, Yonhap News Agency reported, citingdata from the Ministry of Land, Infrastructure and Transport.


* Monetary Authority of SingaporeManaging Director Ravi Menon was quotedby The Business Times as saying that "itis not time yet" to relax property cooling measures in Singapore. One of thereasons, the executive said, is that household debt sustainability is not yet fullyrestored in the city-state.

* Indonesian hotel company SahidGroup does not plan to launch REITs yet as they do not align with its business portfolioat the moment, The Jakarta Post reported,citing Sahid Group Chairman Hariyadi Sukamdani. Hariyadi noted that REITs are more desirable for companies withlarger recurring income such as malls compared to hotels with seasonal income.

* The property market in the Philippinesled the largest year-over-year growth in the first quarter in terms of industrialrevenue, The Manila Times reported,citing Philippine Statistics Authority data.

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

Cam Nones, Jaekwon Lim and SpencerSheehan contributed to this report.