* The board of Investa Office Fund's responsible entity and Blackstone Group LP worked together to address the conditions that the private equity giant has set out in its increased offer for the Australian listed landlord, with the earliest practicable date for the scheme meeting set on Sept. 17.
* The closing of Wheelock and Co. Ltd.'s over S$2.5 billion takeover offer for its Wheelock Properties (Singapore) Ltd. subsidiary was extended to Sept. 21 from Sept. 7. The proposal to also delist the Singaporean unit was accepted by 928,340,613 shares, or 77.58%, of the target's total number of shares on issue as of the original closing date of the bid.
* A Sept. 7 court ruling is allowing 360 Capital Group to vote on NextDC Ltd.'s proposal to wind up Asia Pacific Data Centre, The Australian reported. The property investor and funds management group owns a 67.31% stake in the targeted Australian data center owner that is currently selling NextDC-leased properties in Sydney, Melbourne and Perth for A$265 million.
* Crown Resorts Ltd. and Lendlease Corp. Ltd. claimed in the New South Wales Supreme Court that they should be allowed to see the details of the plan for the A$5 billion Central Barangaroo integrated development in Sydney ahead of a scheduled hearing date in October, The Australian reported.
The pair is seeking to prevent the state government's Barangaroo Development Authority from approving the proposed expansion to the project to protect views from their respective developments, which could be blocked by the mixed-use project undertaken by Grocon Pty. Ltd., Aqualand and Scentre Group.
* Farm owners in Melbourne's Tarneit suburb are collectively selling their properties for over A$200 million, according to the AFR. Combined, the farm plots form the 206-hectare Oakbank site, which can yield 2,600 houses once rezoned through a more than A$1 billion development.
Hong Kong and China
* China Vanke Co. Ltd. will go through a major restructuring to scrap all department settings and set up three major business centers, Caijing reported. The business development center will be responsible for strategies and researches; the management center will take care of all the budgeting and human resources; and the business support center will cater for information management and administration. Chairman Yu Liang, President and CEO Zhu Jiusheng, leaders of each of business center, partners and 26 executive partners of the company will be responsible for all decision making in the future.
* Longfor Group Holdings Ltd. won a bid for a 168,655-square-meter land in Nanjiang, China, for 2.36 billion yuan, Shanghai Securities News reported. Only three bids were submitted at the auction, and the average price of 13,993 yuan per square meter is 4,000 yuan lower than its adjacent land.
China Merchants Land Ltd. also bought a land in the city at the reserve price of 3.35 billion yuan, with a per square meter cost of 14,123 yuan.
* The government is inviting public tenders for a 17,598 square meter private residential land on Mansfield Road in the Peak on Hong Kong Island. The lot can provide a maximum of 37,561 square meter of gross floor area, and has a valuation of over HK$10 billion, according to Ming Pao.
* Meanwhile, all 72 units offered in the third round of sale at Sun Hung Kai Properties Ltd.'s Cullinan West II project in Hong Kong were sold Sept. 9, according to the South China Morning Post.
* Certain directors of Stamford Land Corp. Ltd. filed a defamation case in the High Court of the Republic of Singapore against Manohar Sabnani, a minority shareholder of the company, over defamatory statements made by the defendant since July 2016. A writ of summons was filed in the court in relation to the case, according to a news release.
Other real estate news
* Singapore's Ascendas-Singbridge Pte. Ltd. is marking its maiden foray into the real estate market of the U.S. with the purchase of a 33-property office portfolio for an undisclosed amount.
In July, the business space solutions provider's Ascendas Real Estate Investment Trust also commenced efforts to expand outside of their city-state base and into the European market by agreeing to buy 12 logistics properties in the U.K. for approximately £207.3 million.
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Rollen Catorce and Emily Lai contributed to this report.