* Blackstone Group LP is planning to buy an 80% stake in Nitesh Estates Ltd.'s Nitesh Hub shopping center in the Indian city of Pune, which will see Goldman Sachs Group Inc. exit its investment in the property, India's Mint reported, citing two people familiar with the transaction. The private equity giant will reportedly pay 3.10 billion Indian rupees for the mall, which is set to be redeveloped into a mixed-use project, according to one of the unnamed sources.
* Chinese property developer Country Garden Holdings Co. Ltd. filed an application with the Hong Kong stock exchange to list and deal shares of its Country Garden Services Holdings Co. Ltd. subsidiary, in support of its plan to spin off and separately list the property management business.
Hong Kong and China
* China Vanke Co. Ltd. tapped Japanese hotel operator Prince Hotels to help with its planned development of a ski resort in Beijing, the Nikkei Asian Review reported. The proposed resort, which will feature ski courses measuring 4.32 million square meters in total, is scheduled to be completed by 2037.
* HNA Group Co. Ltd. is understood to have taken to market nine properties in Shanghai and Beijing that are worth 14 billion yuan combined. The properties include the Shanghai HNA Tower, Shanghai Yangtze International Enterprise Plaza and Renaissance Shanghai Pudong Hotel.
* WeWork Cos. committed to lease roughly 55,000 square feet of space across four levels in Swire Properties Ltd.'s Citiplaza 3 commercial building in Hong Kong's Taikoo Shing district.
* Retirement village operator and developer Aveo Group Ltd.'s plan to develop a A$60 million building in a A$3 billion master-planned precinct on the Sunshine Coast received approval, The Australian Financial Review reported.
* Local construction company Geocon obtained approval from the Australian Capital Territory government for its proposed A$1 billion Republic mixed-use project in the Belconnen district. Work on the 113-meter-tall tower will start immediately and will be delivered in three stages. The development, set to become the tallest building in Canberra, will have residential apartments, a hotel, a retail center and over 500 public car spaces.
* Elidom Investment Co. Ltd. closed its offer to buy all the shares of CWG International Ltd., with acceptances reaching about 97.05% of the target's issued share capital.
* A three-party consortium involving GuocoLand Ltd.'s GuocoLand (Singapore) Pte. Ltd. subsidiary offered to pay S$980 million to win the tender of the 11,924.30-square-meter Pacific Mansion condominium estate in Singapore's River Valley district. Once completed, the deal will mark the biggest residential site transaction in the city-state since the S$1.34 billion sale of the Farrer Court property in 2007.
* Owners of the 57,350-square-foot Peak Court residential site along Thomson Road are seeking S$106 million from the en bloc sale of the property, The (Singapore) Business Times reported. Public bidding for the site will close May 9.
* Godrej Properties Ltd.'s private equity arm is marking its entry into India's office property sector by setting up two funds that will invest in or develop more than US$1 billion of office properties, Mint reported. The first tranches of the US$150 million Godrej Office Fund-I and the US$450 million Godrej Build To Core-I funds have already been raised.
Other real estate news
* Malaysian developer Eco World International Bhd. settled its acquisition of six sites in the U.K. from Be Living Holdings Ltd., marking the completion of the Asian developer's purchase of a 70% stake in the Willmott Dixon Holdings Ltd. subsidiary. The delivery of the six sites, with a gross development value of approximately £1.1 billion, signals the signing of new agreements for six more Be Living sites in London, which collectively has a gross development value of £1.5 billion.
* Anbang Insurance Group filed its offering plan for 352 condominium units that will form part of the redeveloped Waldorf Astoria in New York City, The Real Deal reported. Waldorf Astoria, which closed in 2017 for the conversion plan, will have 840 hotel rooms on the lower floors.
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 contributed to this report.
As of March 19, US$1 was equivalent to 6.33 yuan, 65.30 Indian rupees and S$1.32.