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Charter Hall nears A$900M tower-stake deal; Henderson Land wins China plot

* Charter Hall Group is conducting due diligence for the potential acquisition of GIC Pte. Ltd.'s A$900 million stake in the leasehold of the A$1.8 billion Chifley Tower and Plaza office property in Sydney, The Australian Financial Review reported, citing unnamed sources. The property group and the Singaporean sovereign wealth fund were rumored in February to be in early discussions for the possible transfer of the interest in the 44-story tower at 2 Chifley Square in the city's central business district.

* Henderson Land Development Co. Ltd. outbid 11 property companies from mainland China to secure the public tender for a 39,479-square-meter development site in Beijing's Chaoyang district, with a 3.02-billion-yuan winning bid, the South China Morning Post reported. Aside from the Hong Kong-listed developer, the auctioned property also attracted tenderers including Country Garden Holdings Co. Ltd. and Longfor Group Holdings Ltd.

Hong Kong and China

* Empire Group's HK$6 billion redevelopment of the Mariners' Club property in the Tsim Sha Tsui district of Kowloon, Hong Kong, is expected to be completed by the first half of 2023, The (Hong Kong) Standard reported. The refurbished property will be 42 stories high and include a hotel that InterContinental Hotels Group PLC will operate.

* Billion Development (Hong Kong) Ltd. will launch the remaining 246 units at its Centra Horizon residential project in the Tai Po area of New Territories, Hong Kong, at a price that is higher by about 1% to 5% in comparison with previous offerings, Ming Pao reported. The development delivered an aggregate amount of HK$5.2 billion to the company through the earlier sale of 703 apartment units.

* Swire Properties Ltd.'s Swire Properties MTN Financing Ltd. subsidiary is seeking approval from the Hong Kong stock exchange for its planned listing of a US$4.00 billion medium-term note program. The listing on the bourse of the debt shelf with a one-year term commencing after May 28 is anticipated to take effect May 29.

* Agile Group Holdings Ltd. intends to offer US$600 million of perpetual capital securities at a price equivalent to 100% of the securities' principal amount. The Hong Kong-listed property company plans to use proceeds generated from the issuance to refinance certain existing debts, according to a filing.

Japan

* Invincible Investment Corp. is divesting the Royal Parks Tower Minami-Senju residential property in Tokyo to an unnamed buyer for approximately ¥27.70 billion. The transfer of the 47,424.89-square-meter building that occupies an 8,738.44-square-meter site is scheduled for June 7.

* Ichigo Office REIT Investment Corp. filed a registration statement for a ¥50 billion shelf of investment corporation bonds. The real estate investment trust may use the debt program for two years, with generated proceeds from offerings to be used for purposes including the purchase of real estate assets, repayment of loans, and redemption of similar bonds.

* Commercial real estate investments in Japan declined 17% on an annual basis to ¥1.2 trillion during the first three months of 2019, Jutaku-Shimpo-Sha reported, citing Jones Lang LaSalle IP Inc.

Southeast Asia

* The board of Ayala Land Inc.'s AyalaLand Logistics Holdings Corp. approved the latter's plan to issue 49,444,216 new shares to its Orion Land Inc. subsidiary at a price of 2.92 Philippine pesos apiece. AyalaLand Logistics, which eventually will be 72.25%-owned by Ayala Land as part of an ongoing transaction, also gained its directors' consent to change its stock trading symbol on the Philippine stock exchange to ALLHC, effective June 4, following its name change from Prime Orion Philippines Inc.

* JLL launched a public tender for the collective sale of the 134-unit Cascadale condominium building on Upper Changi Road East in Singapore on behalf of the property's owners, with a S$270 million asking price. The 167,528-square-foot freehold residential site with a 1.6 gross plot ratio and a potential maximum building height of 12 stories will be up for grabs until July 10.

Australia

* A Taiwanese family is selling a A$120 million portfolio of commercial properties in Sydney's central business district, the AFR reported. Savills Australia is marketing the portfolio, which comprises the office building at 55-59 Regent St., the 32-room Posh Hotel, and the mixed-use properties at 114 Darlinghurst Rd. and 137-145 Broadway.

* Mirvac Group forecasts 4% annual growth in its EPS for the 2019 fiscal year to 17.1 Australian cents, following its launch of a A$750 million underwritten institutional placement. The A$2.97-per-security placement is part of the diversified property company's equity raising along with an up to A$75 million non-underwritten security purchase plan.

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. Links are current as of publication time, and we are not responsible if those links are unavailable later.

Janna Estares, Emily Lai and Jaekwon Lim contributed to this report.