* CK Asset Holdings Ltd.'s shareholders approved the Hong Kong-listed developer's planned £2.7 billion takeover of British integrated brewer and pub retailer Greene King PLC. The proposed acquisition was approved by approximately 99.39% of the total votes submitted during an Oct. 9 extraordinary general meeting.
* Meanwhile, CK Asset commenced the sale of 180 flats at its Seaside Sonata development in the Cheung Sha Wan area of Hong Kong, offering the properties with a discount of up to 10%, South China Morning Post reported. Upon its scheduled completion in June 2021, Seaside Sonata will provide 876 apartment units across four towers.
* Singapore's sovereign wealth fund GIC Pte. Ltd. and Equinix Inc. completed the formation of their more than US$1.0 billion joint venture for the development and operation of data center facilities in Europe. The joint venture's initial portfolio will comprise a site in Amsterdam, two sites each in London and Frankfurt, and one site in Paris.
Japan
* Elliott Management Corp., the largest shareholder of Unizo Holdings Co. Ltd., is seeking answers from the Japanese real estate group's management in relation to how it has responded to competing takeover offers over the past few months, Bloomberg News reported. The queries come after Unizo withdrew its support for the buyout bid from SoftBank Group Corp.'s Fortress Investment Group LLC after Tokyo-based travel agency H.I.S. Co. Ltd. ended its pursuit for the property company.
Australia
* Real estate fund manager Primewest is aiming to raise A$100 million from its IPO of securities priced at A$1 apiece, The Australian Financial Review reported. The offering, comprising a 29% stake in Primewest, values the company at A$349 million.
* UEM Sunrise Bhd. is selling the former headquarters of the Victorian police on St. Kilda Road in Melbourne to SC Capital for approximately A$108 million, The Australian reported. The transaction is subject to the completion of due diligence for the 22-level property.
Greater China
* Overseas Chinese City paid 677 million yuan for the acquisition of a 42,865-square-meter mixed-use land parcel in Jiangmen, China, Guandian reported. The purchased commercial-and-residential site can accommodate an up to 107,163-square-meter development, with commercial components taking up not more than 10% of the project.
* China Vanke Co. Ltd.'s contracted sales in September increased to 49.29 billion yuan from 43.42 billion yuan in the prior-year period. In a filing, the Chinese developer also noted that since its property transactions update for August, it purchased various levels of interests in 16 development sites across China for an aggregate attributable land premium of nearly 14.81 billion yuan.
* The September contracted sales of Logan Property Holdings Co. Ltd., Jiayuan International Group Ltd. and Redsun Properties Group Ltd. respectively grew year over year by 57.8% to about 9.03 billion yuan, by about 5% to approximately 2.57 billion yuan and by 61.31% to nearly 4.64 billion yuan.
* C C Land Holdings Ltd. obtained a HK$2.30 billion loan facility with a 36-month term from unnamed financial institutions, according to a filing.
* Hong Kong's government is considering a new regulation that will exclusively allow new private homes to be sold to local residents, Sing Tao Daily reported. Through the new rule, the government aims to improve sentiment on the market after nonlocal buyers dropped to 1% from 4%.
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.
Ian Cruz and Emily Lai contributed to this report.
