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ORIX sells ¥1.63B asset to Mitsubishi Estate unit; Oxley plans S$22M site buy

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ORIX sells ¥1.63B asset to Mitsubishi Estate unit; Oxley plans S$22M site buy

This feature rounds up recent property news from S&P Global Market Intelligence's covered companies and highlights larger deal coverage already published.

Japan

* ORIX JREIT Inc. is transferring the Round-Cross Minami Azabu office property in Tokyo to Mitsubishi Estate Co. Ltd. subsidiary Mitsubishi Jisho Residence Co. Ltd. for ¥1.63 billion. The 4,159.49-square-meter mixed-use asset sits on a 941.77-square-meter site and houses five tenants, occupying 2,676.63 square meters of leasable space.

Malaysia

* UEM Sunrise Bhd. agreed to buy a 19.24-acre site in Selangor for 109.5 million Malaysian ringgit. The site, to be purchased through its Sunrise Alliance Sdn. Bhd. subsidiary, is intended for a more than 700 million ringgit residential development consisting of 924 housing units.

Singapore

* Oxley Holdings Ltd. subsidiary Oxley Topaz Pte. Ltd. decided to exercise its option to buy a roughly 898.1-square-meter freehold residential site for S$21.5 million. The company plans to redevelop the site, which will be acquired using a combination of the group's internal resources and bank loans.

Completion of the transaction is expected three months from Dec. 11, the company said.

Additional coverage

Nomura Real Estate Master Fund to sell logistic asset for ¥5.48B

Axiom to sell half-stake in Australian shopping center for A$42.5M

Report: Sydney residential development poised to fetch A$250M

Dalian Wanda sheds properties as government pressures funding

Report: Blackstone nears deal to sell Sydney retail asset north of A$140M

As of Dec. 12, US$1 was equivalent to ¥113.68, 4.07 Malaysian ringgit and S$1.35.