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Frasers eyes partial sale of S$2.6B portfolio; Nomura to sell ¥28.78B of Japanese properties

This feature rounds up recentproperty news from S&P Global Market Intelligence's covered companies andhighlights larger deal coverage already published.

AUSTRALIA

* 's Frasers PropertyAustralia Pty. Ltd. is believed to be planning a sale of certain properties inits S$2.6 billion office and industrial portfolio in the country, The Australian reported.The purported sale would take place as Frasers Centrepoint seeks to spin offsome of its Australian assets into an S-REIT.

* reachedprogress on its debut apartment project in New South Wales, the A$260 millionParvenu development, The AustralianFinancial Review reported.The state's Joint Regional Planning Panel approved the two-hectare project inSydney's west. Metro Property is partnering with investment firm Alceon for theresidential community plan.

* Charter HallGroup sold eight industrial properties for A$135.3 million toproperty fund manager Propertylink, reflecting an 8.7% yield, The Australian reported.Propertylink acquired the properties in New South Wales, Queensland, SouthAustralia and Victoria for its Propertylink Australian Industrial PartnershipII Fund.

*National Storage REITplans to buy a multi-level self-storage asset in south Melbourne for A$12.5million, according to a release. The four-story, 725-unit storage property hasmore than 4,800 square meters of net lettable area. The REIT plans to use debtto fund the acquisition of the center, which will be called National StorageSouth Wharf.

* Sunland Group Ltd. sold the Bushland Beach Plaza retailcenter in Townsville, Queensland, for A$5.5 million, the AFR reported.Marquette Properties acquired the 5.28-hectare property with plans ofdeveloping a new shopping center at the site. The new center will have alettable area of 4,990 square meters and is expected to open in the secondquarter of 2017.

* CromwellProperty Group intends to partner with for thelaunch of a specialist fund in the student accommodation sector, The Australianreported.Cromwell's plan will make it the first major A-REIT to have student-accommodationinvestments, according to the publication. Both companies will use assets inBrisbane and Melbourne as initial assets of the fund.

JAPAN

* will sell six officesand three residential assets for ¥28.78 billion, according to a . The offices comprisethe NOF Nihonbashi Honcho Building, NOF Tameike Building, NOF Minami ShinjukuBuilding and NOF Shinagawa Konan Building in Tokyo; the Yokohama Odori KoenBuilding in Yokohama City, Kanagawa; and the JCB Sapporo Higashi Building inSapporo City, Hokkaido.

Theresidential properties are located within Tokyo, consisting of the PRIME URBANHatagaya, PRIME URBAN SangenJaya II and PRIME URBAN Kamikitazawa. Nomura Real Estate Development Co. Ltd.will acquire the NOF Nihonbashi, NOF Tameike and NOF Minami properties, whileunnamed buyers will acquire the rest.

Ichigo Ikenohata Building, Tokyo

Source: Ichigo Office REIT Investment Corp.

NomuraReal Estate Master Fund also intends to purchase the Landport Kashiwa Shonan IIlogistics property in Kashiwa-City, Chiba, and the land parcel at RyotokujiUniversity Shin-Urayasu Campus in Urayasu-City, Chiba, for a combined price of¥15.70 billion. Nomura Real Estate Development is selling the Landport propertyfor ¥10.80 billion, while Ryotokuji University is offloading the land parcel atthe campus for ¥4.90 billion.

* bought trust beneficiary interests in eight office properties from IkenohataHoldings GK and Motoazabu Holdings GK for a combined price of ¥20.90 billion,according to a release.

Theproperties will be renamed to Ichigo Ikenohata Building, Ichigo Ikebukuro EastBuilding, Ichigo Motoazabu Building and Ichigo Otsuka Building in Tokyo; IchigoNagoya Building, Ichigo Fushimi Building and Ichigo Nishiki Building in Nagoya,Aichi Prefecture; and Ichigo Minami Morimachi Building in Kita-ku, Osaka.

* Ichigo Office REIT it completed the ¥8.37 billionpurchase of trust beneficiary interests in five office assets from MotoazabuHoldings GK and Ikenohata Holdings GK.

Theproperties' names will be changed to Ichigo Shibuya East Building, IchigoNingyocho Building, Ichigo Nishi Honmachi Building, Ichigo Hakata Building andNishiki First Building.

CHINA

said that its unit,Sino-Ocean Land Ltd., agreed to acquire a 40% equity interest in JinluanShangwan Property Development Co. Ltd. for 28 million Chinese yuan. ShenzhenDiye Property Co. Ltd. is the seller.

ADDITIONAL COVERAGE

India'sDLF eyes $1B from mall portfolio restructuring: The group hasstarted talks with investors to bring its malls under separate special vehiclesthat will potentially be turned into REITs in the future.

Sun Hung KaiProperties unit wins tender for Hong Kong site: Opal Lucky Ltd. wona 50-year land grant for a site in New Territories, Hong Kong, for HK$350.1million.

ChinaResources adds 4 sites to landbank in April: The company acquiredfour new sites in China for approximately 6.14 billion Chinese yuan.

Vicinity tosell A$841.4M of retail assets to Mirvac, Blackstone: The fourproperties are Clifford Gardens in Queensland, Toombul Shopping Centre inBrisbane and Forest Hill Chase and Brimbank Shopping Centre in Victoria.

Dalian Wandalogs 23.59B yuan of 4-month contracted sales: The sales figurebetween January and April accounted for approximately 2,693,000 square metersof contracted sales area.

Report: Mirvacoff-loading A$550M of properties in Australia: The company isselling A$550 million of properties in Canberra, Melbourne and Sydney, The Australianreported.

ChinaResources Land logs 8.22B yuan of April sales: The company securedaround 599,300 square meters of contracted gross floor area during the month.

SM Prime'sreclamation project in Cebu, Philippines, stalled: The companyconfirmed that its 138 billion Philippine peso joint venture project is facingdelays.

Report:Prestige Estates flags REIT option for consolidated officebusiness: The company is consolidating its office business as aninitial strategy to establish a REIT or to raise funds from an investor, The Economic Times of India reported,citing Prestige Group Chairman Irfan Razack.

China OverseasLand units ink disposal deals worth more than HK$5B: The companysaid its wholly owned units inked deals to dispose their subsidiaries.

Report:Sumitomo Realty plans ¥1.7 trillion investment in Japan: Thecompany aims to build 30 office buildings mostly in Tokyo by fiscal 2021, the Nikkei Asian Review reported.

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