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Centuria Industrial settles A$28M asset buy; AEON REIT snaps up ¥6.81B property


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Centuria Industrial settles A$28M asset buy; AEON REIT snaps up ¥6.81B property

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


* Centuria Industrial REIT wrapped up Sept. 29 its A$28.0 million acquisition of a 39,485-square-meter industrial property in Bibra Lake, Western Australia. The recent settlement, along with the A$37.0 million acquisition of the 43,331-square-meter industrial asset on Browns Road in Noble Park, Victoria, were both announced by the company in June via a A$65 million deal.

Commenting on the recent transaction, Centuria Industrial's trust manager, Ross Lees, said the trust's completion of three-property deals worth A$76.2 million and the acquisition of a stake in Propertylink increased Centuria Industrial's portfolio value to more than A$1 billion.


* AEON REIT Investment Corp. completed Oct. 2 its ¥6.81 billion purchase of Tokyo Century Corp.'s Daiei-Ibaraki Process Center in Ibaraki City, Osaka. The four-story, 50,783.58-square-meter property is one of the three assets for which the company used a ¥6.0 billion loan as partial payment.


* Aspen (Group) Holdings Ltd. subsidiary Aspen Vision Development (Central) Sdn. Bhd. agreed to buy a 22,954-square-meter freehold land in Kajang, Selangor, from Tropicana Kajang Hill Sdn. Bhd. for roughly 66.7 million Malaysian ringgit.

The company said the site, to be purchased using a mix of internal resources and bank loans, has approval to be developed into a mixed-use project comprising two blocks of residential properties, a nine-story car park, 16 shop lots and other facilities. The gross development value of the proposed project is estimated at 500 million ringgit.

Additional coverage

China Evergrande's September contracted sales decline YOY

GuocoLand JV wins 99-year tender for Singapore site with S$1.62B bid

Al-Salam REIT to make 155M ringgit purchase of Malaysian retail asset

Village Roadshow inks A$165M deal for stake sale in Singaporean cinema biz

Keppel, China Vanke wrap up 1.43B yuan transaction

As of Oct. 3, US$1 was equivalent to 4.24 Malaysian ringgit and ¥112.75.