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