* Mapletree Industrial Trust's joint venture with Mapletree Investments Pte. Ltd., Mapletree Rosewood Data Centre Trust, settled its US$1.37 billion agreement with Digital Realty Trust Inc. with the completion of its acquisition of 10 powered shell data centers in North America for US$557.3 million. The deal also involved the joint venture's completed US$810.6 million purchase in November 2019 of an 80% stake in three fully fitted hyperscale data centers in Ashburn, Va.
* CK Asset Holdings Ltd. is interested in buying the remaining 40% stake that it does not already own in the 20 billion-yuan Upper West Shanghai mixed-use development after refuting reports in 2019 that it intends to exit the project, The Standard reported. The targeted interest in the property, with a total floor area of more than 1.1 million square meters, is held by Herun Group-represented minority investors.
* Singapore-listed CapitaLand Ltd.'s serviced residence arm is planning to expand its co-living space business over the next three years with the addition of two more properties in the city-state, as well as one each in the cities of Bangkok, Kuala Lumpur, Shanghai, Cebu in the Philippines and Fukuoka in Japan, Nikkei Asian Review reported, citing Ascott Group's deputy managing director, Mindy Teo.
* The Victorian state government shortlisted four bidders — Mirvac Group, Brookfield Asset Management Inc., Cbus Property, and a partnership between Dexus and John Holland Group Pty. Ltd. — for the tender to the 13,600-square-meter Treasury Square urban regeneration development in Melbourne's central business district, The Australian Financial Review reported. The shortlisted parties have until March 12 to submit formal proposals for the roughly A$2 billion project that could fetch offers of more than A$500 million.
* Sino Land Co. Ltd. appointed Thomas Tang Wing Yung as group CFO and an executive director, effective Jan. 15. Tang is an independent nonexecutive director of Playmates Holdings Ltd. and formerly was executive director and group CFO at Esprit Holdings Ltd., according to a filing.
* China Evergrande Group said its proposed dividend of 1.419 yuan per share for the 2019 full year was approved during the company's extraordinary general meeting on Jan. 15.
* Road King Infrastructure Ltd.'s property sales for 2019 grew 24% to 42.77 billion yuan from 34.50 billion yuan in the prior-year period. The company's property sales comprised 38.69 billion yuan of contracted sales and 4.07 billion yuan of outstanding subscribed sales.
* CK Asset Holding said that the planned opening of a four-story shopping center in the Tsuen Wan area of the New Territories, Hong Kong, will push through as planned despite anti-government protests in the city, South China Morning Post reported, citing Justin Chiu, an executive director of the company. The retail property located above Tsuen Wan West MTR station is 80%-occupied so far and will formally open its doors to the public in the second or third quarter.
* Overall confidence in Hong Kong's property market remained unshaken despite global economic uncertainties and domestic social unrest, according to CBRE Group Inc.'s annual market outlook for the city. Marcos Chan, the company's head of research for the Greater Bay Area and Hong Kong, said the city will continue to attract investments and office demand, with interest rates likely to remain stable and a positive-looking IPO market.
* Savills Singapore launched an expression of interest process for a portfolio of six conservation houses in Chinatown that carry a guide price of S$141 million, The Business Times reported, citing the exclusive marketing agent. The marketing exercise for The Heritage Collection will run until March 5.
* The Urban Redevelopment Authority closed the public tender for the dementia care village site at Gibraltar Crescent on Jan. 15. The two-plot site marketed on behalf of the Ministry of Health attracted one offer from Pre 11 Pte. Ltd. and Orpea Singapore Pte. Ltd., the Singaporean authority noted.
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