* AccorHotels is introducing more hotels that will provide services and experiences for which Airbnb is known. According to The Australian Financial Review, the hotel group intends to introduce roughly 200 hotels under the Jo&Joe, Mama Shelter and 25Hours lifestyle brands globally, with a major focus on Sydney, Melbourne, the Gold Coast in Queensland and Queenstown in New Zealand.
AccorHotels CEO Sebastien Bazin earlier talked about the company's plan to boost its rental business in Australia.
* CoreLogic Head of Commercial Research Eliza Owen, in a piece for The Australian, said investments amounting to A$33 billion would be needed for retirement housing in Australia by 2020 in order to accommodate an expected surge in demand. She said based on the Aged Care Financing Authority's forecast, within the next 10 years, 76,000 new aged care homes will be needed.
Still related to retirement housing in the country, The Australian reported separately, citing industry sources, that Lendlease Corp. Ltd. is making a comeback into the industry with a partnership with Catholic Healthcare. The paper noted that the company secured 756 out of 9,911 licenses approved by the Australian government for residential villages, with development plans for the Australian Capital Territory, New South Wales, Queensland and Victoria.
* Link Real Estate Investment Trust CEO George Hongchoy said the company might be forced to tone down its investments in China as it gets closer to an internally set limit. The Nikkei Asian Review said the Asian real estate investment trust's mainland assets currently represent 8.8% of its portfolio, which is slightly lower than its 12.5% mainland investment limit.
* Retailer Aeon, over the next three years, is planning to double its indoor theme parks portfolio to 660 locations, the Nikkei Asian Review reported. The publication noted that 200 theme parks will be opened by the company's theme parks subsidiary in China, while 30 to 45 sites will be launched in Thailand, Malaysia, Indonesia and the Philippines.
* AMP Capital in January 2018 will start work on the office component of its A$2 billion Quay Quarter Sydney development, The Australian reported.
* After forecasting a 7.5% year-over-year rise in operating earnings, Goodman Group disclosed that its urban renewal business is on track to lock in more than A$1 billion worth of land sales in fiscal 2017, The Sydney Morning Herald reported.
* As part of its planned construction of a A$210 million residential tower comprising 90 apartments, Queensland developer Sunland purchased a development site on Hedges Ave. on the Gold Coast for A$13.4 million, The Australian reported, citing Managing Director Sahba Abedian.
* AMP Capital is offering for sale its 1 Pacific Highway building in Sydney for at least A$100 million, The Australian reported. ACN Pacific, Cerner Corp. and Vocation Australia are some of the major tenants of the building.
* Rockworth Capital Partners started due diligence on the 390 St Kilda Road building in Melbourne as part of an agreement with Sydney-based fund manager Fort Street Real Estate Capital worth more than A$90 million, the AFR reported.
Hong Kong and China
* London's Financial Times reported that property prices in the area around China's planned new city, the Xiongan New Area, tripled after the plan was announced in April. The paper said the government is planning to spend up to US$580 billion to build the new city.
* The (Hong Kong) Standard said an expected 4% mortgage rate hike in Hong Kong might be driving some buyers to forfeit their deposits for homes in the city, with Cheung Kong Property Holdings Ltd. seeing five forfeitures at its Ocean Pride project in Tsuen Wan.
* S&P Global Ratings revised its outlook for Nan Fung Industrial Holdings Ltd. to stable from positive, forecasting that the company's leverage will increase following its acquisition of a site in Kai Tak in Kowloon, Hong Kong. The rating agency also took into account Nan Fung's joint ventures, which it said will increase the company's debt-to-EBITDA ratio. At the same time, S&P affirmed its BBB- rating on the company's long-term corporate credit.
* Champsworth Development Pte. Ltd., a subsidiary of Selangor Dredging Bhd., acquired a property in Draycott Park for S$72.0 million, with plans to build a seven-story apartment building.
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Cam Nones contributed to this report.