This feature rounds up recent property news from S&P Global Market Intelligence's covered companies and highlights larger deal coverage already published.
Japan
* Invincible Investment Corp. wrapped up its ¥5.16 billion divestment of the fully leased Lexington Plaza Nishi-Gotanda office property in Shinagawa-ku, Tokyo, which has a leasable area of approximately 6,034 square meters.
* Industrial & Infrastructure Fund Investment Corp., meanwhile, is a step closer to completing a roughly ¥21.36 billion agreement to buy various levels of stakes in 10 Japanese properties. The industrial-focused company paid an estimated total of ¥3.73 billion to settle its acquisition of the IIF Hitachinaka Port Logistics Center and the IIF Koriyama Logistics Center properties.
Earlier, the company completed its purchase of stakes in six of the properties in the deal, after paying roughly ¥10.74 billion. The remaining two properties in the 10-asset deal — the IIF Kobe Nishi Logistics Center and the IIF Atsugi Manufacturing Center — are expected to be formally acquired March 29 and April 2, respectively.
* Real estate investment trust MIRAI Corp. completed its acquisition of the three Japanese hotels that it agreed to buy from Legal Corp. for a combined ¥3.20 billion consideration.
Vietnam
* Amata VN PCL invested in a new project in Halong using a portion of a 300.0 million Thai baht loan provided by its parent, Amata Corp. Pcl. The rest of the loan, which was drawn down Feb. 28, was added to the working capital reserve of the listed subsidiary, according to a news release.
Additional coverage
BlackRock puts office asset in Perth, Australia, up for sale at A$125M
Wheelock deems it paid market price for HNA's Kai Tak, Hong Kong, land plot
HNA Infrastructure to sell property, logistics units to Sunac for 1.93B yuan
Myhome Real Estate, unit to dispose of property subsidiary for 2.96B yuan
KSL Holdings unit to pay 134M ringgit for 2 Johor, Malaysia, land parcels
As of March 12, US$1 was equivalent to ¥106.57 and 31.30 Thai baht.
