trending Market Intelligence /marketintelligence/en/news-insights/trending/int-nj7ghrx1zmuypptmnq2 content esgSubNav
In This List

Invincible closes ¥5.16B asset sale; MIRAI wraps up ¥3.2B buy of 3 properties

Blog

Using ESG Analysis to Support a Sustainable Future

Video

S&P Capital IQ Pro | Powered by Expert Insights

Blog

Q&A: Streamlining Analytics for TCFD Reporting

Blog

Evergrande and the wider impact: a sentiment analytics based perspective


Invincible closes ¥5.16B asset sale; MIRAI wraps up ¥3.2B buy of 3 properties

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.