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Vingroup, Vinhomes net profit rise; Perennial's option on £1B project expires

* Vingroup JSC and its Vinhomes JSC subsidiary recorded annual growth in their net profit for the quarter ended June 30. The Vietnamese real estate group saw its net profit grow to almost 1.374 trillion dong from about 174.42 billion dong, while Vinhomes' net profit rose to 7.243 trillion dong from 4.132 trillion dong during the same period.

* Singapore-based Perennial Real Estate Holdings Ltd. did not exercise the call option to purchase a 20% stake in the Aviva Tower in London when it expired July 31 because of uncertainty regarding the timing of the £1 billion 1 Undershaft redevelopment. The option would allow the property company to buy the stake at a price based on the tower's £330 million agreed value.


* Charter Hall Group plans to acquire Blackstone Group Inc.'s Crestmead Distribution Centre in Brisbane for approximately A$180 million, The Australian reported. A deal for the JLL-marketed property at 105-107 Magnesium Drive in the Crestmead suburb is expected to yield about 5.2%.

* Caltex Australia Ltd. is mulling leasing a new four-story building at 29 Bourke Rd. in Sydney's central business district as its new corporate head office, The Australian Financial Review reported. The petroleum giant will reportedly rent approximately 9,500 square meters along with 70 car parking spaces in the development tipped to be worth at least A$130 million upon completion.

* GDI Property Group agreed to lease 14,522 square meters of office space at its 141 St Georges Terrace property in Perth to the state's Minister for Works. Additionally, the developer will lease 12,689 square meters of its Westralia Square property to the Western Australian Police Force for five years.

Hong Kong and China

* Jiayuan International Group Ltd.'s contracted sales increased by about 5% to roughly 1.73 billion yuan in July from a year earlier, reflecting contracted gross floor sales area of approximately 108,387 square meters and an average selling price of 15,989 yuan per square meter.

* Dexin China Holdings Co. Ltd. plans to issue US$200.0 million of 12.875% senior notes due Aug. 6, 2021 to refinance existing offshore debt and working capital. The notes, to be listed on the Hong Kong stock exchange, will be offered at a price equal to 98.095% of its principal amount.

* Midea Real Estate Holding Ltd. intends to issue up to 1.3 billion yuan of five-year corporate bonds in China, which will be the second tranche of its roughly 3.14 billion-yuan debt program.

* Apartments in China's Dalian city must not be sold at prices higher than the levels for similar dwellings in May or June, and the suggested prices of all upcoming apartments must be reported to the local government via a centralized computer system, Bloomberg News reported. The new policy is to keep a lid on rising home prices, the report added.


* Mitsui Fudosan Co. Ltd. plans to issue ¥50 billion worth of green bonds in September, Jutaku-Shimpo reported. The developer will use the proceeds to refill its war chest after acquiring the Nipponbashi Muromachi Mitsui Tower in the Chuo special ward of Tokyo.

The Daily Dose Asia-Pacific, Real Estate edition is updated by 6:30 a.m. Hong Kong time. Some external links may require a subscription. Links are current as of publication time, and we are not responsible if those links are unavailable later.