trending Market Intelligence /marketintelligence/en/news-insights/trending/lu6j9_aydomonc6kua_6sg2 content
Log in to other products

Login to Market Intelligence Platform

 /

Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *

  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

Starhill sells Tokyo asset for ¥525M; Al-Salam seeks OK for 115M-ringgit buy

Gauging Supply Chain Risk In Volatile Times

The Commercial Real Estate CRE Sector Feels the Impact of the Coronavirus

Credit Analytics Case Study Poundworld Retail Ltd

Segment

IFRS 9 Impairment How It Impacts Your Corporation And How We Can Help


Starhill sells Tokyo asset for ¥525M; Al-Salam seeks OK for 115M-ringgit buy

This feature rounds up recent property news from S&P Global Market Intelligence's covered companies and highlights larger deal coverage already published.

Japan

* Singapore-based real estate investment trust Starhill Global REIT sold the four-story Nakameguro Place retail building in Tokyo's Meguro-Ward under a ¥525.0 million deal, reflecting a 3.1% yield. The sale price, according to a release, reflects a 25.0% premium over the property's latest ¥420.0 million valuation.

After the divestment, Starhill Global's portfolio in Japan was trimmed to two properties.

China

* Hebei Tianshan Zhengyao Real Estate Development Co. Ltd., an indirect Tian Shan Development (Holding) Ltd. subsidiary, agreed to buy for roughly 114.0 million yuan a 49% stake in the proposed Hebei Tianshan Kailongda Property Development Co. Ltd. project company, which will be established to secure the rights over an approximately 49,440-square-meter land parcel in the city of Shijiazhuang.

Under the deal with Hebei Kailongda Food Co. Ltd., Hebei Tianshan Zhengyao will fund the acquisition of the plot. If the premium payable for the site exceeds 185.4 million yuan, the agreed consideration for the stake transfer could be reduced or the stake transaction called off and Hebei Tianshan Kailongda dissolved.

Malaysia

* Al-Salam REIT's unit holders will meet June 6 to vote on the company's proposed 115 million-ringgit acquisition of a 22-asset portfolio from KFC (Peninsular Malaysia) Sdn. Bhd., Kentucky Fried Chicken (Malaysia) Sdn. Bhd., KFC (Sabah) Sdn. Bhd. and SPM Restaurants Sdn. Bhd. The planned restaurant purchase will be carried out through a deal signed by the diversified Islamic REIT's trustee, AmanahRaya Trustees Bhd.

Additional coverage

Report: Mitsui Fudosan vies with Charter Hall, Investa for stake in A$2B project

Jingrui to gain Beijing commercial site in 240M-yuan deal

New South Wales government cancels property deal with Australian Unity Office

China Resources sells 14.2B yuan of properties in April, buys 10.7B yuan of land

Aventus, Primewest tipped to bid for private equity group's A$500M portfolio

As of May 9, US$1 was equivalent to ¥109.74, 6.36 yuan and 3.98 ringgit.