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Viva Energy REIT jump-starts A$911M IPO; DLF narrows list of potential stake buyers in rental unit

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Viva Energy REIT jump-starts A$911M IPO; DLF narrows list of potential stake buyers in rental unit

* For its , Viva Energy REIT is tipped to beprepared to submita prospectus July 11; conduct an investor roadshow between July 18 and July 22;and list on the Australian bourse Aug. 3, TheAustralian Financial Review's Street Talk reported.The IPO is valued at A$911 million, with 70% of the amount believed to beallotted for cornerstone investors.

* Out of 11 interestedparties, DLF Ltd.short-listed six potential buyers for a 40% stake in DLF Cyber City Developers Ltd., a sale expectedto rake in around 130.00 billion Indian rupees, The Economic Times of India reported,citing two undisclosed sources familiar with the deal.

Thebidders are Blackstone, Singapore's GIC, Warburg Pincus, Canada's BrookfieldAsset Management, an unnamed party and a consortium among Abu Dhabi InvestmentAuthority, Kotak Realty Fund and Qatar Investment Authority.

* Beijing appears to be on thebrink of intervening with the ongoing battle for control of China Vanke Co. Ltd., amid the latter's plan and refusalon proposed boardchanges, Reuters reported,citing unnamed company executives and market experts.

Theinvolvement of state-owned China Resources Co. Ltd. — the second-largest ChinaVanke shareholder — in the public tussle has inadvertently affected the imageand reputation of Beijing authorities, who have been pushing for changes onstate-owned enterprises.

Thispurportedly led them to consider being a mediator to diffuse tension andprevent further damage done by previous media reports, the news outletreported, according to an anonymous China Vanke executive.

* In other news, the AFR's Street Talk reportedthat online Chinese property portal Juwai intends to list in Australia in late 2016, as itcompleted a pre-IPO raising worth A$10 million.

* Knight Frank's GlobalResidential Cities Index showed that four Chinese cities, Auckland in NewZealand and Lucknow in India ranked among the top 10 cities with the highestannual percentage change in home prices during the first quarter, the AFR reported.

AUSTRALIA

* Dalian Wanda Group Co. Ltd.and Ridong Group began selling 102 more apartments at the A$1 billion Jewel apartment andhotel project on the Gold Coast, TheAustralian reported.

* 's discussionswith ANZ Bank for a large tenancy agreement in Melbourne's Docklands isexpected to pave the way for a A$300 million commercial building project forthe developer, the AFR reported.

* Nearly 80% of 'sinvestors in its Cromwell Riverpark Trust voted in favor of extending the trustfor five more years due to favorable investment returns, The Australian reported,citing Cromwell funds manager Hamish Wehl.

* South Korean company NHInvestment & Securities paid around 100 billion South Korean won to buyAustralian Red Cross' 12,700-square-meter office building in Kent St., Sydney, The Korea Herald reported.

HONG KONG AND CHINA

* said ChongqingLonghu Development Co. Ltd. plans to issue the third tranche of domesticcorporate bondsbetween July 14 and July 15, with an initial principal amount of 2.0 billionChinese yuan and a potential overallotment of up to 1.7 billion yuan. Thecoupon rates for the third-tranche bonds, which will be in two forms, rangebetween 3.0% and 4.0% for the five-year bonds and between 3.3% and 4.3% for theseven-year bonds.

* The Hong Kong bourseapproved a proposed delisting of New World China Land Ltd. shares from the stockexchange, effective at 9 a.m. local time Aug. 4.

* bought anestimated 76,792-square-meter land parcel in Hangzhou City, Zhejiang Province,China, for 986.0 million yuan through an open bid by a subsidiary, according toa filing.

* Longfor Properties and itssubsidiaries posted aggregated contracted sales of 8.39 billion yuan in June,representing 531,000 square meters of contracted gross floor area.

* First-half 2016new home sales in south China's Guangzhou city hit a record high of 6.31million square meters, according to data from local government, the 21st Century Business Herald reported.

* East China'sZhejiang province will suspend land supply for private housing for certaincities or counties in the province to help cut its high housing inventory by2017, the 21st Century Business Heraldreported.

JAPAN

* andJapan Hotel REIT InvestmentCorp. agreed on a first partnership deal for the delivery of the314-room Holiday Inn Osaka Namba hotel in Osaka by year-end.

SINGAPORE

* Chairman PhilipYeo Liat Kok and Deputy Chairman David Lim Tik En retired from their positions,effective July 8. The company appointed Chiang Chie Foo and Manohar Khiatani toserve as the company's chairman and deputy chairman, respectively.

* Bangladeshi investorMohammed Saiful Alam's Canali Logistics reportedly acquired the entire retailspace at the Centrium Square for S$135 million, or S$4,967 per square footbased on the freehold strata area of 27,179 square feet on the property's firsttwo stories, The (Singapore) Business Times reported.

* said its issuance of S$60.0million 5.68% subordinated perpetual securities will belisted and quoted on Singapore's bonds market, effective at 9 a.m., local time,July 11.

* National DevelopmentMinister Lawrence Wong said that long-term planning, continuous research anddevelopment and constant involvement of stakeholders are the three factors thatSingapore considers in its urban planning initiatives, The Business Times reported.

INDIA

* Property developers arebecoming greatly interested in the growing demand for logistics and warehousingspace in the country, driven by demand from e-commerce companies, the PressTrust of India reported,citing CBRE.

THAILAND

* establishedthe Central WHA Alliance Co. Ltd. as a new unit that will handle operations of warehouses,distribution centers and factory buildings.

Now featured

: The July 8 edition of the weekly news roundup of the Asianreal estate space also features other outbound deals and activities in Japan'slogistics sector.

: The 10 most read real estate articles for the week endingJuly 8.

: Our real estate editors' picks for the best stories of theweek ending July 8.

The Daily Dose Asia-Pacific,Real Estate edition is updated by 6:30 a.m. Hong Kong time. Some external linksmay require a subscription. Articles and links are correct as of publicationtime.