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China Vanke halts trading in Hong Kong; Nomura inks ¥40B loan deal

* China Vanke Co. Ltd. applied to halt trading of its A shares on the Hong Kong bourse, effective June 7, after Shenzhen Metro Group Co. Ltd., a substantial shareholder of the company, said it is considering buying more of the developer's shares.

* Nomura Real Estate Master Fund Inc. signed a deal with five lenders for a ¥40 billion commitment line due June 14, 2018.

* EBA Investments CEO Eric Chen disclosed that the company is hoping to raise US$2 billion for its second China-focused fund with plans to invest the money in a single project. EBA is the private equity arm of China Everbright Ltd.


* TrustCapital Advisors is thinking of selling a majority of its A$1 billion Australian portfolio. According to The Australian Financial Review, the Singaporean fund manager could market as many as five of its six office towers in Melbourne, Sydney and Brisbane with a collective worth of A$650 million.

* The Australian said Lendlease Corp. Ltd. is the most likely buyer of a Spring Street tower in Sydney that Centuria Capital Group's unlisted funds arm is taking to the market for at least A$200 million. The paper said the building would appeal to Lendlease because it is located in the city's key financial precinct.

* Stockland kicked off the development on the A$80 million Coopers Paddock Logistics Park in Sydney's southwest.

* Separately, Stockland said it is planning to invest A$11 million for the expansion of its Somerton Park seniors living community in South Australia. Somerton is one of 11 retirement villages Stockland is operating in and around Adelaide with a combined value estimated at A$130 million.

* Australia & New Zealand Banking Group Ltd. CEO Shayne Elliott spoke to Bloomberg News about the risks of increasing home prices in Australia. He also told the media outlet that the likelihood of an outright crash is very minimal.

Hong Kong, China and Taiwan

* New World Development Co. Ltd. is offering to acquire all the shares it does not own in its department store business for about HK$934.5 million, valuing New World Department Store China Ltd. at about HK$3.37 billion.

* JP Morgan China analysts wrote in a note cited by the South China Morning Post that property curbs contributed to a decrease seen in the May contracted sales of Country Garden Holdings Co. Ltd., China Evergrande Group and China Vanke.

* Taiwan Realty Co. said month-over-month increases in housing transactions were recorded in Taipei, New Taipei City, Taoyuan, Taichung, Tainan and Kaohsiung, the Taipei Times reported.


* CapitaLand Ltd. is bullish that it can raise the value of its Japanese assets under management to S$5 billion. According to CapitaLand CEO Lim Ming Yan, the vision will be achieved through the company's "continual effort to reconstitute and optimise our portfolio in Japan," which as of March 31 is valued at S$2.5 billion.

The company, through serviced residence arm The Ascott Ltd., celebrated the opening of Ascott Marunouchi Tokyo on June 6.

* Mitsubishi Estate Co. Ltd. will start construction work on an urban redevelopment project in Otemachi 2-chome Tokiwabashi. By 2018, a new building will stand at the site, Kentsu Shinbunsha reported.

Southeast Asia

* BusinessWorld, citing DMCI Homes President Alfredo Austria, reported that the property arm of DMCI Holdings Inc. is on track to hit its 2017-end reservation sales target of 25.5 billion Philippine pesos.

* Surging property prices in Hong Kong and mainland China are driving investors to other countries such as Vietnam, Asia Bankers Club CEO and Founder Kingston Lai said, according to the South China Morning Post.

Other real estate news

* Cromwell Property Group and Partners Group sold an 11-asset industrial portfolio in Hungary and the Czech Republic to M7 Real Estate.

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Data Dispatch: 23 REITs announce new ATM programs through June 1: A total of 30 U.S. real estate investment trusts raised $860.9 million through at-the-market offerings in the first quarter, a decrease of 41.9% from the fourth quarter of 2016.

Data Dispatch: NAV monitor: US REITs trading at 3.7% median discount to NAV as of June 2: Chart Watch: Nine out of the top 10 companies trading at the greatest discounts to net asset value were from the retail sector.

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. Articles and links are correct as of publication time.

Cam Nones, John Chan and Julie Zhu contributed to this report.