* Charter Hall Group is looking to acquire the 43-level headquarters of Telstra Corp. Ltd. at 242 Exhibition St. in Melbourne from Oxford Properties Group Inc. in an off-market deal tipped to be worth as much as A$800 million, The Australian Financial Review reported. The targeted property with a net lettable area of about 66,000 square meters is leased to the telecommunications company until at least 2031.
* The Australia-listed property group also secured leasing commitment from Auto Parts Group Pty. Ltd. for its Woodpark Logistics Estate development in the Sydney suburb of Smithfield. CBRE Group Inc. brokered the agreement for a 10-year lease in the industrial hub being built on a 14,694-square-meter site at 386-400 Woodpark Rd.
* The Philippines' Court of Appeals affirmed a 2015 court decision that allowed the 16.7 billion-peso acquisition of SM Prime Holdings Inc. and Ayala Land Inc. of a 45.2-hectare development site in Cebu City from the local government, The Philippine Star reported. The appellate court dismissed the petition to block the sale of the land parcel, which forms part of the wider South Road Properties, for lack of merit.
* Separately, Ayala Land's Avida Land Corp. subsidiary secured approval from its board to purchase 264,534,247 AyalaLand Logistics Holdings Corp. shares from Orion Land Inc. Ayala Land will subsequently acquire the shares that will be exchanged with a land parcel in the South Park district in Muntinlupa City, Philippines.
Hong Kong and China
* Joy City Property Ltd. bought a 48,300-square-meter land parcel together with the construction project in Tianjin, China, for about 1.35 billion yuan, Guandian reported. The land can generate 89,200 square meters of gross floor area, and 13 residential buildings are currently being built on the land.
* Hyatt Hotels Corp. and an affiliate of Sun Hung Kai Properties Ltd. agreed to rebrand a 665-room hotel on the Victoria Harbor of Hong Kong. The Hotel VIC, which will be renamed to Hyatt Centric Victoria Harbour Hong Kong by the third quarter of 2019, will be the first Hyatt Centric hotel in the Greater China region, according to a news release.
* Hyatt Hotels also intends to increase its luxury hotel portfolio in the Asia-Pacific region by more than 25% through the opening of 21 new luxury hotels and resorts by 2020-end. The hospitality company will launch new properties in countries including Japan, China, Malaysia, Indonesia and South Korea.
* China Merchants Land Ltd.'s Champion Apex Ltd. subsidiary agreed to co-develop an approximately 114,285-square-meter mixed-use plot in Rui'an, China, with China Jinmao Holdings Group Ltd. and Zhongliang Holdings Group Co. Ltd.'s Liangheng Investment Co. Ltd. unit. China Merchants Land noted that the group's roughly 682.4 million-yuan contribution for the development of the nearly 793.4 million-yuan site will be financed using the group's internal resources.
* Modern Land (China) Co. Ltd. is offering to buy back up to US$300.0 million of the nearly US$403.8 million outstanding of its 6.875% senior notes due 2019. Holders of the notes may choose to sell until June 10, with the settlement of the repurchase scheduled for June 14, according to a filing.
* The government of Suzhou in China will introduce new regulations in July to calm the property market if it remains heated after the recent launch of sale restrictions earlier in May, The Paper reported. The authority is reportedly considering a wider sale restriction and a stricter limit of property purchase by foreign buyers.
* Mirvac Group is teaming up with Allume Energy Pty. Ltd. for a renewable energy-sharing scheme that it is planning for its 102-apartment Folia development in Melbourne's Doncaster suburb, the AFR reported. The partnership will allow the developer to install solar panels on the project that will start construction before 2019-end.
* The National Green Tribunal ordered the Central Pollution Control Board to take action against Ansal Properties & Infrastructure Ltd., The Hindu reported. The tribunal called for the board to exercise its statutory power for prosecution after receiving a report of an alleged encroaching of green areas and illegal extraction of groundwater on the property company's first-phase development of the Sushant Lok project in Gurugram.
* Nomura Real Estate Development Co. Ltd. will launch a new business specializing in the renovation and remodeling of aging apartments, Tokyo's The Nikkei reported. The Proud Uehara Forest high-end apartment complex built in 1984 in Tokyo's Shibuya-ku will be the first project.
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.
Rollen Catorce, Emily Lai and Jaekwon Lim contributed to this report.