trending Market Intelligence /marketintelligence/en/news-insights/trending/s_u43istp1wdsndp4vftsq2 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

Ichigo to sell 2 assets for ¥1.8B; C&D buys out stake in Chinese project

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


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

Ichigo to sell 2 assets for ¥1.8B; C&D buys out stake in Chinese project

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


* Ichigo Office REIT Investment Corp. is expecting gains of about ¥610 million from its planned ¥1.80 billion divestment of the 1,396.39-square-meter Ichigo Sapporo Minami 2 Nishi 3 Building and the 830.21-square-meter Ichigo Daimyo Balcony retail properties in Fukuoka.

* Hotel-focused Hoshino Resorts REIT Inc. is planning to invest in resort developer and operator Yomitan Hotel Management Co. Ltd. that will build a 100-room resort in Okinawa. The project, which will sit on a 109,276.87-square-meter site, is expected to be completed in 2019.

To carry out the deal, the Japanese developer is buying 49.85%, 50% and 50% of the company's no. 1 class B, no. 2 class B and no. 3 class B preferred issued shares for ¥166.0 million, ¥166.5 million and ¥167.0 million, respectively. Hoshino Resorts Ryokan and Hotel Management Support No. 2 Investment LPS are transferring the shares.


* Hong Kong-listed C&D International Investment Group Ltd. is taking full control of a roughly 196,414-square-meter development site in Wuxi in Jiangsu province through its Yi Yue (Hong Kong) Ltd. subsidiary's nearly 1.1 million yuan acquisition of Prosper Wealth International Ltd.'s entire 100% shareholding in the project's 49%-owner, Fullshare Healthcare Ltd. Another C&D International subsidiary, Xiamen Yi Yue Property Co. Ltd., holds the remaining 51% in the project.

The impending acquisition, which will be bankrolled using internal resources of the group, will also involve Yi Yue's repayment of Fullshare Healthcare's approximately 169.0 million yuan debt to Prosper Wealth. Completion of the proposed transaction will be subject to the completion of certain conditions, according to a filing.


* Convenience Retail REIT agreed to purchase the Puma Moree service station on the Newell Highway in New South Wales, under a A$10.4 million sale and lease back deal with Puma Energy Australia. The transaction, representing a 7.0% capitalization rate, is expected to be completed by April 30. Puma Moree opened for business Jan. 30 and is leased for 15 years, according to a release.

* Desane Group Holdings Ltd. said the nine-day Supreme Court trial challenging the New South Wales government's compulsory acquisition of its 5,274-square-meter property at 68-72 Lilyfield Road, Rozelle, Sydney, concluded March 8, with the two opposing parties agreeing that the Roads and Maritime Services, or RMS, on behalf of the state government, will not proceed to acquire the asset until seven days after the court's decision. The company expects to hear a judgment on the proceedings in mid- to late-April.

As basis for its claim against the government, Desane highlighted that RMS was not purchasing the land for an authorized purpose and that its proposed acquisition notice was insufficient, among other factors, during the trial.

The company, which expects the notice to be rendered invalid, added that following the trial, it was still no closer to understanding why the government was pursuing its Rozelle property.

Additional coverage

Freehold condo in Singapore expects S$106M via en bloc sale

Report: Blackstone to buy 80% stake in Indian mall for 3.10B rupees

Swire Properties to let 55,000 square feet in Hong Kong to WeWork

Guocoland, partners win Singapore estate in record S$980M deal

Zhong An subsidiary signs 360M yuan deal to acquire land parcel in China

As of March 19, US$1 was equivalent to 6.33 yuan and ¥105.92.