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Greenland penthouse to sell for A$30M; Japan Logistics in ¥2.6B Hulic deal

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Greenland penthouse to sell for A$30M; Japan Logistics in ¥2.6B Hulic deal

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

Australia

* The two-floor penthouse in the A$700 million Greenland Centre in Sydney developed by the Australian arm of Greenland Holdings Corp. Ltd. is expected to sell for A$30 million, The Australian Financial Review reported. The unit is understood to have five bedrooms and spans roughly 420 square meters of internal space, with about 200 square meters of outdoor terrace.

Over 90% of the 474 apartments in the tallest residential tower in the city's central business district have been sold since the project was launched in 2014, the publication added.

* Lifestyle Communities Ltd. agreed to buy a residential site in Plumpton, Victoria, for an undisclosed consideration. Settlement of the agreement for the property, which is intended for the development of approximately 260 homes, a new generation clubhouse, bowling green, cinema and indoor pool, is expected in the third quarter of 2019.

Japan

* Japan Logistics Fund Inc. resolved to buy the Osaka Nishiyodogawa Logistics Center in Osaka from Hulic Co. Ltd. for ¥2.60 billion. The logistics-focused real estate investment trust intends to settle the transaction Dec. 20 using cash on hand.

* Nippon REIT Investment Corp. is purchasing and leasing the Wald Park Minamioi property in Tokyo for ¥715 million from an unnamed vendor. The targeted residential building has a total floor space area of 799.08 square meters and occupies a 168.92-square-meter site.

According to a news release, settlement of the agreed transaction is anticipated on Jan. 31, 2019.

Additional coverage

Roxy-Pacific unit terminates NZ$72.6M acquisition deal for New Zealand building

Far East Consortium unit buys Shanghai site land-use rights for 402M yuan

SPH to buy majority stake in Australian shopping center for A$175M

Charter Hall Retail REIT to pay A$74M for Melbourne retail asset

Cromwell buys Queensland, Australia, office building for A$63.5M

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