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Kenedix Residential agrees to ¥1.13B Tokyo acquisition


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Kenedix Residential agrees to ¥1.13B Tokyo acquisition

This feature rounds up recentproperty news from S&P Global Market Intelligence's covered companies and highlightslarger deal coverage already published.


* the Employees Provident FundBoard is taking an 80% stake in its subsidiary, Rukun Juang Sdn. Bhd., for 421.5million Malaysian ringgit.

The subsidiarywill receive a 28.13-acre plot in exchange for upgrading the National Sports Complexin Bukit Jalil, Kuala Lumpur under a privatization agreement with the Malaysiangovernment's ministry of youth and sports.

The (Malaysia) Star also reportedon the news.


* said its asset managementcompany, Kenedix Real Estate Fund Management Inc., agreed to acquire KDX ResidenceNishi-magome in Tokyo, for approximately ¥1.13 billion from an undisclosed seller.

Constructionof the apartment building is slated to complete in July, and the acquisition isscheduled to complete Aug. 30. The building will have a total floor area of 1,607.94square meters, according to a news release.


* said it entered into an agreement to acquire land plots earmarkedfor a new company project in Muang District, Nakhonsrithammarat, for approximately26.4 million Thai baht.


: Greenland signed a frameworkdeal with Kuwait Strategic Investor's Al Waseet International for the creation ofa real estate fund.

: At least five mainland Chinese and offshorefinancial institutions showed interest in acquiring the unfinished One Harbour GateEast building in Hung Hom, Hong Kong, for around HK$5 billion, or HK$17,800 persquare feet, The (Hong Kong) Standard reported, citing unnamed sources.

: The company plans to sell a US$1.00 billion portfolio of Chinesemalls to Apex Assure Ltd., following an unsuccessful tender for the properties.

: Sai Son Giai Phongreported that the scheme is the biggest of its kind in the Quang Nam province.

:A unit of China's HNA Group Co. Ltd. agreed to buy Radisson operator Carlson Hotelsand approximately 51.3% of Brussels-based RezidorHotel Group AB.

: The duo wants to acquire MacquarieGroup's Sydney headquarters owned by Brookfield Office Properties Inc., The Australian Financial Review's StreetTalk reported, citing unnamed sources.

:CapitaLand Ltd.'s TheAscott Ltd. is investing £52 million in a 108-unit property in Islington, London,as part of its joint serviced-residence global fund with the Qatar Investment Authority.

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