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Kenedix Office pursues asset reshuffle plan; Aspen closes A$20M tourist park buy

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

Japan

* Kenedix Office Investment Corp. is divesting two office buildings in a bid to boost and expand its portfolio. The company is putting on the block its KDX Ikejiri-Oohashi Building and KDX Shin-Yokohama 214 Building with respective price tags of ¥2.40 billion and ¥2.43 billion.

According to the company, the sale of the KDX Shin-Yokohama asset, along with the ¥14.72 billion acquisition of the Mitsubishijuko Yokohama Building in Kanagawa and the proposed ¥9.50 billion purchase of the JN Building in the Kannai area of Yokohama, is part of the company's asset reshuffle strategy.

* Hulic Reit Inc. will transfer March 9 its Sasazuka South Building in Tokyo to an undisclosed special-purpose company for an expected ¥2.23 billion.

Nomura Real Estate Development Co. Ltd. will function as an intermediary in respect to the transfer of the 5,400.7-square-meter building, which stands on a 1,001.88-square-meter plot.

* Heiwa Real Estate Co. Ltd. bought Dec. 15 the Osaka Mido-suji Building in Osaka as part of its strategy to strengthen its building leasing business. The acquired property, with a total floor area of 43,127.83 square meters, stands on a 3,970.95-square-meter plot, according to a news release.

Australia

* Aspen Group Ltd. settled Dec. 15 its A$19.5 million purchase of the 430-site Darwin FreeSpirit Resort tourist park in the capital city of the Northern Territory.

Additional coverage

Propertylink sets up A$500M fund for A$150M Sydney tower buy

Sino Land wins redevelopment tender for Hong Kong electric company's former HQ

Oxley Holdings wins tender for Singapore condominium project with S$418M bid

Report: Lodha in separate talks with Blackstone, GIC, Xander for mall sale

Crown Resorts to sell stake in Australian property for A$63M

As of Dec. 15, US$1 was equivalent to ¥112.72.