* Singapore's sovereign wealth fund GIC Pte. Ltd. is purchasing a portfolio of European logistics properties from Apollo Global Management Inc. for about €950 million. The transfer of 28 properties with a total area of 1.0 million square meters is expected to complete in the first quarter of 2020.
* China Evergrande Group said it has again extended the exclusivity period for a 60 billion-yuan cooperation agreement with Shenzhen Investment Holdings Co. Ltd. by a year to Dec. 31, 2020. The Chinese developer said works related to the deal, which will lead to an eventual spin-off of its Hengda Real Estate Group Co. Ltd. subsidiary, are progressing as planned.
* Godrej Fund Management Pte. Ltd. invested about 8.50 billion rupees in Century Real Estate Holdings Pvt. Ltd.'s 2.5 million-square-foot commercial office project in Bengaluru, Mint (New Delhi) reported, citing two people familiar with the development. One of the unnamed sources noted that the transaction gives Godrej Fund roughly 35% of the built-up area in the project that is expected to be completed in three years.
* Keppel Land Ltd. and Rustomjee Group are jointly developing the 51.4-hectare Urbania integrated township in the Thane district of Mumbai. The Singaporean company will pay 4.09 billion rupees for a 49% stake in Kapstone Constructions Pvt. Ltd., which will oversee the development of the project that will include houses and apartment units.
* China Resources Land Ltd.'s November contracted sales jumped 49.1% to 26.14 billion yuan from 17.53 billion yuan in the prior-year period. Its attributable contracted sales in November totaled 18.33 billion yuan. During the reporting month, the property company also spent about 8.66 billion yuan for the acquisition of various stakes in eight land projects across China.
* On Dec. 19, Sun Hung Kai Properties Ltd. will launch five luxury houses at its Crown of St. Barths development in Ma On Shan, Hong Kong, while China Evergrande will begin offering 180 flats at its Emerald Bay project in the city's Tuen Mun town, The (Hong Kong) Standard reported.
* China South City Holdings Ltd. completed the issuance of US$150.0 million in 11.5% senior notes due Feb. 12, 2022. In an earlier filing, the developer said it expected to net roughly US$145.3 million from the offering.
* Joy City Property Ltd. obtained an up to US$80.0 million revolving loan facility from an unnamed bank. Maturity of the credit line will come 364 days after the first drawdown, and the lender has the discretion to extend the facility by another 364 days, according to a news release.
* Gary Wong Chi-him, public affairs and marketing director at Gaw Capital Partners, said ongoing protests in Hong Kong have been affecting businesses in some of its malls since the third quarter, the South China Morning Post reported. Along with its partners, the private equity firm owns a HK$35 billion portfolio of neighborhood malls and car parks since March 2017.
* As planned, Hong Kong's Lands Department commenced the public tender for the roughly 13,538-square-meter private residential development site in the Tuen Mun, New Territories. The Tuen Mun Town Lot No. 518 property with a minimum gross floor area of 32,492 square meters and a maximum gross floor area of 54,152 square meters will remain on offer until Jan. 10, 2020.
* Nippon Prologis REIT Inc. is conducting exclusive due diligence ahead of a planned purchase of two Prologis Inc.-developed logistics facilities in Japan. The targeted properties are the Prologis Park Chiba 2 with a planned gross floor area of 68,211.61 square meters and the Prologis Park Tsukuba 2 with a planned gross floor area of 111,757.99 square meters.
* Japan Retail Fund Investment Corp. is borrowing ¥5.90 billion from MUFG Bank Ltd. and ¥2.10 billion from Sumitomo Mitsui Trust Bank Ltd. to refinance on Dec. 20 an existing ¥8.00 billion loan from the same lenders.
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