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In This List

Dubai's Emaar to restructure in India; Mori plans ¥400B project in Tokyo

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

Segment

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


Dubai's Emaar to restructure in India; Mori plans ¥400B project in Tokyo

*Emaar Properties PJSCseeks to improve its real estate operations in India by agreeing to areorganization ofEmaar MGF Ltd. through a demerger.

*Japanese real estate management firm Mori Building Co. Ltd. is likely to seek apartner in funding an estimated ¥400 billion project, consisting of threeskyscrapers in Tokyo, Reuters reported.The proposed development falls under a ¥1 trillion plan to transform theToranomon area in the capital city over an estimated 10-year period.

*China Overseas Land &Investment Ltd. saidthe company, its subsidiaries, joint ventures and associates recordedapproximately HK$15.14 billion of contracted property sales in March, up fromapproximately HK$10.10 billion of contracted sales in .

*China Vanke Co. Ltd.said Bestgain RealEstate Lyra Ltd. issued bonds worth an estimated HK$1.38 billion with a 2.50%annual interest rate and a maturity date of April 13, 2019.

*The developing story on the Panama Papers has included the name of andCheung Kong Property HoldingsLtd. Chairman Li Ka-shing, according to the SouthChina Morning Post, citing a report from Australian media ABC.

Theleaked papers from Panamanian law firm Mossack Fonseca allegedly include Li'sID card and information on how the Cheung Kong group's infrastructure unit,Cheung Kong Infrastructure Holdings Ltd., purportedly created subsidiaries inPanama and the British Virgin Islands through the law firm's Hong Kong office.

AUSTRALIA

* Self-storage operators FortKnox Self Storage and StoreLocal are merging into a A$160 million business with38 facilities, with an IPO "definitely" on the horizon, The Australian Financial Review reported,citing StoreLocal director Hans Pearson.

*Cromwell PropertyGroup is believed to have voted against 's A$2.5 billiontakeover bid forInvesta Office Fund,or IOF, ahead of a scheduled extraordinary general meeting on April 15,indicating Cromwell's plan to submit a rival offer, the AFR reported,citing unnamed sources.

Followinga 9.83% stakepurchase in IOF, Cromwell used its newly acquired influence to joinMorgan Stanley Real Estate Investing in opposing the proposed merger, accordingto sources.

* Meanwhile, Moody's said Cromwell's 9.83% stake purchase inIOF will not immediately affect the former's Baa3 issuer rating and stableoutlook.

*Malaysia-based EcoWorldInternational Bhd. joined Lendlease Corp. Ltd. and as some of the biddersfor the New South Wales government's A$2 billion, 10-hectare White Bay PowerStation redevelopment project in Sydney, the AFR reported.

*Frasers CentrepointLtd. said Frasers Property Australia Pty. Ltd. sold the SatelliteCorporate Centre in Mulgrave, Melbourne, to Stockland for A$87.6 million. The transaction isexpected to be completed by April 30.

*Sun Hung Kai PropertiesLtd. expanded its real estate development portfolio in the countryafter PBD Developments agreed to be involved in a mixed-use project inParramatta, Sydney, the AFR reported.

TheHong Kong developer owns 33% of PBD, according to the report.

HONG KONG AND CHINA

*MTR Corp. Ltd. plansto hold an annual general meeting on May 18 to discuss the declaration of afinal dividend for 2015, among other resolutions.

*Moody's said Link Real EstateInvestment Trust's deal to sell seven Hong Kong shopping centers for HK$1.96billion supports its A2 issuer rating and stable outlook. The transaction isalso credit positive, as it will allow the company to limit its debt growth,according to the rating agency.

*China Vanke said in a filing that there was a typographical error in itsprevious disclosureon the transfer of voting rights between its two largest shareholders, wherein163,481,67 A shares should have been 163,481,676 A shares.

*Yuexiu Property Co.Ltd.'s Prime Profit International Holdings Ltd. agreed to sell a49% equity interest in Guangzhou Hong Sheng Property Development Co. Ltd. toGuangzhou Lianheng RealEstate Co. Ltd. for around 2.33 billion Chinese yuan.

GuangzhouHong Sheng is developing a large-scale mixed-use residential and commercialproject in Guangzhou. It comprises four land parcels with a total site area ofapproximately 198,938 square meters.

*Swire PropertiesLtd.'s Alassio luxury residential project in Hong Kong receivedaround 240 subscriptions since the company priced the properties at thehigh-end development, The (Hong Kong) Standard reported.On the other hand, Sun Hung Kai Properties' Ultima Phase II development in Ho Man Tin recordedanother case of deposit forfeiture worth HK$1.72 million.

*Sino-Ocean Land HoldingsLtd., its subsidiaries, joint ventures and associates recordedaround 3.13 billion yuan of contracted sales in March, corresponding to around218,000 square meters of contracted gross floor area.

JAPAN

*The Ministry of Land, Infrastructure, Transport and Tourism will establish anew system to encourage the renovation of unoccupied houses and vacant storesin the country, The Nikkan Kensetsu KogyoShinbun reported.

*Itochu Urban Community has established a guarantee company for its rentalapartments business in hopes of expanding in the Tokyo metropolitan area, reported Jutaku-Shimpo-sha.

SOUTHEAST ASIA

* Singapore-listed CapitaLand Ltd.'s The Ascott Ltd. unveiled The CrestCollection, a brand of luxury serviced residences that includes the Metropoledevelopment slated to debut in Bangkok in June.

* confirmed areport that it plans to spend 180billion Philippine pesos over the next three years for itsdevelopment targets.

*Eco World Development GroupBhd. President and CEO Datuk Chang Khim Wah was reportedby The (Malaysia) Star as saying that Mitsui Fudosan Co. Ltd.'s in the Bukit Bintang CityCentre project indicates the Japanese conglomerate's confidence in KualaLumpur's property and consumer market.

OTHER REAL ESTATE NEWS

* Future LandDevelopment Holdings Ltd. purportedly plans to offer insuranceproducts to its Chinese homebuyers, following speculation that it intends tosubmit a US$1 billion bid for insurance firm Dah Sing Life Assurance, the SCMP reported.

* Chinese buyers became more interested in acquiringresidential properties in Canada, as inquiries for Canadian houses on Juwai.comsurged 134% year over year in the first three months of 2016, Bloomberg News reported,citing the Shanghai-based online property portal.

Now featured

:A new U.K.-based logistics REIT making its trading debut on the London bourseand COIMA RES downsizing the minimum offering size of its IPO made news duringthe week.

The EasternFront: China Vanke shareholders wrestle for control: China Vanke'ssecond-largest shareholder, China Resources Group, has reportedly beenconsidering acquiring the shares held by the largest shareholder, Baoneng Group.

The Daily Dose Asia-Pacific,Real Estate edition is updated by 6:30 a.m. Hong Kong time. Some external linksmay require a subscription. Articles and links are correct as of publicationtime.