* Poly Property Group Co. Ltd. acquired a 498,700-square-meter mixed-use development site in Guangzhou, China, for 5.2 billion yuan, Guandian reported. The project intended for the land plot will include a 150-meter apartment building and two 150-meter office towers.
* Beijing Capital Land Ltd. plans to raise about 2.55 billion yuan before expenses via its proposed issuance of 1,513,980,000 rights shares. The anticipated 2.49 billion yuan in net proceeds from the issuance will be used to partially repay the company's existing onshore and offshore debts, according to a filing.
* Separately, Beijing Capital Land said the public tender for its 686.1 million-yuan divestment of a 51% stake in Capital Qinglv (Kunshan) Real Estate Co. Ltd. attracted only one bid from Shanghai Lushangda Corporate Development Ltd. The property developer noted that the sole bidder matched its reserve price for the stake, which was marketed through the China Beijing Equity Exchange.
* As planned, China Merchants Land Ltd. expanded its business to include the management of real estate investment trusts following the Dec. 10 debut of its China Merchants Commercial REIT spinoff on the Hong Kong stock exchange.
* China Overseas Land & Investment Ltd. secured a 131,716-square-meter residential land parcel in Wuhan, China, for nearly 2.38 billion yuan, while Ping An Insurance (Group) Co. of China Ltd. clinched a separate 133,761.71-square-meter residential development site in the same city for 1.73 billion yuan, Guandian reported.
* Joy City Property Ltd. placed the winning 1.64 billion-yuan bid for a roughly 63,300-square-meter mixed-use development site in Sanya, China. The property, which can be used for commercial and serviced apartment developments for a 40-year term, has a total planned gross floor area of approximately 301,400 square meters.
* Hong Kong's Lands Department awarded the 21-year land grants for five petrol filling stations across the city to PetroChina International (Hong Kong) Corp. Ltd. after it offered to pay a sum of nearly HK$2.89 billion.
* Meanwhile, Hong Kong's Town Planning Board received an application to transform a 53,584-square-meter land parcel in the Yuen Long area into a comprehensive residential development. If approved, the project will involve the construction of 3,848 residential properties across 16 towers and 34 houses.
* Mirvac Group won the rights to a one-hectare development site in the Brunswick suburb of Melbourne, The Australian Financial Review reported. The amalgamated plots at 395-403 Albert St. will be developed into a build-to-rent project with a potential end value of more than A$200 million and the capacity to provide over 400 dwellings.
* International Parking Group Pty. Ltd. bought The Queen Elizabeth II Medical Centre Car Park in Western Australia from LendLease Group and Catholic Superannuation Fund for an undisclosed amount, the AFR's Street Talk reported. The property, which provides more than 5,000 parking spots, was marketed with expectations for as much as A$200 million, the publication added.
* AMP Capital's AMP Capital Diversified Infrastructure Trust struck a A$150 million deal with Urbanest for the rights to deliver student accommodation for the University of Melbourne's Melbourne Connect campus and innovation hub in the inner suburb of Carlton, the AFR reported. As part of the 42-year term deal, the trust will operate and generate rental revenue from a 527-bed facility that is slated to open in 2021.
* PortNordica Ltd. is acquiring the four-story commercial complex at 11 Liverpool Place in the city of Townsville, according to CBRE Group Inc. The property forms part of Honeycombes Property Group's A$450 million Central master-planned precinct and will be leased under a 10-year term deal to Australia's Commonwealth Government.
* Asian logistics company ESR Pte. Ltd. unveiled a new A$138 million mandate that will support its development pipeline in Australia, The Australian reported. The ESR Office Partnership IV will be seeded with a portfolio including two premium business parks in Sydney.
* Sumitomo Realty & Development Co. Ltd. unveiled the final blueprint for Haneda Airport Garden, which is an integrated complex being built on the premise of Tokyo's Haneda Airport. The development includes a shopping mall and a 1,717-room hotel that is expected to be the biggest airport hotel in Japan upon its scheduled opening in 2020.
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Ian Cruz, Emily Lai and Jaekwon Lim contributed to this report.