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Scentre to clinch A$2B Sydney project; Sun Hung Kai Properties' Thomas Kwok out on bail


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Scentre to clinch A$2B Sydney project; Sun Hung Kai Properties' Thomas Kwok out on bail

* A consortium appears to bein the lead to win the building rights for the A$2 billion project in Sydney, The Australian reported,citing unnamed sources.

Thenews tipped the scales against Lendlease Corp. Ltd. and , which are said to belobbying the state government for another shot for the 5.2-hectare project.

* Former co-Chairman ThomasKwok gained temporary freedom after posting a HK$10 millionbail, pending a finalappeal against his conviction of bribery charges, The (Hong Kong) Standard reported.

* told the thatChina Resources Co. Ltd. and Shenzhen Metro Group Co. Ltd. have denied localmedia reports that they plan to buy China Vanke shares held by Baoneng Group.

* India's Sahara Group plansto sell three hotels in New York and London for 100.00 billion Indian rupees toQatar InvestmentAuthority, as the company seeks to gain clearance from the SupremeCourt of India, The Times of India reported.

* saidthat New Western Holdings LLC agreed to the final in GLP US Income PartnersII portfolio for US$108.0 million. The 5.45% stake will be sold toan unnamed and new third-party investor.


* Sales at 's Harbour Cityand Times Square shopping malls in Hong Kong have become stable, following adecline between January and March, TheStandard reported,citing Wharf Executive Director Leng Yen-thean.

Meanwhile,Henderson Land Development Co.Ltd. plans to sell more residential units by putting up to 750flats on the market from its Ho Man Tin and Sheung Shui projects within thesecond half, accordingto the publication.

* Fitch Ratings affirmedCK Hutchison HoldingsLtd.'s A- long-term foreign-currency issuer default andforeign-currency senior unsecured ratings. The outlook is stable.

* submittedsealed copies of the relevant court orders for its offshore schemes to therespective companies registrar in Hong Kong and the Cayman Islands, making theschemes effective, according to a filing.


* Propertylink and its sponsorare testing investors' appetite for its IPO at an up to 7.4% forecast distribution yield, The Australian Financial Review's StreetTalk reported.

* Brookfield Multiplex will bein charge of the A$600 million redevelopment of the in Perth,after AMP Capital selected the company as its preferred builder, the AFR reported.

* Still in Perth, and Hawaiian Investments hope to sell the Carillon City shopping center in thecentral business district for more than A$120 million, the AFR reported.

* An unnamed private buyeragreed to buy fund manager Invesco's 18-level office building in Melbourne'scentral business district for roughly A$170 million, reflecting a yield ofaround 5.65%, the AFR reported.


* saidthat FCL Treasury Pte.Ltd. proposed to issue US$200 million of fixed-rate notes due 2021under its S$3.00 billion multicurrency debt issuance program. Thenotes will have an interest rate of 2.50% per annum.

* saidits indirect wholly owned subsidiaries completed the issuance of preferredshares, which was a component of the company's .


* ORIX Real Estate Corp. andOkura Nikko Hotel Management Co. Ltd. plan to open the Hotel JAL City HanedaTokyo West Wing in September, according to a release.The 103-room property will be in proximity to the Haneda International Airportin Tokyo.

* and FourSeasons Hotels and Resorts will open a hotel in Otemachi 1-chome, Chiyoda Ward,Tokyo, in spring 2020, Asahi Interactive reported.


* expanded its presence insouth India with the opening of the Grand Mercure Mysuru, according to a release.

* Fitch Ratings said thathomebuilders in the country with significant exposure to London's real estate marketare bound to experience near-term difficulties, following the U.K.'s decisionto be excluded fromthe European Union.


* priced thefirst tranche of its 60 billion-Philippine-peso , according to a release.The first-tranche notes amounting to 10 billion pesos bear an interest rate at4.2005% per year.

* and itsJapanese partner plan to invest as much as US$200 million for a redevelopmentproject in downtown Yangon, Myanmar.

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