* CK Asset Holdings Ltd.'s CK Noble (UK) Ltd. subsidiary agreed to purchase all the issued share capital it does not already own in Greene King PLC for an aggregate cash consideration of about £2.7 billion. The £8.50-per-share takeover offer for the integrated brewer and pub retailer is subject to the satisfaction of various conditions.
* Singapore's sovereign wealth fund GIC Pte. Ltd. will acquire a 25.1% stake in Lendlease International Towers Sydney Trust from Canada Pension Plan Investment Board and LendLease Group for an undisclosed consideration. The A$4.3 billion Sydney office fund owns a portfolio that includes the International Tower Two and International Tower Three properties, which form part of an at least A$6 billion complex in the city's Barangaroo precinct.
Hong Kong and China
* Dafa Properties Group Ltd. expects to post a first-half profit attributable to owners of more than 290 million yuan, compared to 5 million yuan in the prior-year period. The company attributed the expected rise to the increase in revenue it recognized from the sale of properties.
* Landsea Green Group Co. Ltd.'s board proposed to change the company's English name to Landsea Green Properties Co. Ltd. to reflect its focus on the development of green properties. According to a filing, the plan is subject to various conditions, including the approval of the company's shareholders.
* China Evergrande Group placed the winning 5.7 billion-yuan bid for two mixed-use development sites in Guangzhou, China, Guandian reported. Through the successful tender, the property company is taking ownership of a 197,800-square-meter parcel and a 126,900-square-meter parcel.
* Poly Developments and Holdings Group Co. Ltd. agreed to pay 2.5 billion yuan to buy an integrated development site in Shanghai, Mingtiandi reported, citing an announcement from the Shanghai Land Exchange. The company's winning bid for the 65,033-square-meter property represents a 6.01% premium to the land parcel's 2.36 billion-yuan price tag.
* Zhenro Properties Group Ltd. filed an application with the Hong Kong stock exchange to list US$110.0 million of 9.15% senior notes due 2022. The planned issuance will be consolidated with the company's earlier US$200.0 million issuance of such notes in March.
* The vacancy rate in Hong Kong's Central district rose to a three-year high of 2.6% amid the current political condition in the city, Apple Daily reported, citing Jones Lang LaSalle Inc. data. Businesses moved out of approximately 56,100 square feet of office space in July, while office investments are also showing signs of slowing down.
Australia
* The New South Wales government dropped its appeal against a New South Wales Supreme Court's ruling in favor of LendLease and Crown Resorts Ltd.'s request to prevent the planned expansion of a A$5 billion integrated development in Sydney, The Australian Financial Review reported. The pair filed an injunction against the joint venture involving Scentre Group based on the claims that enlarging the project would block views from Crown Resort's planned A$2.2 billion hotel development and Lendlease's apartment tower.
Japan
* Japan Excellent Inc. resolved to purchase trust beneficiary interest in the Bizcore Akasaka Mitsuke office building in Minato-ku, Tokyo, from Nippon Steel Kowa Real Estate Co. Ltd. for ¥6.20 billion. The Japanese real estate investment trust intends to use cash on hand and borrowed funds to finance the acquisition.
* Kato Pleasure Group Co. Ltd. earmarked ¥5 billion for its plan to add a 77-room hotel in its 330-room Kafuu Resort Fuchaku Condo Hotel in Okinawa, which is slated to be launched in 2021, Tokyo's The Nikkei reported.
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Ian Cruz, Emily Lai and Jaekwon Lim contributed to this report.
