Mingtiandi

Asia real estate and outbound investment news

  • Facebook
  • LinkedIn
  • RSS
  • Twitter
Remember Me

Lost your password?

Register Now

Loading...
  • Capital Markets
  • Events
    • Mingtiandi 2025 Event Calendar
    • Mingtiandi APAC Residential Forum 2025
    • Mingtiandi Singapore Forum 2025
    • Mingtiandi APAC Logistics Forum 2025
    • Mingtiandi APAC Data Centre Forum 2025
    • Mingtiandi Tokyo Forum 2025
    • More Events
  • MTD TV
    • Residential
    • Logistics
    • Data Centre
    • Office
    • Singapore
    • Tokyo
    • Hong Kong
    • All Videos
    • Post-Event Stories
  • People
    • Industry Moves
    • MTD TV Speakers
  • Logistics
  • Data Centres
  • Asia Outbound
  • Retail
  • Research & Policy
  • Advertise

Mapletree Industrial Trust Nabs $224M Green Loan and More Asia Real Estate Headlines

2020/12/10 by Michael Cole Leave a Comment

Mapletree Atlanta Powered Shell data centre

Mapletree Industrial Trust recently bought a stake in 13 US data centres

Asia’s green future leads today’s real estate news from around Asia, as Mapletree Industrial Trust, which has lately turned its focus to data centres, has secured a sustainability-linked credit facility.

Also making headlines is an apparent delay in Hang Lung’s purchase of a US consular compound in Hong Kong, and the government of that Asian financial hub has decided to scratch a long-studied Kowloon East transport link.

Mapletree Industrial Trust Lands $224M Sustainability-Linked Facility

The manager of Mapletree Industrial REIT announced on Thursday that the Singapore-listed trust had secured its first ever sustainability-linked credit facility for S$300 million ($224 million). The six year loan was arranged through OCBC and is linked to the trust achieving sustainability targets set out in its annual reports.

“Integrating MIT’s sustainability performance with our cost of financing underscores our commitment to sustainable and responsible growth,” said Ler Lily, chief financial officer of the trust’s manager. “Our first sustainability-linked facility will strengthen the resilience of our capital structure and diversify our funding sources.” Read more>>

Hang Lung Says All OK with Slow-Moving Shouson Hill Deal

Hong Kong-based Hang Lung Properties said on Wednesday that it expects its HK$2.56 billion (US$330.2 million) acquisition of property at 37 Shouson Hill Road from the United States government to go through as planned.

“We expect to complete the transaction according to the timeline stated in the sales and purchase agreement,” the company said. The tender said the deal will be completed on or before December 31. Read more>>

Hong Kong Scraps Plan for Kowloon East Monorail

A decade-old government proposal for a HK$12 billion (US$1.55 billion) elevated rail link cutting across the heart of Kowloon and the massive Kai Tak Development has been ditched due to cost concerns, according to a senior Hong Kong official.

Some lawmakers expressed disappointment at the scrapping of the plan – which had been under consideration since 2009 and had already cost more than HK$90 million in studies – questioning whether the government could alleviate rising traffic congestion in Kowloon East without the rail link. Read more>>

FLCT Selling Aussie Assets for A$29.6M

The manager of Frasers Logistics & Commercial Trust (FLCT) has entered into a sales and purchase agreements to divest three leasehold industrial properties in South Australia, it said on Thursday.

The total consideration for the properties is A$29.6 million (S$29.5 million), which represents a 19.4 per cent premium to their book value of A$24.8 million as at Sept 30, 2020, the manager said in the exchange filing. Read more>>

780x250 CorporateV2

Parkway Life REIT Buying Tokyo Senior Home for JPY 1.65B

Parkway Life Reit (PLife Reit) is acquiring a nursing home in the Greater Tokyo region from aged care operator KK Habitation for 1.65 billion yen (S$15.7 million).

In a filing to the Singapore Exchange, PLife Reit’s manager said that the purchase is being made at about 4.6 per cent below valuation, and will generate a net property yield of 6.4 per cent. Read more>>

New Century Integration Buys Singapore Industrial Site for S$2.2M

Singapore’s Jurong Town Corporation has awarded the tender for the industrial site at 160 Gul Circle to New Century Integration for S$2.2 million.

Launched on Aug 25, the tender closed on Oct 6 with four bids received, JTC said in a press statement on Thursday. The site spans an area of 3,686 square metres (sq m) with a gross plot ratio of 1.4. Read more>>

Keppel Land Reaches $400M First Close on Vietnam Fund

Keppel Corp’s asset management arm Keppel Capital and property arm Keppel Land have launched a Vietnam-focused real estate fund, which raised US$400 million in its first closing.

This includes co-investment commitment from an unnamed global institutional investor, Keppel Capital and Keppel Land said on Friday in a press statement. Read more>>

Shares in Chinese Toy Maker Expected to Pop in Friday Debut on HKEX

Beijing-based Pop Mart is due to list in Hong Kong on Friday after raising $676 million in an initial public offering that priced at the top of its range, valuing the decade-old firm at as much as $7 billion.

Pop Mart’s shares could open as much as 103% higher on Friday from its HK$38.50 offer price when it debuts, according to gray market trading set by Phillip Securities in Hong Kong on Thursday. Read more>>

Singapore Theatre Chains Set to Merge

Singapore-listed mm2 Asia has entered into a heads of agreement for the possible merger of its Cathay cinema business with Golden Village cinemas in Singapore, which is owned by Orange Sky Golden Harvest Entertainment (Holdings) Limited (OSGH).

As part of the deal, the two companies aim to bring in new investors to inject more capital into the combined business, which would be the largest cinema operator here. Read more>>

Tune in again soon for more real estate news and be sure to follow @Mingtiandi on Twitter, or bookmark Mingtiandi’s LinkedIn page for headlines as they happen.

Share this now

  • LinkedIn
  • Share
  • Tweet
  • Email

Filed Under: crelist Tagged With: Frasers Logistics and Commercial Trust, Hang Lung Properties, Keppel Land, Mapletree Industrial Trust, Parkway Life REIT

Leave a Reply

Your email address will not be published. Required fields are marked *

Get Mingtiandi Delivered

  • This field is for validation purposes and should be left unchanged.

MTD TV

MTD TV proptech show
COVID-19 Accelerates Proptech Adoption in Asia: Watch on MTD TV
LaSalle, Gaw, CPPIB and Invesco See Opportunities as Asian Real Estate Markets Reprice

More MTD TV Videos>>

People in the News

EQT_David Kim
Asia Real Estate People in the News 2025-06-21
singh-anshuman
Asia Real Estate People in the News 2025-06-16
Raymond Lee Paul Hastings
Law Partner Picks Up Hong Kong Home of Former Birmingham City Boss for $37M
Teo Chee Hean Temasek
Asia Real Estate People in the News 2025-06-09

More Industry Professionals>>

Latest Stories

Chan Hung Ming Grand Ming
Bain Capital in Exclusive Talks to Acquire Hong Kong Data Centre Projects for Up to $274M
Stuart Dawes Gateway
Aussie Shed Surge Continues with $87M Gateway Portfolio Disposal
EQT_David Kim
Asia Real Estate People in the News 2025-06-21

Sponsored Features

How to Create a Win-Win for Investors and Occupiers
Lingeage Logistics Cold Storage Complex
Mount Maunganui Cold Storage Facility for Sale
7 in 10 Senior Directors Confident in Data Centres, but Talent Shortage Will Widen

More Sponsored Features>>

Connect with Mingtiandi

  • Facebook
  • LinkedIn
  • RSS
  • Twitter

Real Estate News

  • Capital Markets
  • Mingtiandi 2025 Event Calendar
  • MTD TV Archives
  • People
  • Logistics
  • Data Centres
  • Asia Outbound
  • Retail

More Mingtiandi

  • About Mingtiandi
  • Contact Mingtiandi
  • Mingtiandi Memberships
  • Newsletter Subscription
  • Advertise
  • Terms of Use
  • Privacy
  • Join the Mingtiandi Team


© 2007-2025 China Advertising Media Ltd (Samoa). All rights reserved.

We use cookies in accordance with our Privacy policy to provide the best user experience on Mingtiandi and to safeguard user data. By continuing to browse you consent to the policy. AcceptRefuse