Mingtiandi

Asia real estate and outbound investment news

  • Facebook
  • LinkedIn
  • RSS
  • Twitter
Sign Up / Login Logout

Lost your password?
Register
Forgotten Password
Cancel

Register For This Site

A password will be e-mailed to you.

  • Capital Markets
  • Events
    • 2021 Mingtiandi Event Calendar
    • Join the Mingtiandi Asia Value-Add Forum 2021
    • Join the Mingtiandi Multi-Family Investment Forum 2021
    • Join the Mingtiandi Logistics Real Estate Forum 2021
    • Join the Mingtiandi Sustainable Real Estate Forum 2021
    • Join the Mingtiandi Data Centre Forum 2021
    • Join the Mingtiandi Office Strategies Forum 2021
    • Join the Mingtiandi Proptech Forum in November
    • More Events
  • MTD TV
  • People
  • Logistics
  • Asia Outbound
  • Retail
  • Design & Construction
  • 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.

Altus Argus Enterprise

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>>

MTD Proptech Report

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>>

Sustainability Forum

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.

Related Stories

  • Singapore Hikes Stamp Duty 2% on Million Dollar Home Sales and More Asia Real Estate HeadlinesSingapore Hikes Stamp Duty 2% on Million Dollar Home Sales and More Asia Real Estate Headlines
  • Li Ka-Shing Plans US SPAC and More Asia Real Estate HeadlinesLi Ka-Shing Plans US SPAC and More Asia Real Estate Headlines
  • CapitaLand Sinks to S$1.67B Loss in 2020 H2 and More Asia Real Estate HeadlinesCapitaLand Sinks to S$1.67B Loss in 2020 H2 and More Asia Real Estate Headlines
  • Korea’s Hana Buys N Carolina Office Building for $201M and More Asia Real Estate HeadlinesKorea’s Hana Buys N Carolina Office Building for $201M and More Asia Real Estate Headlines

Share this now

  • LinkedIn
  • Share
  • Tweet
  • Email

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

Office Investment

Leave a Reply Cancel reply

Your email address will not be published.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

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Knight Frank 390-396 Pitt St

Get Mingtiandi Delivered

Office Investment

MTD TV

MTD TV Interview with Jeffrey Perlman of Warburg Pincus Now Online

MTD TV proptech show

COVID-19 Accelerates Proptech Adoption in Asia: Watch on MTD TV

More MTD TV Videos

Latest Stories

lee-kok-sun GIC

GIC Invests in $1.2B US Retail JV with RPT Realty, Monarch, Zimmer

George Hongchoy, Executive Director & CEO, Link REIT

Interview with Link REIT Executive Director and CEO George Hongchoy MTD TV Asia Value-Add Forum 2021

Singapore and Japan Ranked Among Top Three Data Centre Markets Globally

Sponsored Features

Tony Horrell

Colliers’ Global Investor Sentiment Report Anticipates Up to 50% Surge in Investment in 2021 Sponsored Feature

Andrew-Slevin-John-Foord (4)

Insurtech to Help Address Underinsurance Across Asian Real Estate Assets in 2021 Sponsored Feature

CK Lau

Asia Pacific Logistics Sector: Increasingly Varied Sector Requires Multiple Approaches Sponsored Feature

More Sponsored Features>>

MTD-QR-Code-320

Top Stories

Allianz Real Estate Ups Japanese Holdings With $89.5M Tokyo Apartment BuyAllianz Real Estate Ups Japanese Holdings With $89.5M Tokyo Apartment Buy

Logos Aims for $2.3B Aussie Portfolio After Sydney, Singapore AcquisitionsLogos Aims for $2.3B Aussie Portfolio After Sydney, Singapore Acquisitions

GIC Invests in $1.2B US Retail JV with RPT Realty, Monarch, ZimmerGIC Invests in $1.2B US Retail JV with RPT Realty, Monarch, Zimmer


Connect with Mingtiandi

  • Facebook
  • LinkedIn
  • RSS
  • Twitter

Real Estate News

  • Capital Markets
  • Events
    • 2021 Mingtiandi Event Calendar
    • Join the Mingtiandi Asia Value-Add Forum 2021
    • Join the Mingtiandi Multi-Family Investment Forum 2021
    • Join the Mingtiandi Logistics Real Estate Forum 2021
    • Join the Mingtiandi Sustainable Real Estate Forum 2021
    • Join the Mingtiandi Data Centre Forum 2021
    • Join the Mingtiandi Office Strategies Forum 2021
    • Join the Mingtiandi Proptech Forum in November
    • More Events
  • MTD TV
  • People
  • Logistics
  • Asia Outbound
  • Retail
  • Design & Construction
  • Research & Policy
  • Advertise

More Mingtiandi

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