In today’s roundup of regional news headlines, Japanese conglomerate Tokyu announces plans for a Tokyo mixed-use project, Hong Kong’s Sun Hung Kai Properties offers deep discounts to apartment buyers, and Chinese regulators try to tamp down the mortgage boycott crisis.
ADIA Launches $590M India Office Fund With Kotak and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, the Abu Dhabi Investment Authority creates an office platform with India’s Kotak Investment Advisors, Beijing instructs Hong Kong’s new leader to tackle the city’s housing issues, and a developer expresses interest in Singapore’s… Read More>>
Mapletree Wins Approval for $3.1B Commercial REIT Merger
Shareholders of Mapletree Commercial Trust (MCT) and Mapletree North Asia Commercial Trust (MNACT) have approved a S$4.22 billion ($3.07 billion) merger, which creates the Singapore exchange’s third largest REIT, after sponsor Mapletree Investments sweetened the deal with an all-cash payout… Read More>>
Mapletree to Invest $1.6B to Ensure Success of MCT-MNACT REIT Merger
The managers of Mapletree Commercial Trust (MCT) and Mapletree North Asia Commercial Trust (MNACT) have sweetened their proposed S$4.22-billion ($3.1 million) merger deal by offering an all-cash option funded by their sponsor, amid a flurry of criticism of the plan… Read More>>
Shimao Marketing Shanghai Hotel for $354M and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, debt-saddled Shimao shops its unique hotel property situated in a mine pit near Shanghai, Abu Dhabi-backed ADIA buys an Indian mall from fellow sovereign investor GIC, and a Zhenro Properties bond sags amid… Read More>>
Mapletree $3B REIT Merger Targeted by Activist Investor That Sank Sabana Deal
Opponents of the proposed merger of Singapore-listed Mapletree Commercial Trust and Mapletree North Asia Commercial Trust gained an experienced ally this week in activist investor Quarz Capital Management, which is urging MNACT unitholders to reject the S$4.22 billion ($3.13 billion)… Read More>>
Mapletree REIT Merger Plan Prompts Moody’s Credit Review
Less than a week after Mapletree Investments proposed to merge two of its commercial REITs, Moody’s Investors Service has placed Mapletree Commercial Trust under review for a potential credit rating downgrade as MCT’s Temasek Holdings-backed sponsor works to sell the… Read More>>
Mapletree Proposes $3.13B Merger of Singapore, North Asia Commercial REITs
Mapletree Investments is proposing to merge Mapletree Commercial Trust (MCT) and Mapletree North Asia Commercial Trust (MNACT) in a S$4.22 billion ($3.13 billion) deal which would create Asia’s seventh-largest REIT.
If shareholders approve, the merger would establish Mapletree Pan Asia… Read More>>
Prime US REIT Buys San Diego Offices for $146M and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, Keppel-managed Prime US REIT acquires an office complex in sunny San Diego, debt-stricken developer China Evergrande scraps a planned special dividend, and CDL Hospitality Trusts broadens its mandate to include student housing and… Read More>>
Mapletree North Asia Commercial Trust to Add HP Japan Building for $350M
Singapore-listed Mapletree North Asia Commercial Trust has agreed to buy a Tokyo office building fully occupied by Hewlett-Packard Japan for JPY 38.8 billion ($350 million).
MNACT will acquire an effective interest of 98.47 percent in the nine-storey office block in… Read More>>