DEALS ROUND-UP
REIT ASIAPAC
SoilBuild REIT Plans to Acquire its Third Property in Australia
Deal Type : Acquisition
Net Lettable Area : 24,969 m
Value : A$142.01 million (US$95.87 million)
Date :
SoilBuild REIT’s move to acquire a multi-tenanted freehold
Grade-A office located at 25 Grenfell Street, Adelaide is said to
be part of their strategy to expand their footprint in Australia.
The acquisition brings SoilBuild REIT’s portfolio to 11 properties
in Singapore and 3 in Australia.
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August 21
AUSTRALIA
MALAYSIA
Axis REIT Proposes Acquisition of Leasehold Land in Bayan Lepas Free Industrial Zone Phase 4
Deal Type : Acquisition
Gross Floor Area : 7,248.7 m
Value : RM20.5 million (US$2.86 million)
Date : July 17
The property’s location is said to be a prime industrial area
sought after by local and multi-national operators and investors.
The acquisition will enable Axis-REIT to strengthen its portfolio
of industrial properties.
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Axis REIT Announces Plans to Acquire Nusajaya Tech Park Properties
Sale of Sydney Property to Contribute to Dexus’ Trading Profits Deal Type : Acquisition
Deal Type : Property Disposal Gross Floor Area : 13,749.6 m 2
Value : A$315 million (US$211.9 million) Deal Value : RM 55.8 million (US$13.3 million)
Date : August 9 Date : August 13
Dexus decided to sell its 201 Elizabeth Street property in Sydney,
in which it owns 50%. The contract indicates a 25% interest
sale of the property for $157.5 million and includes a put and
call option to sell its remaining 25% interest in late 2020 for a
further $157.5 million.
The properties are located in an integrated industrial
development area. The first property is currently used for
Aerospace-related manufacture and services and ancillary
activities while the other is for Manufacturing, processing and
storage of food ingredients.
Al-’Aqar Healthcare REIT to Acquire a New Hospital
Abacus Property Group Acquire 32% Interest In 201 Elizabeth Street In Sydney Deal Type : Acquisition
Deal Type : Acquisition Gross Floor Area : 16,132.05 m
Net Leasable Area : 38,934 m 2 Value : RM78 million (US$18.54 million)
Value : A$630 million (US$425 million) Date : August 26
Date : August 9
Abacus Property Group has joined a consortium managed by
Charter Hall Group to acquire the Grade-B property as tenants
in common. The transaction will complete in two tranches,
with a settlement of a 75% stake in November 2019 and the
balance between July and October 2020. The companies see a
repositioning opportunity to a Grade A office tower.
Property Disposal
Value : A$340 million (US$228.8 million)
Date :
Stockland said the sale of its 50% stake in 135 King Street
and Glasshouse in Sydney is part of the company’s vision to
accelerate their workplace and logistics development strategy.
The sale also financed the company’s acquisition of another
property in Sydney.
August 21
Stockland Acquires Property in Piccadilly Centre
Deal Type : Acquisition
Gross Land Area : 4,800 m
Value : A$347 million (US$233.5 million)
Date : August 21
JAPAN
IIF Completes Its Multi-Asset Acquisition Plan After Finalising Its Latest Purchase in Gifu
Stockland Sells its Sydney Property Stakes
Deal Type :
The acquired hospital is KPJ Batu Pahat Specialist Hospital, a 7
multi-storey purpose-built hospital building with landscaping,
installation, facilities, infrastructure and car parks. The hospital
has a proposed license for 60 beds, with additional 30 beds for
future expansion.
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Deal Type : Acquisition
Value : 225 million yen (US$2.11 million)
Date : July 16
The acquired property, the Kakamigahara Manufacturing
Center, is land with a leasehold interest. It forms part of IIF’s
plan to acquire five properties across Japan, including the Shin-
Kawasaki R&D Center, Ichikawa Food Processing Center, Hyogo
Tatsuno Logistics Center and the Akishima Logistics Center.
ORIX JREIT Acquires Sendai Minamimachidori Building
The acquisition takes Stockland’s stake in the Piccadilly Centre
from 50% to 100%. Stockland’s move is part of the company’s
plan to enhance long-term income growth and increase the
valuation resilience of the overall portfolio.
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Deal Type : Acquisition
Gross Area : 4,096.42 m
Deal Value : 3.9 billion yen (US$37 million)
Date : July 31
The property is situated in an area in front of Sendai Station,
which transports the largest number of passengers in the Tohoku
region, in Sendai City. ORIX JREIT said this area is expected to be
more vibrant with the development of Subway Tozai Line.
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