The Asia Pacific REIT markets have seen active property purchases and healthy merger and acquisition (M&A) activity in the third quarter of 2019. Click here for our compilation of the major deals and transactions for Q3 2019:
Asia Pacific
Dexus, Frasers Recognised by GRESB as Leading Real Estate Sustainability Firms In separate statements, Australia’s real estate giant Dexus and Singapore’s Frasers Logistics & Industrial Trust welcomed their recent recognition in the 2019 Global Real Estate Sustainability Benchmark (GRESB). GRESB is the environmental, social and governance (ESG) benchmark for real assets. Working in collaboration with …
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Global Property Research (GPR), a specialized provider of benchmarking solutions covering the listed real estate sector, launches three index series containing real estate companies with an overlay provided by the leading real asset ESG data provider GRESB.
Abacus Property Group confirms the completion of the SPP following the closing of the SPP offer at 5:00pm (AEDT) on Friday, 23 August 2019. A total of $4.3 million was raised under the SPP, with approximately 1.1 million new Securities to be issued to eligible applicants on Friday, 30 August 2019 at an issue price …
Ichigo Hotel decided today to sell Hotel Vista Premio Kyoto for JPY 4.5 billion. The sale is being executed at 1.3X book value and 1.2X appraisal value, generating gains on sale of c. JPY 660 million in the January 2020 fiscal period.
Mapletree North Asia Commercial Trust Management Ltd., as manager (the “Manager”) of Mapletree North Asia Commercial Trust (“MNACT”), wishes to announce that a total of 6,166,165 new units(“Units”) in MNACT have been issued on 27 August 2019 at S$1.4194 per Unit for the following purposes: 3,855,249 Units issued to the Manager as payment of the …
Ascott Residence Trust Management Limited, as manager of Ascott Residence Trust (“Ascott REIT”), wishes to announce the pricing of S$150 million in aggregate principal amount of fixed rate perpetual securities (the “Securities”). The Securities will be issued by DBS Trustee Limited (in its capacity as trustee of Ascott REIT) (the “Issuer”).
Japan Prime Realty Investment Corporation Grew its Distribution Per Unit (DPU) bu 0.74% to 7,380 yen (US$69.8) for the period ended June 2019.