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Henderson Land is stated to be preparing a 20- storey tower at 27 E and 27 F Robinson Roadway.
One of Hong Kong’s largest designers leads today’s roundup, with Henderson Land having an obtained a website in Central district with plans to develop a 20- storey residential tower on the website.
Also in the news, GIC-owned logistics platform P3 has actually gotten 33 storage facilities in Germany, and a mainland joint endeavor got a Singapore domestic site as a Lion City land sale brought stronger than anticipated bidding.
Henderson Secures Website in HK’s Central for HK$234 M.
Henderson Land has actually included a mid-levels site to its Hong Kong land bank with the blue-chip designer winning the remaining pieces of an aging home at an auction for HK$234 million ($302 million), according to a press release by JLL, which managed the tender.
The auction was organized through a required sale after Henderson had actually gotten more than 80 percent of the area in 27 E and 27 F Robinson Road in Central district. The Hong Kong-listed contractor is said to be planning a 20- floor domestic project for the 3,822 square foot (355 square metre) site, according to regional media accounts. Find out more >>
GIC’s P3 Purchases German Retail Logistics Assets.
GIC’s wholly-owned system P3 Logistic Parks is increase its existence in Germany, having actually inked an agreement to acquire 33 retail logistics possessions there.
The real estate portfolio remains in prime city places in major German cities and towns, and spans over 650,000 sq m of area, GIC said in a release on Thursday. GIC did not talk about the worth of the acquisition. Learn more >>
Singapore Land Sale Quotes Exceed Expectations.
The tenders for 2 confirmed-list property websites under the federal government land sales (GLS) programme for the very first half of the year closed yesterday.
The 2 99- year leasehold land parcels– in Tanah Merah Kechil Link and Yishun Avenue 9– sold by the Urban Redevelopment Authority and the Real Estate Board (HDB), respectively, are the first GLS tenders to close given that the pandemic began. Learn more >>
Trustee of Distressed SG Hotel REIT Expected to Name New Supervisor.
DBS Trustee will adhere to an instruction by the Monetary Authority of Singapore to eliminate the present REIT manager of Eagle Hospitality Trust. A prospective resuscitation bid for the trouble-plagued REIT will also be announced “imminently”.
The so-called notification of intent was issued by the regulator cum central bank on Oct 26, as the REIT manager was considered incapable of complying with MAS’ rules and policies. The REIT manager, EH-REIT Management has likewise devoted numerous breaches of the Securities and Futures Act. Find out more >>
Evergrande Among 12 Developers Told to Report Financing Month-to-month.
China’s regulators have stepped up efforts to control Chinese designers, needing a few of the nation’s largest realty companies to reveal information on financing on a month-to-month basis.
The real estate guard dog and reserve bank have asked 12 developers consisting of China Evergrande Group, Sunac China Holdings Ltd. and China Vanke Co. to report their funding, overall financial obligations and company information on the 15 th of ev
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