Category Archives: News 新闻

LINK REIT(领展)收购广州太阳新天地购物中心

据LINK REIT披露,其于6月4日订立买卖协议,以人民币32.047亿收购位于广州市天河区珠江新城中心内的太阳新天地购物中心。

新天地太阳购物中心位于天河区马场路36号,土地使用权于2039年7月11日到期。物业估值为33.50亿元。8层高商业发展物业连同4层停车场,供月90,113.41平方米总楼面零售面积(可租用零售总面积50,360.82平方米),停车场面积10,077.67平方米,800个停车位。

该项目当前拥有198份租约,出租率70.03%。将于2021年至2023年期间到期的零售租约占该物业零售面积的基本租金收入的68%。

BrookField以14亿美元收购中国购物中心资产包

BrookField(博枫)以14亿美元自ADIA(阿布扎比投资局)与Macquarie(麦格理)合资的公司收购收购了上海悦荟、青岛悦荟、西安悦荟、重庆东原·悦荟·新新Park,以及另一处由北京物业由与万科的独立合资企业经营的项目。

悦萃由Pradera Retail Asis管理,Pradera Retail Asia成立于2016年9月,由两家全球顶尖的行业巨头合资成立,致力于在亚洲范围内提供整合、优质的资产管理服务。公司的投资方之一是拥有雄厚专业实力与卓越零售资产管理能力的Pradera,另一方为在大中华区有逾20载地产事务经验的麦格理基础设施及有形资产(MIRA),双方强强联手开拓亚洲市场。在中国,Pradera Retail Asia为MIRA旗下的四个零售地产(上海悦荟、青岛悦荟、西安悦荟、东原·悦荟·新新Park)提供完善的资产优化服务,管理租赁总面积达20万平方米。

鹏瑞利与融创在杭州拿地做TOD综合体

3月2日,杭州西站枢纽站城综合体项目所涉及的两宗地块均以底价成功出让,总建面高达128万平方米,由杭州市西站枢纽开发有限公司与融创、中国铁建等多家公司组成了两个联合体拿下,成交金额共计约53.77亿元。

根据规划,北侧地块将用于建设商业、酒店、娱乐康体、影视文化中心等,建筑最高约399米,建成后将取代钱江南岸310米高的杭州世纪中心,成为崭新的杭州“第一高楼”。

这个TOD项目将在今年内开工、7年后交付,操盘手正是已在杭州拿下诸多大体量商住项目的融创,以及拥有多个高铁站综合体成功项目的鹏瑞利。

3月2日上午9点15分至9点30分,仅经过一轮报价,该项目一北一南两宗地块便完成了挂牌出让:融创+西站枢纽开发联合体以25.04亿元竞得北侧地块,鹏瑞利+西站枢纽开发+中国铁建+大铁路投资联合体以28.73亿元竞得南侧地块。

出让文件显示,北侧地块出让面积7.55万平方米,容积率7.9,建筑面积59.62万平方米,限高400米,楼面价4200元/平方米,将建成7幢高层建筑(含日后的杭州“第一高楼”),预期在今年9月开工。

南侧地块出让面积9.69万平方米,容积率7.1,建筑面积68.82万平方米,楼面价4175元/平方米,将建成多栋高层建筑,总建面8万平方米的云城展示窗口“云门”地上部分将在今年7月开工。

按照规划概念以及高铁站房“站城一体化”理念,将以杭州西站枢纽为核心,覆盖酒店、商务办公、公寓、文娱、会展、科创等业态,利用枢纽南北两侧传统车站广场,同时促成土地开发强度提高、解决城市发展短板、提升城市空间品质,实现铁路运输和城市综合服务的多重功能复合,即站城融合。

其中,商务办公方面拟引入以云计算为代表的数字科技创新等资源,为人才创业、产业发展提供平台,总建面超50万平方米;引入至少2个五星级以上酒店、总建面超13万平方米,以及满足高端商务、会务、会展需求的国际交流中心1.5万平方米;配置新商业的商业文化服务15万平方米,同时规划服务公寓——可销售、可分割转让。

CDL ACQUIRES MAJORITY EFFECTIVE STAKE IN SHENZHEN TECH PARK IN FIRST MAJOR STEP TO IMPROVE LIQUIDITY OF JOINT VENTURE INVESTMENT IN CHINA

− Transaction involves acquisition from Sincere Property and two entities of China Ping An totalling 84.6% interest in a Chinese tech park developer for RMB 850 million; CDL will also assume its proportionate share of shareholders’ loans
− Combined transaction will accord CDL an effective 55% stake in a tech park in Shenzhen which has been independently valued at RMB 8.8 billion
− Tech park located at the technology hub of Greater Bay Area in southern Chinadeveloping 413,634 square metres of gross floor area over four phases

City Developments Limited (CDL) said today it has entered into agreements to acquire from Sincere Property Group (Sincere Property; 协信远创) – its joint venture investment in China – and two entities of China Ping An (Ping An; 中国平安), equity interests which will accord the Singapore real estate conglomerate a combined 55% effective interest in a Shenzhen technology park.

In its first major corporate action since forming a special working group to improve liquidity of Sincere Property, CDL said it has acquired from the three entities a total of 84.6% equity interest in Shenzhen Tusincere Technology Park Development Co. Ltd. (“the Holdco”; 深圳启迪协信科技园发展有限公司) for RMB 850 million (approximately S$174 million1) and will assume existing shareholders’ loan proportionately. Sincere Property will continue to hold the balance 15.4% equity interest in the Holdco.

The Holdco controls 65% equity interest in Shenzhen Longgang Tusincere Tech Park (“the Project”; 深圳龙岗区 启迪协信科技 园) which has been valued at RMB 8.8 billion (approximately S$1,805million1) by independent valuer, Cushman & Wakefield. The remaining 35% equity interest of the Project is held by Shenzhen Longgang District state-owned enterprise (深圳龙岗区商业服务集团有限公司).

This asset acquisition will reduce the gearing of Sincere Property which has faced liquidity issues since the onset of the COVID-19 pandemic and tighter rules imposed by China related to borrowings of real estate developers. The operating and regulatory environment in China has been evolving rapidly since the Group invested in Sincere Property in April 2020.

The acquisition is the first action by the CDL special working group announced on 4 January 2021 to improve liquidity of its JV equity investment in Sincere Property.

To date, CDL’s total investment in Sincere Property remains at S$1.8 billion as announced inOctober 2020. The Group has not provided any further liquidity support or corporate guarantees to Sincere Property since.

Mr Kwek Leng Beng, CDL Executive Chairman, said, “In executing this asset acquisition the CDL working group is accelerating efforts to implement the restructuring of Sincere Property. Our focus is to improve liquidity while limiting any additional financial exposure by CDL to the investment in Sincere Property.”

领展收购中国物业七宝万科广场50%权益

领展(LINK REIT)宣布,根据日期为2021年2月24日之框架协议及目标股权转让协议书,领展(透过买方)已同意向卖方收购目标股权。 目标股权占目标公司股权之50%。

待落实成交后,领展将透过持有目标股权与持有剩余50%股权之其他股东成为目标公司之共同拥有人。

买方已与其他股东订立合营企业协议(将于成交日期生效),以规管买方与其他股东(作为目标公司之股东)之间的关系。

目标公司为该物业(称为七宝万科广场,位于中国上海市闵行区七宝镇620街坊5/3丘)之唯一拥有人。该物业为五层高商业发展物业连同三层地库,共同组成零售面积约148,852.84平方米,提供购物、休闲、观光、餐饮、娱乐及文化体验,及设有1,471个泊车位的停车场。

按经调整资产净值调整后之代价为相等于人民币64亿元(即议定物业价值)之50%。 于估值日期,根据独立物业估值师之估值报告,该物业之物业估值为人民币65.8亿元。

框架协议载有成交条件。 收购事项之成交须待有关成交条件获达成或(倘适用)豁免后方可作实,其可能会或不会进行。 基金单位持有人及领展之潜在投资者于买卖基金单位时务请审慎行事。于落实成交时,又或倘由于成交条件未获达成以致成交并未进行时,管理人将会作出进一步公告。 管理人亦将会宣布买方或卖方作出之任何调整付款。

嘉里建设与新加坡政府投资公司(GIC)共同竞得上海浦东新区综合用地

2月23日下午,港资房企嘉里建设(00683.HK)与合作方以60.14亿元的价格,竞得上海浦东新区浦兴社区一幅综合用地。


公开资料显示,该地块紧邻轨道交通6号线、12号线巨峰路站,土地面积约6.6万平方米,起始平均楼面价约2.37万元/平方米,住宅部分起始楼面价约4.4万元/平方米。


进入现场竞价环节后,经过 12轮竞价,卓赏有限公司、Brilliant Return Limited、RECO IROKO PRIVATE LIMITED联合体竞得这一地块,楼面价约2.38万元/平方米,溢价率0.2%。
卓赏有限公司由嘉里建设下属投资控股公司卓澄有限公司控制,与嘉里联手的合作方或为GIC(新加坡政府投资公司)。


嘉里建设公告称,其于二零二一年二月二日,卓赏与RECO订立框架协议,据此,订约方同意组成财团,并于竞买成功后成立项目公司,以购买、持有及发展项目地块。 于二零二一年二月二十三日,财团接获上海局方的成交确认书,确认已成功竞买,并且将项目地块之土地使用权授予财团。 因此,卓赏及RECO将订立股东协议以成立项目公司,其中40%及60%股本权益将分别由卓赏及RECO拥有。


项目公司将与上海局方订立土地出让合同。 竞买订金1,435,500,000港元已于提交竞买时支付以符合订金要求,而代价余额将根据土地出让合同予以支付。 订约方将按照各自于项目公司之股权比例,向项目公司提供总额不超过承担金额之股东资金用以支付代价及有关税项。


预计项目公司亦会考虑从金融机构及/或银行取得所需资金及/或融资,以用作该项目之营运资金需求。 项目地块指定作住宅、办公室及商业用途,总占地面积约为66,059.5平方米。 项目地块之住宅、办公室及商业用地土地使用权年期分别为70年、50年及40年。 住宅部分将用作出售,而商业及办公室部分将保留作为由项目公司管理及营运之物业。

Perennial-led Consortium to Divest 50% Stake in AXA Tower, Singapore to Alibaba Singapore at an Agreed Property Price of S$1.68 Billion

Forms new consortium with same investors, and jointly with Alibaba Singapore, redevelop AXA Tower

(Singapore, 6 May 2020)

Perennial Real Estate Holdings Limited (“Perennial”) has through Perennial Shenton Investors Pte. Ltd. (“PSIPL”), a Perennial-led entity comprising a consortium of investors, entered into a share purchase agreement (“SPA”) with a subsidiary (“Alibaba Singapore”) of Alibaba Group Holding Limited(“Alibaba”), a company listed on the New York Stock Exchange and the Hong Kong Exchanges and Clearing Limited, for the sale of a 50% stake (the“Sale Shares”) in Perennial Shenton Holding Pte. Ltd. (“PSHPL”) and the transfer of 50% of the shareholders’ loan outstanding (the “Loan”) to Alibaba Singapore based on an agreed property price of S$1.68 billion (the “Agreed Property Price”) (the “Sale”).

PSHPL indirectly owns AXA Tower, a 50-storey landmark Grade ‘A’ office development with a retail podium sited within Singapore’s Central Business District (“AXA Tower”). Perennial currently indirectly owns an effective 31.2% stake in AXA Tower.

Concurrently, Perennial has together with the same consortium of investors formed a new entity, PRE 13 Pte. Ltd. (“Perennial Newco”), and through PSIPL, transferred the remaining 50% equity stake (the “Balance Shares”) in PSHPL and 50% of the Loan Outstanding (the“Share Transfer”) to Perennial Newco. Perennial will indirectly own a 20% stake in Perennial Newco and an effective 10% stake in AXA Tower.

Upon completion of the Sale and the Share Transfer (together, the “Transaction”), which is expected to take place around June 2020, subject to the conditions precedent being satisfied, Perennial Newco and Alibaba Singapore will enter into a joint venture agreement for the redevelopment of AXA Tower.

Perennial’s share of the net proceeds following the Transaction is expected to be approximately S$196.4millionand its share of the divestment gain is approximately S$45million. The balance proceeds, after Perennial’s reinvestment into Perennial Newco, is expected to be approximately S$137.6 million.

AXA Tower currently has an existing gross floor area (“GFA”) of approximately 1.05 million square feet (“sq ft”). Based on Urban Redevelopment Authority’s Master Plan 2019, AXA Tower has already secured an approved uplift in its gross plot ratio which would increase the development’s existing GFA from approximately 1.05 million sq ft to approximately 1.24 million sq ft. Approval has also been obtained to further increase AXA Tower’s GFA to 1.55 million sq ft should it integrate hotel and residential usage under the CBD Incentive Scheme.

Mr Pua Seck Guan, Chief Executive Officer of Perennial, said, “The divestment of AXA Tower aligns with our capital recycling strategy to deliver a divestment gain, while retaining our involvement to create value via the redevelopment of the prime property which is strategically sited within the Greater Southern Waterfront with breathtaking sea views. Alibaba is already an anchor tenant at AXA Tower, and we are pleased to have their support in creating an iconic landmark in Singapore’s CBD.”

Brief Details on the Transaction

The consideration for the Sale Shares is based on the net asset value (“NAV”) of PSHPL as at closing, calculated based on the Agreed Property Price, and subject to certain adjustments for the NAV of PSHPL as at closing. The consideration for the Sale Shares was determined after arm’s length negotiations between PSIPL and Alibaba Singapore, taking into consideration the current market value of AXA Tower. The consideration for the Loan will be 50% of the principal outstanding under the Loan as at closing.

Within the prescribed period after the execution of the SPA, a deposit of S$16 million will be paid into an escrow account which will be retained by PSIPL on closing. The balance consideration for the Sale Shares and the Loan will be paid in cash, once such computation has been derived based on the agreed terms in the SPA. The completion of the Sale is subject to the satisfaction or waiver of the condition that Perennial Shenton Property Pte. Ltd. secure financing for a principalamount of not less than 65% of the Agreed Property Price and other customary conditions precedent.

The consideration for the Balance Shares is based on the NAV of PSHPL as at closing, calculated based on the Agreed Property Price, and subject to certain adjustments for the NAV of PSHPL as at closing. The consideration for the Balance Shares was determined after arm’s length negotiations between PSIPL and Perennial Newco taking into consideration the Agreed Property Price. The consideration for the Loan will be 50% of the principal outstanding under the Loan as at closing.

The proceeds received by PSIPL from the Sale and the Balance Shares will be upstreamedproportionately to Perennial and the consortium members in accordance with their shareholding in PSIPL. Perennial will then utilise a portion of such proceeds to reinvest in the Perennial Newco.

 

苏宁易购收购万达百货下属全部37家门店

2019年2月12日,苏宁易购董事长张近东在新春团拜会上宣布,苏宁易购正式收购万达百货有限公司下属全部37家百货门店,构建线上线下到店到手全场景的百货零售业态,为用户提供更丰富的数字化、场景化购物体验。

这是苏宁2019全场景零售布局的重要落子。苏宁一直致力于构建全场景智慧零售生态系统,实现从线上到线下,从城市到乡镇的全覆盖,为用户搭起随时可见、随时可触的智慧零售场景,满足在任何时间、任何地点、任何服务的需求。而此次收购万达百货,毫无疑问在快速锁定优质线下场景资源的同时,进一步推进商品供应链变革,更能够为上市公司带来收益增厚。公开资料显示,万达百货在全国的37家门店大都位于一、二线城市的CBD或市中心区域,会员数量超400万人。近两年,万达百货销售规模稳中有升,净利润水平持续提升。

苏宁的收购,将为万达百货注入全新的数字化变革。这家互联网巨头拥有强大的大数据、人工智能等技术手段,将会通过对百货行业的整体数字化改造,进一步提升服务体验。诚如苏宁易购董事长张近东说过的那样,“实体零售业的繁荣,绝不能再靠传统模式,需要运用互联网技术提升效率与体验,让用户感受到品质与快乐!”

对苏宁来说,此次收购万达百货,更是其全场景零售能力全面输出的最新案例。苏宁将通过输出智慧零售CPU能力,突破传统百货概念,从数字化和体验两方面改造供应链,打造全新的百货核心竞争力,补强百货这一重要拼图,进一步完善全场景、全品类布局。

同时,此次收购,也是苏宁业态融合创新的全新探索。过去数年,苏宁不断创新业态场景,打造全场景的零售生活方式体验,创新性的推出了“苏宁极物”、“苏鲜生”、“苏宁小店”、“苏宁零售云”等丰富业态,品类从家电、3C逐步拓展至超市快消、母婴、家居等领域。苏宁原有的丰富业态,以及背后强大的八大产业资源,都可以与百货进行模块化对接,交互创新,创造出更多更创新的前沿业态,为用户提供全方位的服务体验。

Link REIT Sells 12 Properties at HK$12.01 Billion Exceeding Appraised Value by approx. 32.1%

Link REIT (“Link”; Hong Kong stock code: 823), Asia’s largest real estate investment trust, today announced that on 12 December 2018, Link entered into agreements with a consortium led by Gaw Capital Partners to dispose of 12 properties, following a competitive sale process, for a total consideration of HK$12.01 billion (please refer to the list of properties at the end of the press release).

The consideration, the highest offered for the properties, represents approximately a 32.1% premium to the appraised value of the portfolio as of 30 September 2018 and a net disposal gain of about HK$2,787.6 million.

George Hongchoy, Chief Executive Officer of Link Asset Management Limited, the manager of Link REIT, said, “Despite recent market volatility, the property sale attracted overwhelming interest from leading international investors, including global and regional private equity funds, as well as local investors. The competitive bids and final sale price, at better pricing than those achieved in the past disposals, underline global investor confidence in Hong Kong’s economy and its real estate sector while further demonstrating Link’s ability in managing and enhancing assets.

“We are confident that with Gaw Capital Partners’ expertise and experience in asset management, they will continue to create value for stakeholders by further enhancing the operations of the disposed properties,” added Mr Hongchoy.

Following the disposal of the 12 properties and the acquisition of Beijing Jingtong Roosevelt Plaza as announced earlier on 26 Nov 2018, Link will have about 90.1% of its assets in Hong Kong and 9.9% in mainland China. Total portfolio value will amount to about HK$204 billion.

Proceeds of the sale will be used for new investment opportunities in Hong Kong and first-tier cities in mainland China, in addition to general working capital purposes including debt repayment and, where appropriate, unit buy-backs. Completion of the disposals will take place on 13 March 2019.

Link is one of the world’s largest retail-focused REITs and a constituent stock of the Hang Seng Index. It has a portfolio of about 9 million sq. ft. of retail space, around 61,000 carpark spaces and a Grade-A commercial tower with approximately 0.9 million sq. ft. under development in Hong Kong as of today. In mainland China, its portfolio includes nearly 4 million sq. ft. of retail and office space housed in four properties in Beijing, Shanghai and Guangzhou.

Link Asset Management intends to communicate with tenants, nearby residents and other stakeholders to keep them informed on matters relating to the transfer of ownership of the 12 properties, and the purchaser’s assumption of the obligations set out in the Hong Kong Housing Authority covenants.

HSBC and Cushman & Wakefield were the advisors for both the portfolio review and the disposal exercise.

The 12 properties sold, pending completion of the transaction on 13 March, 2019, are as follows:

Ap Lei Chau Property
Chun Shek Property
Fortune Property
King Lam Property
Lei Tung Property
Ming Tak Property
Shan King Property
Siu Hei Property
Tai Ping Property
Wah Ming Property
Wah Sum Property
Wang Tau Hom Property

CapitaLand announces top leadership succession as the Group charts next phase of growth

Current Group Chief Investment Officer Lee Chee Koon to be appointed as President & Group CEO

Singapore, 28 August 2018 – CapitaLand Limited announced today its top leadership team that will drive its next phase of growth. The team comprises:
1) LEE Chee Koon – President & Group Chief Executive Officer
2) Jason LEOW Juan Thong – President (Asia* & Retail)
3) Lucas LOH Jen Yuh – President (China & Investment Management)

These appointments will take effect from 15 September 2018.

Mr Ng Kee Choe, Chairman of CapitaLand Limited said: “The Board has continually worked with the management team on succession planning and deepening of bench strength to build a robust talent pipeline. After a very thorough and systematic review process, the Board is pleased to put in place leaders with the best fit and capability to chart CapitaLand’s next phase of growth. Chee Koon, Jason and Lucas are key members of the management team and have been instrumental in developing and executing the Group’s growth strategy. Led by Chee Koon, the team’s combined competencies and experiences will benefit CapitaLand greatly.”

Mr Lee Chee Koon is currently the Group Chief Investment Officer of CapitaLand. He joined the company in February 2007 and has held several appointments within the Group, including as Chief Executive Officer of The Ascott Limited (Ascott), CapitaLand’s wholly owned serviced residence business. Mr Lee brings a wealth of experience in operational strategy, corporate business development and a strong track record in developing partnerships. Over a four-year period from 2013, he successfully led Ascott’s recovery in profits, significantly grew its revenues and oversaw its unprecedented expansion.

Mr Lee said: “I am deeply honoured to have this opportunity to lead CapitaLand in its next phase of growth. Ming Yan has built a strong foundation for expansion. I will build upon it to bring CapitaLand forward and to achieve greater returns to shareholders. I look forward to working with a very experienced Board and our dedicated colleagues at CapitaLand to shape a greater future for the Group.”

After stepping down as President & Group CEO on 15 September 2018, Mr Lim Ming Yan will continue to serve as a Board Director of the company until 31 December 2018.

Mr Lim said: “I am committed to working closely with the Board and Chee Koon to achieve a smooth transition. Chee Koon has proven himself to be a highly driven and capable leader with strong core values. I am delighted to be handing over the reins to an executive of his calibre. This new cohort of top leadership was primed and groomed for many years, and I am proud to see them rising to the challenge.”