Almost all deals in the Asia Pacific region happened in the Greater China sector during the early year of 2019.
Hong Kong and Beijing were the places where the majority of these deals happened, according to APAC Real Estate. A list has just been released, highlighting the most profitable deals that occurred. Real Analytics compiled the data for these deals that transpired in H1 2019.
The Hong Kong-listed Link REIT managed to grab the Centralwalk shopping center, located at the Shenzhen's CBD for RMB $986 million in a deal that was a first in the city.
It was an acquisition mean to tap into major developments happening in the Guangdong-Hong Kong-Macao Greater Bay Area. Another deal that happened was between a team composed of Australian REIT Dexus and the Dexus Wholesale Property Fund and the 80 Collin Street development in Melbourne for $1.03 billion.
Another deal was completed between Australian-listed Scentre Group and the US-based asset manager Blackstone for its Sydney CBD office towers. It sold for $1.06 billion.
This followed a deal in Japan, where a consortium of investors that included Dai-Ichi Life Holdings is said to have received the 631,847 sq ft office project located at 2-2-2 Toranomon in Tokyo for about $1.12 billion.
The Mapletree Bay Point office in Kowloon East, Hong Kong, came under the arm of PAG from Mapletree Investments for $1.14 billion, while Tianjin's Galaxy Mall changed hands to China Resources Land for about $1.15 billion. The Dinghao Plaza is fourth, with Swiss company Partners Group, along with a consortium, receiving the mixed-use development for $1.34 billion.
From the third to first, the Dazhongsi Zhongkun Plaza in Beijing was acquired by Bytedance-the company behind social media app TikTok-for $1.34 billion. Gaw Capital and a group of investors that included Goldman Sachs acquired 12 shopping centers from Link REIT for $1.53 billion, while the Cityplaza Three and Four office towers in Hong Kong changed hands from Swire Properties to Gaw Capital also for $1.91 billion.
This is a good indication of what to expect from the Asian real estate scene in the near future. It is closely intercorrelated with a forecast for the Global Real Estate Software market in Asia to reach new heights in 2019, onwards to the 2020-2024 period, according to Rise Media. It's a breath of fresh air in a region currently gripped by news about the pending trade talks between clashing giants the US and China.
