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CPPIB commits €450M to €2B GLP tie-up; China Evergrande plans US$1B notes issue

* Canada Pension Plan Investment Board, through a subsidiary, committed to invest €450 million in a €2 billion partnership with Singapore's GLP Pte. Ltd. and QuadReal Property Group. The partnership will develop modern logistics facilities in Germany, France, Italy, Spain, the Netherlands and Belgium.

* China Evergrande Group's Scenery Journey Ltd. is planning a US$1.00 billion boost to its issuance of US$565.0 million in 11.0% senior notes due Nov. 6, 2020. In a filing, the Chinese developer said it will use net proceeds from the additional offering to primarily refinance its existing offshore debt.

Hong Kong and China

* Beijing Capital Land Ltd.'s Shenzhen Capital Investment Real Estate Co. Ltd. subsidiary is providing a 410.0 million-yuan loan to Guangzhou Bizeng Real Estate Development Co. Ltd., a joint venture company established for the development of an approximately 1.34 billion-yuan residential site in Guangzhou, China.

* Sun Hung Kai Properties Ltd. sold a 4,661-square-foot home in its Twelve Peaks project in Hong Kong for HK$667 million, The (Hong Kong) Standard reported. The consideration translates to HK$143,000 per square foot, making the property the most expensive house sold in the development.

* Shenzhen Investment Ltd.'s unaudited contracted sales in October surged 375.9% on an annual basis to nearly 1.29 billion yuan, representing sales area of approximately 41,657 square meters. For the first 10 months of 2018, the Hong Kong-listed property developer recorded a 33.4% year-over-year decrease in its contracted sales to about 7.00 billion yuan.

* Fitch Ratings, as cited by Reuters, said home prices could decrease in some smaller cities in China in 2019. The rating agency also revised its outlook for the country's housing market to negative from stable, in line with its expectations that economic growth will slow in the sector.

Australia

* Propertylink reiterated its call for security holders to accept ESR Real Estate (Australia) Pty. Ltd.'s A$1.20-per-security takeover offer for the listed property company, which is slated to close Jan. 31, 2019.

* James Kelly, managing director of Lifestyle Communities Ltd., was cited by The Australian Financial Review as saying that mid-tier developers are looking to sell large developable land parcels in Melbourne's growth corridors as pressure from banks mounts amid approaching settlement dates.

* Charter Hall Group was named by the AFR as the seller of an office property in the Newstead suburb of Queensland that Growthpoint Properties Australia agreed to buy for A$250 million as part of a CBRE Group Inc.-brokered agreement.

Indonesia

* CapitaLand Ltd.'s The Ascott Ltd. subsidiary agreed to manage within five years the serviced residences that will be developed by PT Ciputra Development Tbk in Indonesia and China. The 253-unit Citadines Sudirman Jakarta, which is scheduled to open in 2021, will be the first property to benefit from the recently formed strategic alliance.

Japan

* The Shin-Koiwa Station South Exit District Redevelopment Promotion Council of Katsushika Ward tapped Mitsui Fudosan Residential Co. Ltd. and Metropolitan Funenkousha for a business promotion initiative. The two will review the redevelopment plan and will establish a preparatory union for the move, Kentsu Shinbunsha reported.

The Daily Dose Asia-Pacific, Real Estate edition is updated by 6:30 a.m. Hong Kong time. Some external links may require a subscription. Links are current as of publication time, and we are not responsible if those links are unavailable later.

Rollen Catorce and John Chan contributed to this report.