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DATE |
EXTRACTS |
SOURCE |
30
November 2007 |
Aseana
Properties has made its first acquisition
in Vietnam, buying a stake in a 2.1m sq ft
sea-front development on China Beach in
Danang.
|
Property
Week (Main) |
27
November 2007 |
Aseana
Properties has paid $18 million to take a
60 per cent stake in a project to build a
luxury hotel complex on China Beach,
Vietnam, estimated to have a developed
value of $150 million.
|
The
Times (Main) |
26
November 2007 |
Aseana
Properties buys seafront land in Danang,
Vietnam for USD150m project
Aseana
said it has made its first acquisition in
Vietnam with the purchase of 202,800
square metres of seafront development land
from The Nam Kang Company Corporation.
|
Interactive
Investor International (Web) |
26
November 2007 |
Aseana
Properties buys seafront land in Danang,
Vietnam for USD150m projectAseana
said it has made its first acquisition in
Vietnam with the purchase of 202,800
square metres of seafront development land
from The Nam Kang Company Corporation.
|
Hemscott
(Web) |
26
November 2007 |
Aseana
Properties buys seafront land in Danang,
Vietnam for USD150m projectAseana
said it has made its first acquisition in
Vietnam with the purchase of 202,800
square metres of seafront development land
from The Nam Kang Company Corporation.
|
AFX
News |
12
October 2007
|
London-listed
vehicles look to thrive in Asia London-listed
property stocks are heading towards Asia.
One of these is Aseana Properties, which
began life with a $128 million portfolio
of five Malaysian assets. The company
plans to expand in future months into
Vietnam, where it has drawn up another
$100 million of investments.
|
Gulf
News (Main) |
08
October 2007
|
Ho
Chi Minh City awaits Aseana
Properties, which won a main market
listing on the London Stock Exchange in
April, raising $162m, intends to expand in
the coming months into Vietnam, where it
has drawn up another $100m of majority
investments in seven projects.
|
Financial
Times (Property) |
05
October 2007
|
Aseana
ventures into Vietnam in search of value Aseana
Properties is looking to expand from
Malaysia to Vietnam. It has funding in
place for four schemes, the first of which
forms part of a $1 billion development
programme.
|
Property
Week (Main) |
29
September 2007
|
Aseana
Properties H1 pretax at USD1.81m, revenues
USD10.01mAseana
Properties Ltd has said it posted a first
half pretax profit of $1.81 million and
revenues of $10.01 million.
|
AFX
Press (Web) |
28
September 2007
|
Aseana Properties H1 pretax at
USD1.81m, revenues USD10.01mAsian
property developer, Aseana Properties Ltd,
said it posted first half profits of $1.81
million.
|
Interactive
Investor International (Web) |
27
September 2007
|
Ireka
confident of doubling order book to RM1b Ireka
Corporation Bhd is confident of clinching
a RM500 million contract to build a luxury
condominium project in Mont'Kiara by
year-end that will double its order book
to RM1 billion. Furthermore, the group's
current financial year ending in March,
2008, will be in a positive position due
to assets sale and stronger operational
profits. During the year, the group
disposed of the Westin Kuala Lumpur for
RM455 million and saw the listing of
certain property assets on the LSE Main
Market through Aseana Properties Ltd.
|
The
Edge Daily (Web) |
07
September 2007
|
In
brief Aseana
Properties is set to buy three sea-front
plots of land in Kota Kinabalu, Malaysia
for $11.67m. It is expected that Aseana
will use to the land to develop luxury
villas and hotel resorts.
|
Property
Week (Main) |
05
September 2007
|
Net
value: Unintended consequence AIM
is proving extremely attractive to
Malaysian companies with many now choosing
it over the Mesdaq Market. Lai Voon Hon,
CEO of property and construction group
Ireka Corp Bhd says that AIM was chosen
for its Aseana plc unit because of a
domestic regulation that requires a
property counter to have at least 1,000
acres. AIM, however, does not have this
requirement. Despite originally intending
to list on AIM, it eventually opted for
the LSE Main Board to take advantage of
the larger funds.
|
The
Edge Daily (Web) |
01
September 2007
|
Kuala
Lumpar deal Aseana
Properties has splashed out $29 million on
95,131 sq ft of land in Kuala Lumpur
Sentral's Log G.
|
Niche
International Property Adviser |
29
August 2007
|
Aseana
Properties to buy sea-front land in
Malaysia for USD11.67mAseana
Properties Ltd has agreed to buy three
contiguous plots of sea-front land from
Mangrove Paradise Resort in Sabah,
Malaysia for $11.67 million. Aseana has
earmarked the land for luxurious resort
villas, a boutique resort hotel and
exclusive resort homes.
|
Forbes.com
(Web) |
28
August 2007
|
Corporate:
Three more lots to go in KL Sentral Just
three more parcels of land are available
for development in KL Sentral, the key
project for Malaysian Resources Corp Bhd
(MRCB). The three plots of land are Lot B,
Lot E and Lot F and have a combined value
of RM1.7 billion. MRCB has already entered
into two join ventures to develop land at
KL Sentral, one of which is with Aseana.
MRCB has a 60% stake in this joint venture
to buy a piece of land for RM99 million,
on which office towers and a boutique
hotel are to be built.
|
The
Edge Daily (Web) |
21
August 2007
|
When
Sunrise launched 10 Mont'Kiara (MK10) in
the fourth quarter last year, it set a new
benchmark for condos in Mont'Kiara's
primary market at an average of RM535 psf.
Following this, Maymont launched Matahari
at RM750 psf while Ireka's property arm,
Aseana Properties, launched Seni
Mont'Kiara starting from RM650 to RM780
psf. In neighbouring Sri Hartamas, Sunway
City Bhd launched Palazzio at an average
of RM850 psf.
|
The
Edge Daily |
17
August 2007
|
In
the need to know - Aseana Properties The
London listed property developer which is
backed by Ireka, the Malaysian
construction group, has bought a plot of
land in Kuala Lumpur for £29million
via a joint venture with Malaysian
Resources Corporation Berhad. The land is
expected to have a development value of
about $180 million (£90.4
million).
|
The
Times |
16
August 2007
|
Aseana
and Malaysian come together in $180m
project Aseana
Properties has teamed up with property and
construction company Malaysian Resources
Corporation Berhad to develop a $180m
(£90m) hotel and office scheme in
Kuala Lumpar.
|
Property
Week |
14
August 2007
|
In
the need to know - Aseana Properties The
London listed property developer backed by
the Malaysian construction group Ireka,
has won a contract to buy a 54,000-sq-ft
plot of land in Kuala Lumpur to build an
office tower and commercial complex
|
The
Times |
02
July 2007
|
A
sector that is full of life Some
critics may say it is a dead sector, but
the investment rust arena is just as full
of life as the rest of the financial
markets. Since the beginning of the year,
there have been 17 new investment trust
products bought to the market. Ten of
these products were domiciled in the UK,
of which 8 came to the market in April.
The offshore exception was the Aseana
Properties Ireka Development Trust,
domiciled in Jersey and focusing on the
overseas property market.
|
Investment
Adviser |
22
June 2007
|
Asia:
Luxury residential changes hands Kuala
Lumpur: Aseana Properties has bought a
$65.5m (£33.2m), 605-unit luxury
condominium development in the Seni Mont'
Kiara area of Kuala Lumpur, Malaysia.
|
Property
Week (Global Supplement) |
16
June 2007 |
Go
east young man: far far east. The
UK property market might be in an
uncertain frame of mind, but those trying
to raise cash in London for commercial
investments abroad are still feeling
pretty certain. Forget Bulgaria and
Kazakhstan, the new frontiers are now much
further east - Vietnam to be precise.
|
Estates
Gazette |
31
May 2007 |
Aseana
Properties Completes Second Portfolio
Investment Aseana
Properties has completed its second
acquisition since listing on the London
Stock Exchange in April 2007.
Aseana is investing in 'Seni Mont' Kiara';
a $65.5m upscale 605-unit luxury
residential project in Malaysia. This
project consists of two 46-story blocks
and two 16-storey low rise blocks covering
8.83 acres of freehold land. These are
valued at c$286m.
The project was acquired from Legacy
Essence Ltd for $65.5m cash and
shares.
Aseana has invested $40.9m of the $162m
raised at floatation and is on track to
invest the remainder of the funds by April
2008. Aseana is in detailed discussions
regarding a number of potential
acquisitions in both Vietnam and
Malaysia.
|
Dow Jones Newswire |
18
May 2007 |
Aseana's
Malaysian Mixed-use Space Aseana
Properties unveiled its first deal today
since listing on the London Stock
Exchange. The Asian property developer
purchased four properties, 3 in Kuala
Lumpur and 1 in Sabah, Malaysia. These
consisted of a mix of residential and
commercial projects at various stages of
development. The assets were bought from
Ireka Corporation Berhad for c$63.4m
(£31.7m).
These projects include; the 35-storey
i-Zen@Kiara condominium tower; the Tiffani
condominium development; the One Mont
Kiara mixed-use development; and the
Sandakan Harbour Square retail and hotel
project. The four properties have an
estimated development value of $402m
(£201m).
|
Property
Week |
17
May 2007 |
Deal
of the Week Aseana
Properties has completed its first deal
since its float on the London Stock
Exchange. The £31.5m cash and share
acquisition consisted of four residential
and commercial properties in Kuala Lumpur,
Malaysia, at various stages of
development, purchased from Ireka
Corporation Berhad.
Two of these projects include; One Mont'
Kiara - a mixed commercial development
combining retail and office space values
at £66m, and Sandakan Harbour Square
- an urban redevelopment worth
£68m.
Aseana raised £80m from its float on
the main market of the LSE in April after
failing to attract investors from its
earlier placing on AIM.
|
City
AM |
15
May 2007 |
Aseana
Properties has acquired four Malaysian
properties from Ireka Corp Berhad for
$63.4m cash and stock, offering a mix of
residential and commercial projects in
various stages of development.
|
AFX
News |
22
April 2007 |
InsiderAsia's
Model Portfolio In
April 2007 Ireka Corp sold RM218.8 million
worth of properties under development to
Aseana Properties ltd, which is listed on
the London Stock Exchange, for a 20% stake
plus RM50 million cash. These moves have
enabled Ireka to realise the value of its
property assets and will result in a large
jump in earnings and NTA.
|
The
Edge Daily |
12
April 2007 |
Aseana,
the Asian property developer, raised $162m
from its flotation on the main market of
the London Stock Exchange having failed to
attract investors from its initial placing
on AIM.
Aseana is targeting opportunities in
Malaysia and Vietnam where high demand is
driven by increasing interest from
overseas and a growing middle class
population.
|
City
AM |
7
April 2007 |
Asian
Developer Snubs AIM for Main List Aseana
Properties failed to attract high-quality
investor interest from an earlier proposed
AIM listing, and so listed on the main
market of the London Stock Exchange this
week in order to reach a greater potential
pool of investors. Chief executive Voon
Hon added "We have attracted a number of
very large funds, which would not have
invested in us on AIM".
Aseana raised $162m from the flotation and
will invest the proceeds over the next 12
months in a $250m portfolio of high-end
residential and mixed-use projects in
Malaysia and Vietnam. The Group's
portfolio consists of five Malaysian
properties in various stages of
development, three of which are
condominium towers. Further acquisitions
are being negotiated in both Malaysia and
Vietnam.
Real estate development from the private
sector has been encouraged in Vietnam due
to it being successfully granted
membership of the World Trade Organisation
last December.
The Chairman of Aseana Properties, Dato'
Mohammed Azlan bin Hashim, added that
factors such as the growing young,
middle-class population, and increasing
interest from overseas companies and
investors, have created and driven
exciting opportunities in the Malaysian
and Vietnamese real estate markets.
|
Estates
Gazette |
5
April 2007 |
Aseana
Properties, an Asian property developer
investing in Malaysia and Vietnam made its
bow on the market today. After 38 deals
the shares are unchanged at $1.045.
|
Citywire |
5
April 2007 |
Tiddler
to Watch
The property developer, Aseana
Properties, backed by Ireka, the Malaysian
construction group, debuts on the London
Stock Exchange.
The group has raised $153m (£77m) to
invest in Vietnam and Malaysia through a
share placing of $1 each.
|
The
Times |
03
April 2007 |
Aseana,
an Asian property developer in Malaysia
and Vietnam, is to join the Main Market on
Thursday (5th April 2007), after raising
$162m (£82m) in a placing of 162m
shares at 100 cents each.
Aseana has allocated the proceeds for
investment in upmarket residential,
commercial and hospitality projects in
both Malaysia and Vietnam.
Aseana hopes to achieve a minimum annual
return of 20% on Malaysian projects and
30% for Vietnam.
|
Financial Times (Companies and Markets) |
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