Digital Edge CEO John Freeman (Image: Digital Edge)
Data centres lead the way again today as Stonepeak-backed Digital Edge raises $325 million in financing for its Indonesia business. Also in the news, ex-ARA boss John Lim has learned to love Chinese budget hotels and institutional investors go cool on India opportunities.
Digital Edge Lands $325M in Financing for Indonesia Data Centre
Singapore-based data centre platform Digital Edge has announced the closing of a IDR 5.5 trillion ($325 million) corporate facility from PT Bank Central Asia.
The corporate facility is provided to Stonepeak-backed Digital Edge’s Indonesia platform, comprising subsidiaries Indonet and Edge DC. Read more>>
Singapore’s John Lim Sees Chinese Hotels as Next REIT Opportunity
Chinese hospitality assets are “very hot” and “the best asset class” among real estate sub-sectors apart from data centres, according to John Lim, chairman of JL Family Office and the Asia Pacific Real Assets Association.
Speaking to the media on the sidelines of the Asia Pacific Real Assets Leaders’ Congress on Thursday, Lim said domestic tourism in China promises strong demand for “mass market” three- and four-star hotels within the country. Read more>>
Private Equity Investment in India Real Estate Dipped 32% in Q3
Private equity investment inflows into the Indian real estate sector stood at $1.5 billion during the third quarter, reflecting a 32 percent year-on-year decline, according to Savills.
Overall activity remains resilient, with year-to-date inflows reaching $3.9 billion, nearly matching 2024 levels, the consultancy said. The office sector retained its leadership during Q3, drawing $600 million or 39 percent of total inflows, followed by data centres (38 percent), underscoring surging demand for AI-driven and cloud-enabled infrastructure. Read more>>
Hang Seng Buyout Helps HSBC Clean Up Bad Property Loans
For those concerned with financial stability, HSBC Holdings is doing the right thing by taking its Hong Kong subsidiary private. But its shareholders do not like it.
HSBC’s plan for Hang Seng Bank is expensive. Hang Seng’s minority shareholders will be paid all in cash, at a premium of about 30 percent over the last closing price. As a result, the parent will spend about $14 billion buying up the roughly 37 percent Hang Seng stake it doesn’t already own and will refrain from share buybacks in the coming three quarters to repair its capital ratio. Read more>>
New Japan Leadership Seen Benefiting Activist Investors
Activist investors are likely to find more opportunities in Japanese real estate as unrealised gains are poised to swell under new Liberal Democratic Party leader Sanae Takaichi.
The prospect of faster inflation and rising asset prices under Takaichi, who’s almost certain to become the country’s next prime minister, is seen as favouring loose monetary policy that would probably further boost paper gains in corporate property. That’s a lure to activist funds looking to raise shareholder value. Read more>>
Hang Seng Bank COO Buys Hong Kong Home for $5.1M
Hang Seng Bank chief operating officer Vivien Chiu has paid HK$40 million ($5.1 million) for a 1,651 square foot (153 square metre) luxury flat in Happy Valley, joining a growing list of top business executives and affluent residents who are buying high-end real estate in Hong Kong amid an improving property market.
The flat in Beverly Hill on Broadwood Road was handed over to Chiu on 6 October, according to Land Registry records. Chiu paid HK$24,228 ($3,114) per square foot for the flat, which was a record this year for the estate, according to agents. Read more>>
Rising Seoul Housing Prices Seen Triggering Fresh Policies
Despite the government’s 27 June lending curbs that briefly cooled the housing market, property prices in Seoul are once again on a steep rise, heightening expectations for further policy action after the Chuseok holiday.
Apartment prices in Seoul rose 0.27 percent in the fifth week of September, according to data from the state-run Korea Real Estate Board. The pace of growth has accelerated for three straight weeks, increasing from 0.08 percent to 0.09 percent, 0.12 percent and 0.19 percent in the earlier weeks of the month. Read more>>
Macquarie Data Centre Deal Pipeline Could Dwarf AirTrunk Sale
Macquarie investors, bereft of positive news in the past three months, will rejoice in the potential for the asset manager to execute one of the year’s biggest deals and bank a bumper performance fee of up to A$2 billion ($1.3 billion).
The next data centre investment in the Macquarie stable that is lining up for a potential sale is Texas-headquartered Aligned Data Centers. Bloomberg earlier this month reported that BlackRock’s Global Infrastructure Partners was in talks to acquire Aligned in a mega deal valued at about $40 billion. Read more>>
Tune in again soon for more real estate news and be sure to follow @Mingtiandi on X, or bookmark Mingtiandi’s LinkedIn page for headlines as they happen.
Leave a Reply