G42 chairman Tahnoon bin Zayed al-Nahyan (Getty Images)
An Abu Dhabi sovereign investor is rushing into a data centre market where many investors fear to tread, as G42 announces a tie-up with two local players in Vietnam. Amazon also makes the news with a shift in its Singapore office location, and CapitaLand’s living sector unit expects to exceed its targets.
Abu Dhabi’s G42 Ties Up With Vietnam’s FPT for $1B HCMC Data Centre Project
G42 is leading a project with commitments of as much as $1 billion to build data centres and cloud computing services in Vietnam, part of an effort by the United Arab Emirates artificial intelligence champion to expand beyond the Gulf nation.
G42 is working on the project with FPT Corp, a technology and telecom firm, and the Viet Thai Group, the companies said Monday in a release. Read more>>
Shell Set to Replace Amazon in Singapore’s Asia Square
Amazon is poised to exit Asia Square Tower 1, where it has occupied 100,000 square feet (9,290 square metres) since 2021. The tech giant’s lease, which is for three mid-level floors in the 43-storey building, is said to be expiring in July.
Shell is expected to be the new tenant for that space if ongoing advanced negotiations culminate in a lease being inked with the landlord of Asia Square Tower 1. The building was recently sold by the Qatar Investment Authority to the Singapore Central Private Real Estate Fund launched by Hongkong Land. QIA is one of the founding investors of the fund. Read more>>
CapitaLand’s Ascott to Outperform Fee Target on New Projects
Ascott, the lodging unit of CapitaLand Investment, is on track to exceed its S$500 million ($395 million) fee target amid new signings and as its pipeline projects turn operational.
The company signed a record 19,000 units across 102 properties in 2025, marking a 27 percent year-on-year growth in new signings, the company said Monday. Read more>>
Singtel’s Nxera Opens 58MW Data Centre in Singapore’s Tuas
Nxera, Singtel’s regional data centre arm, on Monday announced the opening of DC Tuas, its largest data centre. The facility expands Nxera’s capacity in Singapore to meet accelerating demand for AI, cloud and high-performance computing workloads from enterprises and hyperscalers.
With 58 megawatts of AI-ready capacity, DC Tuas is Singapore’s highest-power-density data centre and increases Nxera’s total data centre capacity in the country to 120MW. More than 90 percent of its capacity was committed to customers even before the launch. Read more>>
Greystar Nears $683M UK BTR Deal With Lendlease, CPPIB
Greystar is nearing a deal to buy 900 London flats in what would be one of the biggest-ever deals in the UK build-to-rent sector.
Greystar is in talks with the Canada Pension Plan Investment Board and Australian developer Lendlease, which have been trying to sell the units in a deal worth about £500 million ($683 million), people familiar with the matter told the FT. The apartments are part of the Elephant Park development in Elephant and Castle, which also includes retail and public space. Read more>>
CEO of Australia’s HESTA Resigns After Service Failure
HESTA chief executive Debby Blakey will step down later this year after more than a decade in the role at Australia’s 10th-biggest superannuation fund.
The announcement comes after a service transition by the fund manager resulted in some members being denied services for months. The board of the health industry superannuation fund is conducting a search for a replacement CEO. Read more>>
Mitsui Fudosan Backs Mahindra Residential Project in Bengaluru
Mahindra Lifespace Developers has formed a joint venture with Mitsui Fudosan Group to develop Mahindra Blossom, a premium residential project in Whitefield, Bengaluru.
The high-rise development will feature 730 homes and is positioned near Hopefarm Channasandra metro station. The project will span more than 97,000 square feet (9,011 square metres) of amenities and nearly 4 acres (1.6 hectares) of green space. The deal marks Mitsui Fudosan’s entry into India’s residential sector. Read more>>
Japan’s MUFG Boosts Hiring to Finance Data Centre Projects
Mitsubishi UFJ Financial Group plans to hire bankers to arrange financing deals for data centres as Japan’s biggest bank jumps on the artificial intelligence boom.
MUFG sees strong opportunities to match demand to fund the AI buildup with investor appetite for higher-yielding private assets, according to global corporate and investment banking head Fumitaka Nakahama. Read more>>
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