NextDC chief executive and managing director Craig Scroggie (Image: NextDC)
In today’s review of real estate news from around the region, NextDC pushes into Tokyo with an AI-ready data centre campus while CK Hutchison escalates its Panama ports battle with a $2 billion arbitration claim. In deal news, Amundi, KKR and Temasek vie for UOB’s asset management arm and India’s Nxtra Data eyes a $1 billion raise to power a gigawatt-scale expansion.
NextDC, CBRE IM Enter Japan Data Centre Market with Tokyo Groundbreaking
Australian data centre operator NextDC is accelerating its international expansion with the launch of an AI-ready campus in Tokyo. The move marks the company’s first entry into the Japanese market.
Delivered in partnership with CBRE Investment Management, TK1 is designed to serve hyperscale cloud and AI workloads, targeting global technology operators seeking carrier-neutral, high-density infrastructure in Japan. Read more>>
CK Hutchison Unit Seeks $2B in Panama Ports Arbitration
Panama Ports Co, a CK Hutchison unit, has filed an ICC arbitration claim for at least $2 billion over Panama’s seizure of the Balboa and Cristobal ports, a move the company calls an “illegal state takeover”. It also seeks the return of documents it says were unlawfully confiscated.
The ports are part of CK Hutchison’s broader deal to sell 43 global facilities to a BlackRock-backed consortium for more than $19 billion. Hopes for a political resolution rest on next month’s Trump-Xi summit. Read more>>
EQT Mulls Sale of $699M Australia Retirement Operator Levande
Swedish private equity firm EQT is testing buyer interest in Levande, Australia’s third-largest retirement village operator, with a formal sale process potentially launching within months. EQT acquired the business from Stockland in 2022 for close to A$1 billion ($699 million).
The move follows Brookfield’s A$3.85 billion exit from rival Aveo and RetireAustralia’s A$845 million sale to Invesco, as Australia’s retirement living sector draws intense investor attention. Read more>>
Amundi, KKR and Temasek’s Seviora Vie for UOB Asset Management
Amundi, KKR and Temasek’s Seviora unit have each submitted non-binding offers for UOB Asset Management, the Singapore bank’s wholly owned subsidiary looking after S$41 billion ($32 billion) in assets across eight Asian markets.
A deal could value the business at several hundred million dollars. A key negotiating issue is how much of UOB’s Southeast Asian distribution network will be included in any transaction. Read more>>
GIC, Tosei Extend Sankei REIT Tender Offer to 23 March
Singapore sovereign giant GIC and Japan’s Tosei Asset Advisors have extended their tender offer for Tokyo-listed Sankei Real Estate to 23 March, giving unitholders more time to consider the bid of JPY 125,000 ($833) per unit.
The extension means tendering unitholders will also receive the February 2026 distribution of JPY 2,773 per unit. The board continues to recommend the offer, with an extraordinary unitholder meeting now expected in early June. Read more>>
K Wah International Warns of Up to $115M Full-Year Loss
Hong Kong developer K Wah International expects a loss of up to HK$900 million ($115 million) for 2025, reversing a HK$335 million profit the previous year, driven by non-cash impairment provisions on unsold inventory, fair value changes on investment properties and joint venture losses.
The company said its net gearing remains below 20 percent and its financial position is still healthy with strong liquidity. Full annual results are expected in late March. Read more>>
Global Investors Revisit Hong Kong Property Stocks as Recovery Gathers Pace
International investors are returning to Hong Kong property stocks after years on the sidelines, with the Hang Seng Properties Index up more than 20 percent in 2026, according to Citi, which hosted a recent global investor conference on the sector.
Goldman Sachs, JP Morgan and Morgan Stanley are all forecasting double-digit home price gains. Sun Hung Kai Properties’ shares have risen nearly 50 percent year-to-date, though some investors question how much upside remains. Read more>>
India’s Nxtra Plans $1B Raise With Alpha Wave Joining Airtel, Carlyle
Bharti Airtel’s data centre unit Nxtra Data plans to raise $1 billion through a rights issue and preferential allotment, with Alpha Wave Global set to invest $400 million alongside $300 million each from existing shareholders Airtel and Carlyle.
The capital will fund expansion from the current 120 to 130 megawatts of IT load to 1 gigawatt over three to four years, as Airtel targets 25 percent of India’s data centre market amid surging AI and cloud demand. 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.
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