Suchad Chiaranussati, chairman and founder of SC Capital Partners
In today’s roundup of regional real estate news, the boss of SC Capital Partners expands his pan-Asian hospitality platform with the acquisition of Fusion Hotel Group, while Bain Capital explores the sale of a majority stake in Bridge Data Centres and NTT GDC announces plans to double capacity amid the AI boom. Tokyo-area condominium prices have also surpassed a six-month high.
SC Capital Founder Acquires Vietnam Hotel Operator Fusion Hotel Group
SC Capital Partners founder Suchad Chiaranussati has acquired Ho Chi Minh City-based Fusion Hotel Group, a wellness-focused operator with 18 properties and roughly 3,000 keys across Vietnam and Thailand, as well as a pipeline of more than 2,000 additional keys.
The deal brings Suchad’s combined platform, which also includes Hotel Management Japan and Indonesian operator Topotels Hotels & Resorts, to around 16,000 keys across four markets. Read more>>
Bain Capital Seeks Buyers for 70% Stake in Bridge Data Centres
Bain Capital is seeking buyers for a stake of up to 70 percent in Bridge Data Centres, its Singapore-headquartered hyperscale operator active in Malaysia, Thailand and India, according to sources cited by CNBC, with Citigroup and JP Morgan running the sale.
Bridge raised $2.8 billion in bank financing last year and this month announced plans to invest up to S$5 billion ($3.9 billion) in Singapore to develop AI-ready infrastructure across Asia Pacific. Bain first invested in Bridge in 2017. Read more>>
Australian Super Fund Rest Commits $250M to Nuveen US Retail Property Fund
Australian superannuation fund Rest has committed up to $250 million to the US Cities Retail Fund, managed by Nuveen Real Estate, which targets neighbourhood shopping centres anchored by grocers such as Trader Joe’s and Harris Teeter in major US cities.
The fund holds 10 retail properties, with five more recently secured, and concluded a $330 million capital raise in which Rest was a major participant. Read more>>
NTT Global Data Centers Plans to Double Capacity to 4GW in AI Boom
NTT Global Data Centers, the world’s third-largest data centre operator outside China, is working to double its capacity to 4 gigawatts within two years amid surging AI demand, CEO Doug Adams told Bloomberg.
A unit of Japan’s NTT Inc, the company is working on 34 projects to reach the target and expects capacity to exceed 5GW in five years. Its multi-year plan targets more than $10 billion in investment by 2027. Read more>>
EdgeConneX Breaks Ground on 200MW AI Campus in Greater Osaka
EQT-backed EdgeConneX has broken ground on a 200-megawatt AI-ready data centre campus in Greater Osaka, in partnership with Kagoya Asset Management. The campus spans 130,000 square metres (1.4 million square feet) and will deliver its first phase by the first quarter of 2028.
Located 30 kilometres (19 miles) from the Osaka city centre, the facility incorporates liquid-cooling architecture. EdgeConneX has planned 350MW of combined capacity across Greater Osaka to support rising cloud and AI demand in Japan. Read more>>
Manulife US REIT Reports $914M Portfolio Amid Rising Vacancies
Manulife US REIT reported a 1.6 percent portfolio valuation decline to $913.8 million for 2025, with same-store revenue and net property income falling 11.5 percent and 13.7 percent, mainly due to higher vacancies at its Diablo and Figueroa assets.
Portfolio occupancy fell to 67.7 percent from 73.6 percent. CEO John Casasante said MUST’s priority in 2026 is to meet a minimum asset sale target by June and reduce its 58.0 percent aggregate leverage. Read more>>
Tokyo-Area Condo Prices Top Six-Month High on Rising Construction Costs
New condo prices in Greater Tokyo rose 38.8 percent year-on-year in February to JPY 110.3 million ($690,889) on average, surpassing JPY 100 million for the first time in six months, according to the Real Estate Economic Institute.
The result marked the second-highest level on record. Rising construction costs and high-priced Chiba units drove the gain, with central Tokyo averaging JPY 142.8 million and Chiba more than doubling to a record JPY 130 million. Read more>>
Hilton Grand Vacations Opens First Kyoto Resort with 63-Suite Tradimo Kyoto Gojo
Hilton Grand Vacations has opened Tradimo Kyoto Gojo, a 63-suite resort in Kyoto’s Gojo neighbourhood, marking the US timeshare company’s first property in the ancient capital and its third in Japan. The 10-storey building preserves its original structure and facade.
Situated one stop from Kyoto Station, the resort is close to World Heritage sites and the Gion district. The company has operated in Japan since 2003 and now has more than 75,000 members there. 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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