Sherman Kwek, chief executive of City Developments Ltd (Image: CDL)
In today’s review of real estate news from around the region, City Developments Ltd launches a $2 billion perpetual securities programme with UOB as arranger, Ares Management expands its Japan logistics portfolio under the Marq brand with three newly acquired assets, and NTT Data opens a 30-megawatt data centre in Kyoto.
CDL Launches $1.6B Perpetual Securities Programme
City Developments Limited has established a S$2 billion ($1.6 billion) multicurrency perpetual securities issuance programme, with United Overseas Bank appointed as arranger and dealer, according to a filing with the Singapore Exchange on 9 April 2026.
The programme allows CDL to issue perpetual securities in Singapore dollars or other agreed currencies to institutional and accredited investors. Proceeds will fund general working capital and refinancing needs across the group. Read more>>
Ares Management Acquires Three Japan Warehouses for Logistics Fund
A real estate fund under Ares Management has acquired three fully occupied logistics facilities in Japan, adding assets in Kawasaki, Hirakata and Kashiwa to its portfolio. With at least one of the properties acquired from Tokyu Land’s Logi’Q logistics division, the purchase brings third-party acquisitions alongside GLP-developed assets into the fund’s strategy.
The three properties, rebranded under the Marq logistics platform, total 60,543 square metres (651,679 square feet) of gross floor area and are fully tenanted by major third-party logistics operators, the company said. Read more>>
NTT Data Opens 30MW Keihanna Data Centre in Japan’s Kansai Region
NTT Data has opened its Keihanna OSK11 data centre in Kyoto, delivering 30 megawatts of IT capacity as its 14th facility in Japan. The AI-ready campus is operated by NTT Global Data Centers and targets hyperscalers and enterprise customers in the Kansai market.
The facility features dual power substations, carrier-neutral connectivity and an N+1 chiller cooling design. NTT Global Data Centers operates more than 160 data centres in over 20 countries, the company said. Read more>>
Patience Capital Takes PE Stake in Japan Supermarket Chain Keikyu Store
Singapore-based Patience Capital Group has completed a strategic investment in Keikyu Store, a supermarket chain serving communities along the Keikyu railway corridor in the Tokyo and Yokohama metropolitan areas, through a private equity fund it advises.
The partnership aims to advance Keikyu Store’s merchandising, store formats, operational efficiency and data-driven marketing as Japan’s retail sector responds to shifting consumer preferences and heightened competition, the company said. Read more>>
Digital Realty Targets $5.5B Singapore Investment to Build Asia Pacific AI Hub
Digital Realty is targeting nearly S$7 billion ($5.5 billion) of total investment in Singapore, with more than S$4.3 billion earmarked for new data centre developments, the company said. The REIT is positioning Singapore as the primary AI inference hub for Asia Pacific.
Digital Realty has nearly doubled its Singapore workforce to over 300 employees in three years and expects to reach 400 by 2030. The company plans to open a Digital Realty Innovation Lab at its Loyang facility in the second half of 2026. Read more>>
PDG Breaks Ground on 120MW MU2 Data Centre Campus in Mumbai
Princeton Digital Group has commenced construction of its MU2 hyperscale data centre campus in Mumbai, following a groundbreaking ceremony. The 120-megawatt facility forms part of PDG’s recently announced target to build a one-gigawatt portfolio across India.
The development reflects PDG’s strategy of delivering capacity in step with demand to support growing AI and cloud workloads in one of the world’s fastest-growing digital infrastructure markets, the company said. Read more>>
Alibaba and China Telecom Launch Zhenwu Chip-Powered Data Centre in Guangdong
Alibaba and China Telecom have announced a data centre in Shaoguan, Guangdong province, powered by 10,000 of Alibaba’s proprietary Zhenwu AI semiconductors, designed for training and inference workloads. China Telecom will own and operate the facility.
The cluster is expected to scale to 100,000 chips and can serve industries from healthcare to advanced materials. Alibaba CEO Eddie Wu also announced a new technology committee to accelerate the company’s AI development. Read more>>
Hong Kong Developers Launch 1,300 Homes as Prices Edge Higher on Firmer Demand
Hong Kong developers are preparing to release nearly 1,300 residential units, with Sino Land and partners pricing 261 units at La Mirabelle I in Tseung Kwan O at HK$15,335 to HK$19,613 ($1,957 to $2,503) per square foot after discounts of up to 15 percent.
New World Development and MTR Corporation are also offering 148 units at Pavilia Farm III above Tai Wai station in Sha Tin, with standard units averaging HK$21,344 per square foot after discounts of up to 20 percent. 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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