One of Japan’s largest developers just gave a vote of confidence to New York City’s office market with Mori Building announcing late this week that it has acquired an 11 percent stake in supertall One Vanderbilt Avenue from property giant… Read More>>
Keppel JV Selling Two Singapore Data Centres to Keppel DC REIT for $1B
A joint venture led by Keppel Ltd has agreed to sell two Singapore data centres to SGX-listed Keppel DC REIT for S$1.38 billion ($1 billion) in one of Southeast Asia’s biggest transactions in the asset class.
The deal includes two… Read More>>
Equinix Developing $260M Data Centre as Sixth Singapore Facility
Equinix has begun constructing its sixth data centre in Singapore, with the US giant planning to invest $260 million in the International Business Exchange co-location facility.
Dubbed SG6, the nine-storey data centre is expected to open in the first quarter… Read More>>
Frasers Teams With Sekisui House to Add 348 Luxury Homes on Singapore Riverfront
Six months after confirming its sale of a riverfront apartment complex near Singapore’s Robertson Quay, Frasers Property on Monday announced a retail-residential project to add 348 luxury homes in the area.
Frasers Property and Japanese builder Sekisui House will jointly… Read More>>
KKR Tops Bain Bid by Narrowest of Margins in Second Tender Offer for Fuji Soft
US private equity giant KKR on Friday announced an increase in its tender offer price for Japan’s Fuji Soft, narrowly eclipsing Bain Capital’s competing bid for the Tokyo-listed systems developer.
KKR expects to begin the second stage of its two-stage… Read More>>
Singapore’s Tuan Sing Plans Redevelopment of Grand Hyatt Melbourne Podium
Tuan Sing Holdings has submitted a planning application to redevelop the retail podium of the Grand Hyatt Melbourne, which the Singapore-based firm owns.
Tuan Sing seeks to revitalise 121-131 Collins Street and 23-25 George Parade, currently comprising the 550-room Grand… Read More>>
CapitaLand Ascendas REIT Developing $70M South Carolina Logistics Project
CapitaLand Ascendas REIT on Friday announced its acquisition of a US logistics project at a total investment cost of S$94.8 million ($70.5 million).
CLAR purchased a land parcel in Summerville, South Carolina, near the southern state’s largest city of Charleston,… Read More>>
CapitaLand Commercial REIT Sells WeWork-Leased Singapore Tower for $510M
CapitaLand Integrated Commercial Trust sold its 21 Collyer Quay office tower in Singapore’s Raffles Place to an undisclosed buyer on Monday for S$688 million ($510.8 million), the SGX-listed REIT’s manager announced Tuesday.
The sale price is equal to an independent… Read More>>
KKR, Pacifica, Star Asia, Axe Share Insights Into Japan’s Hotel Gold Rush: MTD TV
Some of the most prominent players in Japan’s sizzling hospitality market discussed the country’s tourism boom and the importance of international-branded hotels in attracting foreign guests as part of Tuesday’s Mingtiandi Tokyo Forum. Watch the full recording>>
Four experts from… Read More>>
Singapore’s Empyrion Developing 12MW Bangkok Data Centre as First Thai Project
Empyrion Digital has entered a fifth Asian market with the development of an edge co-location data centre in Bangkok, marking the Singapore-based firm’s maiden investment in Thailand.
The Bangkok facility, dubbed TH1, spans more than 9,960 square metres (107,209 square… Read More>>
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