Asia Pacific real estate investment news and information
A data centre unit of tech giant Microsoft has agreed to acquire a development site in Malaysia for MYR 402.3 million ($85.5 million).
The land’s seller, Kuala Lumpur-based developer EcoWorld, announced the all-cash deal this week in a stock filing…. Read More>>
UEM Sunrise has agreed to sell two parcels of land in Johor state to a “global data centre player” for MYR 144.9 million ($30.7 million), the Malaysian developer said Tuesday.
Located in Iskandar Puteri’s East Ledang township west of Johor… Read More>>
A top mainland regulator dismissed statements of defence provided by China Evergrande’s founder and former chairman, Xu Jiayin, and other executives penalised for their role in financial fraud and disclosure lapses at the bankrupt developer.
In a document dated 21… Read More>>
Brookfield Asset Management announced that it has agreed to sell the Conrad hotel in Seoul to ARA Asset Management’s Korean unit for $300 million, confirming last week’s Mingtiandi report on the transaction.
ARA Korea, through private equity arm ARA Korea… Read More>>
Fosun Hive Capital Management has set up a joint venture with sister firm Idera Capital Management for the forward purchase of a cold storage logistics project in Greater Osaka.
The investment is the first in a pipeline of Osaka and… Read More>>
TikTok developer ByteDance plans to expand its data centre facilities in Malaysia with an additional investment of MYR 1.5 billion ($320 million), according to the country’s minister of investment, trade and industry.
The Chinese tech firm also hopes to make… Read More>>
HKR International is the latest Hong Kong property giant to suffer a financial blow from the region’s real estate downturn, with the developer warning of a net loss of unspecified magnitude for the fiscal year to the end of March.
For the second time in three months, an attempted collective sale of Far East Shopping Centre has collapsed at the last hurdle, with owners rejecting an offer of roughly S$880 million ($654.5 million) for the strata-title property on Singapore’s Orchard… Read More>>
Australia’s Apt.Residential has launched a A$280 million ($187 million) build-to-rent apartment project in Sydney’s Meadowbank area as the first development under its recently announced A$1.5 billion partnership with Dutch pension fund manager PGGM.
Apt.Meadowbank in the inner-northwest suburb will comprise… Read More>>
KKR and Global Infrastructure Partners on Thursday announced the creation of a coalition to promote infrastructure investment in emerging-market economies of the Indo-Pacific Economic Framework, with the two US companies to serve as co-chairs of the initiative.
A brainchild of… Read More>>
