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Christopher Caillavet

Brenda Ong of Cushman & Wakefield

Singapore on Track to Reach 1GW of Operational Data Centre Capacity This Year

2024/06/06 by Christopher Caillavet Leave a Comment

Singapore is set to become Asia Pacific’s next 1-gigawatt data centre market, despite concerns about the city-state’s high development costs relative to neighbouring Southeast Asian nations and other key markets in APAC, according to Cushman & Wakefield.

The Lion City… Read More>>

Tencent Moves Raffles Place Staff to CapitaLand’s The Work Project at CapitaSky

2024/06/05 by Christopher Caillavet Leave a Comment

Tencent has moved some of its Singapore staff to The Work Project’s flexible office space at CapitaSky in Tanjong Pagar, with a spokesman for the Chinese internet giant confirming the shift on Wednesday.

Tencent is leasing one floor, or about… Read More>>

Paul Dwyer, Head of Data Centres, LOGOS

Logos, Bridge Data Centres Team With Local Partners UEM, Mah Sing on Malaysia Projects

2024/06/04 by Christopher Caillavet Leave a Comment

Industrial specialist Logos and Chindata’s Bridge Data Centres have become the latest to launch Malaysia server-hosting projects, as Asia Pacific’s hottest digital infrastructure market continues to attract new development.

Sydney-based Logos has teamed with Malaysian developer UEM Sunrise to build… Read More>>

Serena Teo Ascott

CapitaLand Ascott Trust Buys Out South Carolina Student Housing Project

2024/06/04 by Christopher Caillavet Leave a Comment

Singapore-listed CapitaLand Ascott Trust has taken full ownership of Standard at Columbia after acquiring the remaining 10 percent stake in the US student accommodation asset.

In 2021, CLAS (then known as Ascott Residence Trust) teamed with sponsor The Ascott Ltd… Read More>>

Pacifica president and CEO Seth Sulkin

Pacifica to Develop, Operate Courtyard by Marriott Hotel in Hiroshima

2024/06/03 by Christopher Caillavet Leave a Comment

Tokyo-based Pacifica Capital and Pacifica Hotels are partnering with Marriott International on a new 183-key hotel in central Hiroshima, as Japan’s hospitality sector continues to generate deals amid a tourism boom.

Scheduled to open in early 2027, the project will… Read More>>

Tham Kuo Wei of Mapletree

Mapletree Industrial Trust CEO Tham Kuo Wei Leaving Post in July

2024/06/03 by Christopher Caillavet Leave a Comment

The longtime CEO of Mapletree Industrial Trust’s manager is stepping down, as Singapore’s Mapletree Investments continues to shake up the leadership at its sponsored REITs.

Tham Kuo Wei, MIT’s boss of more than 13 years, will relinquish his roles as… Read More>>

URA chief executive officer Lim Eng Hwee

Singapore’s URA Launches Tenders for Pair of Residential Sites

2024/05/30 by Christopher Caillavet Leave a Comment

Singapore’s Urban Redevelopment Authority on Thursday released two residential sites under the Government Land Sales programme, including the first plot to be used entirely for long-stay rental apartments, as the city-state seeks to boost the supply of living spaces.

The… Read More>>

Yoshiyuki Chosa of GLP

GLP-Backed Ada Breaks Ground on Second Building at Tokyo Data Centre Campus

2024/05/30 by Christopher Caillavet Leave a Comment

Ada Infrastructure has begun construction of the second of three planned buildings at its Tokyo West 1 campus, with the GLP-backed business targeting a combined IT load capacity of 31 megawatts for the finished project.

The first building, which has… Read More>>

Hiew Yoon Khong of Mapletree

Mapletree Posts $427M Loss as Global Office Assets Take Valuation Hit

2024/05/30 by Christopher Caillavet Leave a Comment

Singapore’s Mapletree reported a net loss of S$577.2 million ($427.7 million) for its fiscal year to the end of March, reversing a year-earlier net profit of S$1.1 billion, as the real estate investor marked down asset values amid a global… Read More>>

Sekisui House president and CEO Yoshihiro Nakai

Sekisui House Selling Seattle Apartment Complex to Japan REIT for $328M

2024/05/29 by Christopher Caillavet Leave a Comment

Fresh off becoming America’s fifth-largest homebuilder, Japanese developer Sekisui House is selling a Seattle luxury apartment complex to the company’s sponsored REIT for $328 million.

The Ivey on Boren comprises 406 rental units in the heart of Washington state’s biggest… Read More>>

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