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Christopher Caillavet

Bytedance Beijing HQ

ByteDance Eyes $2.4B Investment in Malaysia Data Centres, AI Hub

2024/06/10 by Christopher Caillavet Leave a Comment

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 chairman Victor Cha

Hong Kong’s HKRI Warns of Full-Year Loss on Impairments, Markdowns

2024/06/10 by Christopher Caillavet Leave a Comment

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.

… Read More>>

Far East Shopping Centre

Owners Reject Bid for Far East Shopping Centre on Singapore’s Orchard Road

2024/06/09 by Christopher Caillavet Leave a Comment

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>>

Matt Carolan, Apt.Residential

Apt.Residential Developing $187M Sydney Apartment Project Under PGGM Tie-Up

2024/06/08 by Christopher Caillavet Leave a Comment

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>>

Adebayo Ogunlesi GIP

KKR, BlackRock-Backed GIP Launch Coalition to Boost Indo-Pacific Infrastructure

2024/06/07 by Christopher Caillavet Leave a Comment

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>>

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>>

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