The Ontario Teachers’ Pension Plan reported a net return of 1.9 percent for 2023, as a 20 percent gain in public equities was offset by losses in infrastructure and real estate.
The Canadian fund’s net assets grew to C$247.5 billion… Read More>>
APAC Data Centre Operating Capacity Tops 10GW
The operational capacity of Asia Pacific data centres passed the 10-gigawatt mark in the second half of 2023 as regional markets added 800 megawatts of new supply, according to Cushman & Wakefield.
The region’s operational capacity reached 10.6GW in the… Read More>>
Lui Chong Chee to Chair CapitaLand Ascott Trust
CapitaLand Ascott Trust has appointed Lui Chong Chee as the next chairman of the Singapore-listed lodging REIT, succeeding the retiring Bob Tan.
Lui, who currently sits as a non-executive independent director, will take over the chairman’s seat on 22 April… Read More>>
Moody’s Withdraws China Vanke Issuer Rating, Assigns Junk-Level Corporate Score
Moody’s Investors Service has withdrawn its issuer rating for China Vanke, assigned a speculative-grade rating to the state-backed builder’s corporate family and downgraded Vanke bonds further into junk territory.
The rating actions reflect the view that Vanke’s credit metrics, financial… Read More>>
Keppel Teams With Mitsui Fudosan on Data Centre Opportunities, Eyes First Japan Project
Singapore’s Keppel Ltd has signed a tentative deal with Japanese real estate giant Mitsui Fudosan to explore data centre development and investment opportunities in Japan and Southeast Asia.
In addition, the private Keppel Data Centre Fund II has a framework… Read More>>
S&P Goes Negative on Mirae, KIS as Korean Property Bets Turn Sour
S&P Global Ratings has lowered its outlook to negative on Mirae Asset Securities and Korea Investment & Securities, with the agency flagging the Korean brokerages’ exposure to struggling property markets at home and overseas.
S&P cut its rating outlook from… Read More>>
Hong Kong’s MTR Sees Profit Drop 21% to $1B on Development Income Collapse
Hong Kong’s MTR Corporation reported a 20.8 percent drop in attributable profit to HK$7.8 billion ($1 billion) for 2023 as the listed operator of mass transit systems recognised less income from property development projects.
Profit from property development plunged 80… Read More>>
Hongkong Land Swings to $582M Loss as Markdowns Bruise Central Portfolio
Regional developer Hongkong Land reported an attributable loss of $582 million for 2023, reversing a year-earlier profit of $203 million, as valuations continued to decline in the group’s hometown office portfolio.
Underlying profit, which ignores the fair-value change of investment… Read More>>
Digital Core REIT Upping Stake in Frankfurt Data Centre to 49.9% With $129M Buy
Digital Core REIT will exercise its option to acquire a further 24.9 percent interest in a Frankfurt data centre from its sponsor, US server-hosting giant Digital Realty, for €117 million ($128.7 million), bringing the Singapore-listed trust’s stake in the German… Read More>>
Warburg-Backed StorHub Enters Aussie Market With $300M Equity Commitment
Asia Pacific self-storage operator StorHub Group on Thursday announced its expansion into Australia, with the Warburg Pincus-backed company touting $300 million in equity commitments to support the Down Under business unit.
The Aussie platform is seeded with five assets in… Read More>>
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