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Rangu Salgame

Princeton Digital Group Buys Yahoo Data Centre to Grow Singapore Footprint

Rangu Salgame

2024/08/13 by Christopher Caillavet Leave a Comment

Princeton Digital Group has acquired a Yahoo data centre in western Singapore as the Warburg Pincus-backed platform continues to expand aggressively in the city-state and neighbouring territories.

Known as SG3, the five-megawatt data centre is on the fifth floor of… Read More>>

Princeton Digital Group has acquired a Yahoo data centre in western Singapore as the Warburg Pincus-backed platform … Read more>>>

Justin Wai, head of China real estate at Blackstone

Blackstone Buys Out Partner’s Stake in Mainland China Logistics Portfolio for $39M

Justin Wai, head of China real estate at Blackstone

2024/08/13 by Kevin He Leave a Comment

Blackstone has agreed to pay RMB 279 million ($38.9 million) to take full control of a portfolio of four mainland China warehouses, according to stock market announcements over the weekend.

The US alternative investment titan is buying out the 20… Read More>>

Blackstone has agreed to pay RMB 279 million ($38.9 million) to take full control of a portfolio of four mainland China … Read more>>>

Fintech City Chennai

Tishman Speyer India JV Picks Up Chennai Site and More Asia Real Estate Headlines

Fintech City Chennai

2024/08/13 by Michael Cole Leave a Comment

Manhattan-based Tishman Speyer sets up an Indian joint venture to acquire land for an office project in Chennai, with that story leading Mingtiandi’s headline roundup today. Also in the news, SGX-listed developer OUE swings to a first-half loss and Singaporean… Read More>>

Manhattan-based Tishman Speyer sets up an Indian joint venture to acquire land for an office project in Chennai, with … Read more>>>

Ho Bee Land chief executive Nicholas Chua

Brunei Sovereign Fund Buys Stake in Ho Bee Singapore Life Sciences Complex for $205M

Ho Bee Land chief executive Nicholas Chua

2024/08/12 by Michael Cole Leave a Comment

Singapore’s commercial real estate is showing signs of a pulse this month with developer Ho Bee Land announcing early Monday that it has agreed to sell a 49 percent stake in a life science complex in the city-state’s One North… Read More>>

Singapore’s commercial real estate is showing signs of a pulse this month with developer Ho Bee Land announcing early … Read more>>>

Li Sze Lim of R&F Properties 1 (Getty Images)

China’s Guangzhou R&F Defaults on $4.53B in Offshore Bonds

Li Sze Lim of R&F Properties 1 (Getty Images)

2024/08/12 by Michael Cole Leave a Comment

A builder once ranked among China’s largest developers has fallen still further into distress with Guangzhou R&F Properties announcing on Sunday that it has failed to make interest payments on offshore bonds worth a total of $4.53 billion.

The developer… Read More>>

A builder once ranked among China’s largest developers has fallen still further into distress with Guangzhou R&F … Read more>>>

Stan Tang Stan Group

Stan Group Hotel Up for Sale as Student Housing Conversion in Kowloon

Stan Tang Stan Group

2024/08/12 by Michael Cole Leave a Comment

A hotel in Hong Kong’s Mong Kok area is being marketed as a student housing investment for private buyers as the city’s hospitality market flounders and higher-end rental housing players stay on the sidelines.

Hotel Ease – Mong Kok is… Read More>>

A hotel in Hong Kong’s Mong Kok area is being marketed as a student housing investment for private buyers as the city’s … Read more>>>

nexus shantiniketan in bangalore

Blackstone Cashes in India REIT Shares for $542M and More Asia Real Estate Headlines

nexus shantiniketan in bangalore

2024/08/12 by Michael Cole Leave a Comment

Some profit-taking in India leads today’s collection of real estate headlines from around Asia, as Blackstone more halves its stake in Nexus Select Trust. Also making the list is set of good news for mainland developers as a pair of… Read More>>

Some profit-taking in India leads today’s collection of real estate headlines from around Asia, as Blackstone more … Read more>>>

Zhao Xuejun Harvest

Asia Real Estate People in the News 2024-08-10

Zhao Xuejun Harvest

2024/08/12 by Michael Cole Leave a Comment

A disappearing mainland executive leads this week’s roundup of personnel moves around Asia’s real estate industry, as Harvest Fund Management says its chairman has been caught up in an investigation. Also making the list is a retirement at a Hong… Read More>>

A disappearing mainland executive leads this week’s roundup of personnel moves around Asia’s real estate industry, as … Read more>>>

Wheelock Ricky Wong

Wheelock Clinches $93M Buy of South Hong Kong Island Building at Forced Auction

Wheelock Ricky Wong

2024/08/11 by Christopher Caillavet Leave a Comment

Wheelock Properties has acquired an industrial building in Hong Kong’s Wong Chuk Hang area for HK$728 million ($93.4 million), more than two years after applying for a compulsory sale of the ageing property.

The purchase of the Ha Lung Industrial… Read More>>

Wheelock Properties has acquired an industrial building in Hong Kong’s Wong Chuk Hang area for HK$728 million ($93.4 … Read more>>>

Stuart Crow JLL

APAC Real Estate Investment Reaches $27B in Third Straight Quarter of Growth: JLL

Stuart Crow JLL

2024/08/11 by Christopher Caillavet Leave a Comment

Commercial real estate investment in Asia Pacific rose 2 percent year-on-year in the second quarter of 2024 to hit $27.3 billion, marking a third straight quarter of growth, according to JLL.

First-half investment volume totalled $57.5 billion, up 7 percent… Read More>>

Commercial real estate investment in Asia Pacific rose 2 percent year-on-year in the second quarter of 2024 to hit $27.3 … Read more>>>

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