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Microsoft Buying Malaysia Data Centre Site From EcoWorld for $85M

2024/06/13 by Christopher Caillavet Leave a Comment

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>>

A data centre unit of tech giant Microsoft has agreed to acquire a development site in Malaysia for MYR 402.3 million … Read more>>>

William Huffman Nuveen

Nuveen Names William Huffman Chief Executive, Succeeding Jose Minaya

William Huffman Nuveen

2024/06/13 by Michael Cole Leave a Comment

US investment manager Nuveen on Thursday announced William Huffman as its new chief executive officer, replacing Jose Minaya.

A 16-year Nuveen veteran, Huffman has served most recently as president of Nuveen Asset Management as well as head of equities and… Read More>>

US investment manager Nuveen on Thursday announced William Huffman as its new chief executive officer, replacing Jose … Read more>>>

Assets Linked to Singapore Money Launderers Set to Sell and More Asia Real Estate Headlines

2024/06/13 by Ponrath Sopannarath Leave a Comment

Singapore shophouses lead Mingtiandi’s headline roundup today as a set of properties linked to a money-laundering case in the city-state are said to be selling for over $74 million. London also makes the list as a Taiwanese developer checks out… Read More>>

Singapore shophouses lead Mingtiandi’s headline roundup today as a set of properties linked to a money-laundering case … Read more>>>

UEM Sunrise CEO Sufian Abdullah

UEM Sunrise Selling Malaysia Data Centre Plots for $30M, Deal Linked to Singtel

UEM Sunrise CEO Sufian Abdullah

2024/06/12 by Christopher Caillavet Leave a Comment

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>>

UEM Sunrise has agreed to sell two parcels of land in Johor state to a “global data centre player” for MYR 144.9 million … Read more>>>

Janice Yau Garton, Stephenson Harwood

China Logistics Projects Achieving 7% Development Yields as Costs Fall 30%: MTD TV

Janice Yau Garton, Stephenson Harwood

2024/06/12 by Kevin He Leave a Comment

Land and construction prices in China are dropping at the same time that the evolution of the country’s e-commerce market is continuing to drive demand for warehouse space and a developing REIT sector is attracting more capital, according to… Read More>>

Land and construction prices in China are dropping at the same time that the evolution of the country’s e-commerce … Read more>>>

Evergrande Real Estate Group Chairman of the Board Hui Ka-yan (Getty Images)

Regulator Rejects Evergrande Founder’s Appeal as EV Arm Risks Land Confiscation

Evergrande Real Estate Group Chairman of the Board Hui Ka-yan (Getty Images)

2024/06/12 by Christopher Caillavet Leave a Comment

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>>

A top mainland regulator dismissed statements of defence provided by China Evergrande’s founder and former chairman, Xu … Read more>>>

Chinese Developer Ordered to Liquidate in Hong Kong and More Asia Real Estate Headlines

2024/06/12 by Ponrath Sopannarath Leave a Comment

The liquidation of yet another mainland developer leads Mingtiandi’s headline roundup today as Dexin China is ordered wound up. ESR is also in the news as it looks to sell a Sydney data centre site and WeWork names a new… Read More>>

The liquidation of yet another mainland developer leads Mingtiandi’s headline roundup today as Dexin China is ordered … Read more>>>

Brian Kingston, CEO of Brookfield’s real estate business

Brookfield Confirms $300M Deal to Sell Conrad Seoul to ARA Korea

Brian Kingston, CEO of Brookfield’s real estate business

2024/06/11 by Christopher Caillavet Leave a Comment

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>>

Brookfield Asset Management announced that it has agreed to sell the Conrad hotel in Seoul to ARA Asset Management’s … Read more>>>

Kurt Wilkinson, founding partner of Arrow Capital Partners

Starwood-Arrow Capital JV Offloads Aussie Logistics Assets for $110M

Kurt Wilkinson, founding partner of Arrow Capital Partners

2024/06/11 by Kevin He Leave a Comment

A joint venture between an affiliate of Starwood Capital and Sydney-based Arrow Capital Partners has divested a portfolio of seven logistics properties near Sydney and Melbourne for A$166.8 million ($110 million), after average prime net face rents of Australian industrial… Read More>>

A joint venture between an affiliate of Starwood Capital and Sydney-based Arrow Capital Partners has divested a … Read more>>>

Adrian Low of Fosun Hive Capital Management

Fosun Hive, Idera Launch Japan Logistics JV With Osaka Cold Chain Buy

Adrian Low of Fosun Hive Capital Management

2024/06/11 by Christopher Caillavet Leave a Comment

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>>

Fosun Hive Capital Management has set up a joint venture with sister firm Idera Capital Management for the forward … Read more>>>

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