GDS Holdings has set up a RMB 2.6 billion ($371 million) joint venture with a private fund management unit of state-run investment firm CITIC to develop a new data centre in suburban Beijing, as the mainland server facility specialist ramps… Read More>>
CapitaLand to Invest INR 10.5B in Chennai Tech Park Despite Softer Office Demand
CapitaLand is investing an initial INR 10.5 billion ($140.2 million) to build the first phase of a new IT park in Chennai, reflecting the Singapore-based real estate giant’s optimism that demand for office space will rebound despite a Covid-19 driven… Read More>>
Keppel Investing RMB 1.5B to Build First Mainland China Data Centre
Keppel Corp said late Thursday that its Alpha Data Centre Fund will invest RMB 1.5 billion ($213.7 million) to develop a greenfield data centre in Guangdong province, marking the Singapore-based conglomerate’s first foray into mainland China’s booming data centre industry.
Chuang’s Consortium Secures Redevelopment Site in Hong Kong’s Central
Halfway through a year of public health crisis and political controversy in Hong Kong, the city’s real estate developers continue to take extraordinary measures to acquire prime sites, with Chuang’s Consortium having snapped up a redevelopment site in… Read More>>
Logan Group Buys Shanghai Residential Plot for RMB 2.4B
Shenzhen-based Logan Group won a residential plot in Shanghai’s Yangpu District at a recent government land auction with a bid of RMB 2.381 billion ($340.7 million), marking the developer’s first foothold in China’s commercial capital.
Known until recently as Logan… Read More>>
HK$40B Site on Victoria Harbour Could Reshape Hong Kong’s Central
Amid market uncertainty and sliding property values, Hong Kong is putting up for sale an iconic commercial site in the city’s busiest district, according to a recent announcement by the city government.
The 4.76 hectare (512,362 square foot) waterfront plot,… Read More>>
Digital Realty Kicks Off Work on Second Hong Kong Data Centre
US-based data centre REIT Digital Realty announced late last week that it will start development of its second data centre in Hong Kong as the 16-year-old company expands its footprint in Asia Pacific.
The company expects the carrier neutral facility,… Read More>>
Hines, India’s DNR to Jointly Develop Bangalore Office Project
Hines, the Houston-based real estate firm with over $133 billion in assets under management across 205 cities globally, said Friday it has partnered with India’s DNR Group to build an office development in Bangalore.
The 20-storey tower will have a… Read More>>
US Consulate’s HK$5.2B Site Could Sell for 24% Off Amid Hong Kong Downturn
Amidst growing friction with Chinese authorities, the US Department of State has put up for sale a residential site in one of Hong Kong’s most exclusive enclaves, and it could be set to sell for nearly a quarter less than… Read More>>
Chongbang to Invest $400M in Phase 2 of Shanghai’s [email protected]
Chongbang Group has closed the $120 million acquisition of a suburban site in northwestern Shanghai as it readies the second phase of the company’s retail-anchored [email protected] project, Mingtiandi can reveal.
The Shanghai-based commercial developer led by one-time Shui On Land… Read More>>
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