Gordon Tang’s companies edged out the second-highest bid by Sing Holdings
A joint venture set up by Gordon Tang places the highest bid for a Singapore residential site, as the windsurfer’s latest moves lead today’s headline roundup. Also making the list, Bain Capital-backed Bridge Data Centres secures a large bank facility to fuel expansion and South Korea’s NPS invests in an Australian private credit manager.
Gordon Tang’s SingHaiyi Makes Top Bid for Condo Site on Singapore’s East Coast
A joint venture between a pair of companies controlled by mysterious mainland moguls Gordon and Celine Tang placed the S$658.9 million ($494.2 million) top offer for a site next to Bayshore MRT station on Singapore’s East Coast.
With Singapore’s housing market booming, the Bayshore Road site fetched eight bids, with the Tang-led offer equivalent to S$1,388 per square foot of built area. Read more>>
Bain-Backed Bridge Data Centres Lands $2.8B in Bank Financing
Bain Capital-backed Bridge Data Centres said Wednesday that it has secured $2.8 billion in senior secured bank financing to fuel its data centre expansion, marking one of the largest-ever bank facilities for a pan-Asian data centre operator.
The financing, underwritten by a consortium of international and cross-regional banks, will be used to accelerate development of hyperscale campuses in high-growth markets, including Malaysia, Thailand and beyond, according to a statement by the Singapore-based company. Read more>>
Korea’s NPS, Partners Group Invest in Aussie Private Credit Manager
South Korea’s National Pension Service is buying a stake in Australian asset manager Metrics Credit Holdings to expand its alternative investments.
The NPS and US real estate asset manager Townsend Group agreed to purchase a 4.17 percent stake in Metrics for A$50 million ($31.6 million) and will also invest in Metrics real-estate-focused investment strategies. Read more>>
Equinix Issues $375M in Green Bonds in Singapore
Equinix announced its issuance of S$500 million ($374.8 million) in green bonds in its inaugural offering in the Singaporean market. The US-based data centre operator issued S$500 million worth of 3.50 percent senior notes due in 2030. The offering closed on 13 March.
The debut issuance makes Equinix the first US corporate to access the Singapore dollar market in over five years, with the company saying it will use the financing to advance its sustainability and to further the operational efficiency of its portfolio as AI adoption accelerates. Read more>>
GDS’s DayOne Breaks Ground on Thai Data Centre
DayOne, formerly known as GDS International, has broken ground on its Chonburi Tech Park data centre campus in Thailand’s Chonburi province, as the Chinese digital infrastructure player continues to expand its regional presence.
Planning to invest $1 billion over the next five years, DayOne is building a hyperscale data centre park powered by 180 megawatts of grid capacity in the project east of Bangkok. Read more>>
Goldman Sachs Teams With Australia’s CEFC for Green Construction Lending
Australia’s Clean Energy Finance Corporation will co-invest with capital from a $7 billion Goldman Sachs fund to offer construction debt to Australian residential and office projects that measure their whole-lifecycle carbon footprint and disclose efforts to mitigate those emissions.
The national government’s green bank will co-invest $160 million alongside funds from the Real Estate Credit Partners IV fund, one of a growing pool of funds investing under governance principles of the EU’s Sustainable Finance Disclosure Regulation. Read more>>
Japanese Land Prices Rise at Fastest Pace in 34 Years
Japan’s land prices rose at their fastest pace in 34 years in 2024, with recovery spreading to regional areas thanks to sustained economic growth, in the latest sign of a pickup in the property market, according to a government survey out Tuesday.
Average nationwide land prices, across residential and commercial, grew 2.7 percent to mark a fourth straight year of gains, the land ministry survey showed. Read more>>
Goodman Buys $127M Sydney Logistics Site From ASX-Listed Qube
Industrial heavyweight Goodman Group has snapped up an operating intermodal terminal in Minto in Sydney’s southwest from listed company Qube for A$200 million ($126.7 million).
While Qube is exiting, the site adjacent to an existing Goodman estate must continue to operate as an intermodal, meaning multiple forms of transport, and Goodman, led by billionaire Greg Goodman, will shortly install a third-party operator to run the combined intermodal and storage facility. Read more>>
Tune in again soon for more real estate news and be sure to follow @Mingtiandi on Twitter, or bookmark Mingtiandi’s LinkedIn page for headlines as they happen.
Leave a Reply