Hankyu Hanshin Properties president and representative director Yasuki Fukui
Hankyu Hanshin is the latest Japanese developer to try its hand at North American homebuilding, with a newly formed joint venture in Canada leading today’s headline roundup. Also making the list, DigitalBridge’s Vantage Data Centers tops out the first stage of an Osaka campus and Hong Kong’s New World sees its stock slump continue into the new year.
Japan’s Hankyu Hanshin Enters Canada with Toronto Residential JV
Japan’s Hankyu Hanshin Properties and Canada’s Graywood Developments have announced a joint venture to develop residential projects in Greater Toronto.
To mark their first collaboration, Hankyu Hanshin will team with Graywood on the development of Claystone, a residential project in Oakville, Ontario. Graywood Developments will serve as the lead developer, constructor, and sales manager for the project, which marks the Japanese firm’s entry into the Canadian market. Read more>>
Vantage Data Centers Tops Out 28MW Osaka Facility
Vantage Data Centres announced Wednesday that it has topped out the first stage of its data centre campus in Osaka.
The 28-megawatt facility is scheduled to come online in early 2026, according to the division of US private equity fund DigitalBridge, with the campus expected to have 68MW of capacity when the second phase is completed. Read more>>
New World Shares Slump 7% in Opening Days of 2025
New World Development shares are down nearly 30 percent since a new CEO was appointed in November and could continue declining as the highly leveraged Hong Kong developer has not yet made any headway in reducing debt, according to HSBC.
The company’s shares have fallen 7 percent in the new year, after having lost more than 50 percent of their value last year. The shares dropped 2.65 percent to close at HK$4.78 ($0.61) on Wednesday. Read more>>
Bankers Predict a Busy 2025 After Japan Notched $230B in M&A Last Year
Japan’s dealmakers are expecting a busier 2025 after more than $230 billion in mergers and acquisitions last year, underpinned by companies’ changing attitudes around business expansion.
Sitting on ample cash and trading at low valuations, firms in Japan are becoming more proactive to fend off global rivals and activist investors that are showing renewed interest in the country after decades of stagnant growth. Read more>>
WeWork India Leases More Space in Bengaluru, Pune
WeWork India has signed leases for two office spaces at WeWork Manyata Mahogany in Bengaluru and WeWork GERA Commerzone in Pune.
Both spaces are set to open in the second half of fiscal 2026. Manyata Mahogany spans 90,500 square feet (8,408 square metres) and houses 1,700 desks across two floors. GERA Commerzone, leased in collaboration with K Raheja Corp, will host 1,300 desks across 84,000 square feet. Read more>>
Du Shuanghua’s Kai Yuan Refinances Paris Hotel for $180M
Colourful mainland magnate Du Shuanghua’s Kai Yuan Holdings has secured a €175 million ($180.2 million) refinancing loan for the Paris Marriott Champs-Elysees hotel.
The Hong Kong-listed company secured the loan for the five-star hotel with a banking pool led by Societe Generale. Kai Yuan had purchased the landmark property for €334.5 million in 2014 with Du having more recently focused his investments in Singapore via his Bright Ruby vehicle. Read more>>
China Expands Consumer Subsidies to Spark Economy
China is widening the scope of its consumer goods trade-in programme this year, as Beijing intensifies efforts to convince cautious households to spend as rising external uncertainties threaten exports’ ability to prop up economic growth.
The National Development and Reform Commission, China’s top economic planner, said Wednesday that the government will include more products in its home appliance trade-in programme in 2025, extending state subsidies to microwave ovens, water purifiers, dishwashers and rice cookers. Read more>>
Chinese Investors Pour Cash Into Overseas Bond Funds
Chinese investors’ demand for better returns overseas is so strong that even an expanded purchase quota for some funds is selling out fast.
Five global bond funds in the so-called Mainland-Hong Kong Mutual Recognition of Funds scheme had to suspend new subscriptions this week as mainland inflows neared a limit. The products in the pool, which lets investors trade without currency controls, had reopened their doors after the Chinese regulator raised the cap on mainlanders’ ownership to 80 percent from 50 percent starting on 1 January. Read more>>
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