Regal Hotels is selling Waterman House in London (Image: Regal Hotels)
A London transaction leads today’s review of real estate headlines from around Asia Pacific, as a Hong Kong hotel firm sells an asset in the UK capital to reduce debt. Also in the news, Google has plans for a $6 billion India data centre while digital infrastructure group Yondr exits its joint venture on the subcontinent after being acquired by Digital Bridge last year.
Hong Kong’s Regal Hotels Sells London Office Property for $26M
Regal Hotels International, together with parent companies Century City International and Paliburg Holdings, announced to the Hong Kong stock exchange on 29 July that the hospitality investment firm has agreed to sell a London hotel for GBP 19.5 million ($25.8 million).
Regal, which declared a 0.94 ratio of total debt to enterprise value in its most recent financial statements, is selling Waterman House, a 23,140-square-foot nine-story building at 41 Kingsway in the Covent Garden area, with the buyer identified in local media reports as developer MNX Properties. Read more>>
Google to Build $6B Data Centre in India’s Andhra Pradesh
Google will invest $6 billion to build a 1-gigawatt data centre and its power infrastructure in the southern Indian state of Andhra Pradesh in the Alphabet unit’s first such investment in India.
Due to be developed in the port city of Visakhapatnam, the data centre investment includes $2 billion in renewable energy capacity that will be used to power the facility. Read more>>
Yondr Exits India JV, Sells Stake to Everstone
Yondr Group announced the sale of its stake in EverYondr, the joint venture established in 2021 with Everstone Group to develop and operate data centres across India. Following this transaction, Everstone will assume full ownership of the venture.
This development follows Yondr’s recent acquisition by DigitalBridge and La Caisse in June 2025, as well as the appointment of Aaron Wangenheim as Chief Executive Officer and Sandip Mahajan as Chief Financial Officer. Read more>>
Singapore’s Keppel Capital Said in Talks to Sell Brisbane Office Tower for $52M
Singapore’s Keppel Capital is in talks to sell a Brisbane office tower to Australian fund manager Acure for more than A$80 million ($51.8 million).
Keppel bought 339 Coronation Drive in 2018 from 151 Property for A$40.25m. The sale of the then empty building was at an equivalent yield of 8.2 per cent and the group has since repositioned and leased it up. Read more>>
Star Deepens Losses, Flags Uncertainty Over Queen’s Wharf Exit
Star Entertainment Group has another quarter of mounting losses, while warning that its proposed exit from Brisbane’s Queen’s Wharf project is unlikely to proceed as planned.
The embattled casino operator posted revenue of A$270 million ($175 million) for the three months ended 30 June, unchanged from the previous quarter. The group recorded an EBITDA loss of A$27 million, deepening from the A$24 million loss reported in the March quarter and reversing a profit of A$23 million in the same period last year. Read more>>
Korea’s NPS, Lendlease Marketing NSW Mall as Aussie Retail Revives
Lendlease’s Australian Prime Property Fund Retail and co-owner South Korea’s National Pension Service have tapped CBRE and JLL to market the Erina Fair shopping centre on New South Wales’ Central Coast with the contest tipped to drive the price beyond A$850 million.
The race for the 13,000 square metre (139,930 square foot) property is heating up with a number of local investment managers said to be vying for the shopping centre after a number of Australian retail assets have changed hands in recent months. Read more>>
Koramco Marketing $575M Bundang Doosan Tower in Seoul
Koramco REITs Management & Trust has kicked off a marketing effort for the Bundang Doosan Tower, a landmark office building in the Seoul metropolitan area.
Market watchers estimate the deal’s value at around KRW 800 billion ($575 million), a premium to the KRW 620 billion won price tag when Koramco acquired the asset from Doosan Group in 2021. Read more>>
Equinix Hikes Forecast as Q2 Revenue Matches Expectations
Data centre firm Equinix expects annual revenue to be between $9.23 billion and $9.33 billion, compared with prior projection of $9.18 billion to $9.28 billion, as the company has benefited from the increased demand for data centre infrastructure.
In the second quarter ended 30 June, the company’s revenue rose 4.6 percent to $2.26 billion, in line with estimates, according to data compiled by LSEG. Read more>>
Singapore Holds Monetary Policy Steady Amid Tariff Uncertainty
Singapore kept its monetary policy unchanged after two consecutive rounds of easing, as subdued inflation gives policymakers time to assess the economic fallout from US tariffs.
The Monetary Authority of Singapore, which uses the exchange rate as its main policy tool rather than interest rates, said in a statement that it will leave the slope, width and centre of the policy band the same. Read more>>
Hong Kong Seeks to Loosen Capital Controls on Mainlanders Buying Local Homes
Hong Kong is seeking ways to ease capital transfer rules for mainland professionals buying property by discussing with China’s central government to see if a “suitable framework” could allow more flexible fund transfers without triggering capital flight.
Mainland Chinese buyers have emerged as a major force, purchasing HK$11 billion ($1.4 billion) worth of residential properties in June alone, according to Midland Realty. In some districts, they accounted for more than half of all new home transactions. Read more>>
Tune in again soon for more real estate news and be sure to follow @Mingtiandi on X, or bookmark Mingtiandi’s LinkedIn page for headlines as they happen.
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