Bruno Lopez, president and group CEO of STT GDC
The rising value of data centres leads today’s review of real estate headlines from around the region with KKR said to be in discussion to take over a Temasek Holdings’ controlled player at a $5 billion valuation. Also in the news, a Blackstone-backed developer is set for an India IPO next week and Hong Kong’s richest man is working to stay on the good side of Beijing authorities.
KKR Said in Talks to Buy Singapore’s STT GDC at $5B Valuation
KKR & Co. is in talks to buy ST Telemedia Global Data Centres in a deal that could value the Asian digital infrastructure provider at more than $5 billion, according to people familiar with the matter.
The US investment firm and ST Telemedia Pte could reach a deal in the coming weeks, the people said. KKR is already a backer in the closely held data center company known as STT GDC with a 14.1 percent stake. At a more than $5 billion valuation, the deal could be among the largest for KKR this year, according to data compiled by Bloomberg. Read more>>
Blackstone-Backed Knowledge Realty Trust Sets India IPO Date
Knowledge Realty Trust (KRT), sponsored by Bengaluru-based developer Sattva Group and asset manager Blackstone, plans to launch its initial public offering (IPO) on 5 August.
The proposed INR 48 billion ($553 million) IPO secured approval from the Securities and Exchange Board of India on Friday. Read more>>
CK Hutchison to Add Chinese ‘Strategic Investor’ to Port Deal
CK Hutchison said on Monday it was in talks with a consortium pursuing its $22.8 billion ports business to add a Chinese “major strategic investor” to the bid, after Beijing flagged a probe into the deal amid heightened Sino-U.S. tension.
The Hong Kong-based conglomerate made the comment the day after exclusive talks ended with the consortium, led by US investment firm BlackRock and Italian billionaire Gianluigi Aponte’s family-run shipping company MSC. Read more>>
China Evergrande Group Soon To Be Delisted
China Evergrande Group has struggled under more than $300 billion in liabilities. The developer is edging closer to delisting from the Hong Kong stock exchange, as the trading suspension since January 2024, imposed following its court-ordered liquidation, hit the 18-month mark.
Their financial troubles came to the fore in 2021, after Beijing rolled out the “three red lines” policy to rein in overleveraged developers and cool down the housing market. Read more>>
Lai Sun Marketing Half-Stake in Hong Kong’s CCB Tower
Lai Sun Development is seeking to sell its 50 percent stake in Hong Kong office building CCB Tower.
The company has held talks with potential buyers, including China Construction Bank Corp., which owns the other half of the building in Hong Kong’s Central business district. The Chinese bank hasn’t expressed interest in acquiring the stake. Read more>>
GDS’ DayOne Breaks Ground on Hydrogen-Powered Singapore Data Centre
DayOne Data Centers Singapore, a spin-off from China’s GDS, is developing the nation’s first data centre to pilot on-site hydrogen-based power generation.
The Singapore-based company broke ground for the 20 megawatt data centre on Friday (Jul 25). The artificial intelligence-ready facility, with a gross floor area of approximately 40,000 square metres, is located within the Jurong East Data Centre Cluster. This is DayOne’s first data centre in the Republic. Read more>>
Mapletree Industrial Trust DPU Dips 4.7% in Q1 Despite Stable Revenue
Mapletree Industrial Trust’s distribution per unit (DPU) fell 4.7 percent to S$0.0327 ($0.025) for its first quarter ended Jun 30, 2025, from S$0.0343 the year before. Nevertheless, revenue was up 0.3 percent at S$175.9 million for the quarter, from S$175.3 million in the year-earlier period.
This was due to revenue contributions from the freehold mixed-use facility in Tokyo acquired in October 2024; the completion of the final phase of fitting-out works of its Osaka Data Centre; as well as new leases and renewals across various Singapore property clusters. Read more>>
Stockland Partners With Boyd on $2.3B Logistics Hub in Sydney
Property developer Stockland has secured a joint venture with John Boyd’s company to redevelop the Kogarah Golf Club site into a A$3.5 billion ($2.3 billion) logistics hub after the NSW government rezoned the site.
The Australian reported last December that the listed company was in talks with John Boyd Properties about forming the partnership to develop the huge site on the Cooks River next to Sydney airport. Read more>>
Singapore-Listed Stoneweg Europe Stapled Trust Selling Polish Office for $9M
Stoneweg Europe Stapled Trust plans to sell Arkonska Business Park for a consideration of €7.8 million ($9 million).
The asset is a two-building office complex located in Gdansk, Poland, with a total lettable area of 11,710 square metres (126,045 square feet). 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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