Princeton Digital Group co-founder, chairman and CEO Rangu Salgame
In today’s roundup of real estate news from Asia Pacific, Princeton Digital Group closes an $856 million green financing package for its Indonesia hyperscale campus, Blue Owl’s Stack Infrastructure weighs a $30 billion-plus sale of its Asia data centre operations, and Chinese creditors turn to Hong Kong courts to chase distressed mainland developers.
PDG Raises $856M for Indonesia Hyperscale Data Centre
Princeton Digital Group has raised $856 million in total financing to support the build-out of its 120-megawatt JC3 hyperscale data centre campus in Indonesia, the company said. The package comprises a fully underwritten $456 million syndicated facility and an accordion facility of $400 million currently in progress.
The syndicated tranche was underwritten by DBS, HSBC, Maybank, SMBC and Standard Chartered, and is structured under PDG’s Green Finance Framework, making it one of the largest green loans in the region. Read more>>
Bagmane Prime Office REIT Opens $360M IPO in Bengaluru
Bagmane Prime Office REIT has launched a INR 34.1 billion ($360 million) initial public offering for its premium-grade office portfolio in Bengaluru, with bidding open from 5 May to 7 May. The IPO is priced at INR 95 to INR 100 per share.
The offer comprises a fresh share sale of INR 23.9 billion and an offer for sale of INR 10.2 billion. The company plans to use fresh proceeds for acquisitions and general corporate purposes. Read more>>
Blue Owl’s Stack Infrastructure Weighs $30B-Plus Asia Data Centre Sale
Stack Infrastructure, a data centre company owned by Blue Owl Capital, is weighing options including a sale of its Asia operations, according to people familiar with the matter. The Denver-based firm has been speaking with prospective advisors about a partial or full sale of assets in Australia, Japan and Malaysia.
A transaction could be valued at more than $30 billion, some of the people said, asking not to be identified discussing private deliberations. Read more>>
Centurion REIT Posts $30M Q1 NPI, Beating Prospectus Forecast
The manager of Centurion Accommodation REIT posted net property income of S$37.5 million ($29.6 million) for the first quarter to the end of March, exceeding its prospectus forecast of S$36.6 million by 2.4 percent, according to a bourse filing.
Revenue of S$52.5 million for the period also beat the projected S$51.1 million, lifted by higher occupancy and rental rates and stronger sterling and Australian dollar exchange rates against the Singapore dollar. Read more>>
Centurion Group Revenue Up 17% as Firm Launches $172M Asset Sale
Centurion Holdings has launched a S$218.5 million ($172.4 million) portfolio sale of seven freehold living assets as part of an accelerated capital recycling strategy, as the company reported revenue of S$26.9 million for the first half of fiscal 2026, up 17 percent year-on-year.
Adjusted profit after tax and minority interests rose 14 percent to S$8.6 million, the company said, while average occupancy across its 28-property portfolio held steady at 97 percent. The firm declared an interim dividend of one Singapore cent. Read more>>
China Resources Land Unit Wins $1.1B Shenzhen Site With No Competition
A subsidiary of China Resources Land acquired a residential and commercial site in Shenzhen’s Longgang district for RMB 7.05 billion ($1.1 billion) as the sole bidder in the land tender. The site covers a gross floor area of 476,800 square metres (5.1 million square feet).
The plot includes 305,617 square metres of residential space and 143,456 square metres of commercial space, comprising a 25,000 square metre hotel and a 116,000 square metre retail centre, according to public tender records. Read more>>
Bohai Trust Sues Yida Development Over $73M Unpaid Loan
Yida Development and several subsidiaries have received a civil complaint filed by Bohai Trust at the Shanghai Financial Court, seeking repayment of an outstanding loan principal of RMB 498 million ($73.1 million) plus interest and overdue charges, according to a Hong Kong exchange filing.
Bohai Trust is also claiming priority compensation rights over collateral provided by two subsidiaries, as well as joint and several guarantee liability from Yida Development and other defendants. The company said it is seeking legal advice and negotiating a repayment arrangement. Read more>>
Chinese Creditors Turn to Hong Kong Courts to Chase Developer Debts
Chinese creditors struggling to recover funds from distressed mainland developers are increasingly turning to Hong Kong courts to enforce repayment, according to Bloomberg. The latest case involves Sunac China chairman Sun Hongbin, who is being sued in Hong Kong by a supplier.
Beijing Oriental Yuhong Waterproof Technology is seeking to enforce an onshore ruling against Sun for more than RMB 418.5 million ($61.4 million), according to judicial documents. Read more>>
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