In this special Christmas edition of People in the News, the boss of a leading data centre operator heads for new horizons, one of China’s biggest real estate investors names a new chairman following a corruption scandal and Shanghai announces… Read More>>
CapitaLand Enters China Data Centre Market with $560M SH Hyperscale Buy
Singaporean developer CapitaLand will acquire its first hyperscale server facility in China, spending RMB 3.66 billion ($560 million) to pick up a four-building campus in Shanghai’s Minhang district.
The 55-megawatt facility is managed by mainland data centre operator Daily Tech… Read More>>
Warburg Pincus Boosts ARA Stake as China’s AVIC Bows Out
Warburg Pincus is boosting its interest in ARA Asset Management to almost half of the company’s issued shares, in the first changes to the shareholding structure of the Singapore-based fund manager since it was taken private in 2017.
Through a… Read More>>
Chinese-Backed Data Centre Giant Aims for HK IPO at £9B Valuation
Just over two years after being acquired by a consortium of Chinese investors, UK data centre developer Global Switch is preparing for a stock market listing in Hong Kong later this year that could value it at more than £9… Read More>>
Ping An, Citic Bank and AVIC Trust Join $2.8B Investment in UK Data Centre Developer
Data centre developer Global Switch Limited announced last week that a consortium of Chinese investors including AVIC Trust and Hong Kong affiliates of China Citic Bank, Haoyue Capital and Jiangsu Sha Steel have agreed to pay £2.1 billion ($2.78 billion)… Read More>>
Warburg Pincus-Backed D&J Kicks Off China Property Fund With $1.45 Bil Commitment
D&J China, a business park developer backed by US private equity giant Warburg Pincus, has launched a new China real estate fund with an initial capitalisation of RMB 10 billion ($1.45 billion).
The two and a half-year-old developer has established… Read More>>
Lim, Warburg Pincus and AVIC Trust Value ARA at $1.3B in Buyout Bid
The management and major shareholders of ARA Asset Management are joining with US private equity giant Warburg Pincus and China’s AVIC Trust in a bid to privatise the Singapore-listed investment manager, according to a statement today to the Singapore stock… Read More>>