Chinese bit barns lead today’s look at real estate news from around Asia Pacific, with Bain Capital having closed on its sale of the mainland China assets of the business formerly known as Chindata for $4 billion. Also making the… Read More>>
Bain Capital Sells China Data Centre Business to Local Consortium for $3.9B
Bain Capital has agreed to sell the China operations of the data centre platform formerly known as Chindata for RMB 28 billion ($3.93 billion), marking the largest merger and acquisition deal ever in China’s data centre industry, the US private… Read More>>
GuocoLand Selling Johor Hotel for $36M and More Asia Real Estate Headlines
Hotels lead Mingtiandi’s look at real estate news from around the region today, with Singapore’s GuocoLand selling a 381-room asset just across the Malaysian border and Japan’s Ichigo completing the purchase of a 345-room property. Also making the list are… Read More>>
Bain Capital in Exclusive Talks to Acquire Hong Kong Data Centre Projects for Up to $274M
Bain Capital is set to add another city to its Asia data centre network with the US fund manager in exclusive talks to acquire a pair of Hong Kong projects for up to HK$2.15 billion ($274 million).
Having already established… Read More>>
Bain Said Marketing Former Chindata for $4B and More Asia Real Estate Headlines
Bain Capital seeks a buyer for the China business of the data centre firm formerly known as Chindata, with that report leading today’s headline roundup. Also in the news, Manulife US REIT agrees to sell an Atlanta office tower and… Read More>>
Tokyo Gas to Review Properties After Elliott Investment and More Asia Real Estate Headlines
The boss of Tokyo Gas responds after an activist investor targets the utility’s real estate portfolio, with that story leading today’s headline roundup. Also in the news, Bain-backed Chindata sounds out lenders for a $2.8 billion loan and Equinix India… Read More>>
Country Garden’s Home Sales Slump Persists and More Asia Real Estate Headlines
Distressed Country Garden leads Mingtiandi’s headline roundup today as the developer’s home sales continue to slump while China Vanke’s recent growth stalls. Australia’s AirTrunk also makes the news as the operator aims to expand its data centre campus in Melbourne… Read More>>
Bain Eyes Fresh Backers for Chindata and More Asia Real Estate Headlines
Bain Capital looks for new backers to expand regional data centre platform Chindata, with that story leading Mingtiandi’s headline roundup today. Country Garden also makes the list as it hires New York-based Kroll for liquidation analysis, and Shimao bondholders disagree… Read More>>
Singapore’s Hiap Hoe Buying Perth Motel and More Asia Real Estate Headlines
Singapore’s ongoing romance with Australian assets leads today’s set of real estate headlines from around Asia, with developer Hiap Hoe buying a Perth Hotel. Also in the news, Country Garden’s property management unit issues a profit warning and Bain Capital… Read More>>
Bain Buying Back Data Centre Operator Chindata with Sweetened $3.2B Deal
Chindata Group Holdings announced Friday that it is set to go private after the company’s board agreed to a sweetened $3.16 billion from Bain Capital, ending a bidding war between the US private equity titan and state-backed China Merchants Capital.