Developers launched nearly 1.9 million square metres (20 million square feet) of new warehouse space onto the Korean market in the first quarter – setting a new record. However, rents have continued to hold steady as tenants leased four times… Read More>>
Rush Desai’s Varsity Group APAC Hires Former MSCI Exec in Singapore
Rush Desai is adding some senior talent to his team at Varsity Group Asia Pacific in Singapore, with the company announcing late last week that it has hired former MSCI executive Varun Malik as director of business development.
“Varun will… Read More>>
Hongkong Land Says Q1 Underlying Profit Dipped, Touts Retail Rebound
Hongkong Land’s underlying profit fell in the first quarter of 2023, from year-earlier levels, as fewer sales completions in mainland China reduced its development income.
The contribution from investment properties was marginally above that of last year’s same period, with… Read More>>
Singapore’s STT GDC, Ayala Plan $1B Manila Data Centre Campus
Singapore’s ST Telemedia Global Data Centers (STT GDC) and Philippine conglomerate Ayala Group are investing as much as $1 billion to develop a 124-megawatt data centre campus in Metro Manila, marking the latest move by a regional data centre… Read More>>
GLP Japan REIT Buying Four Warehouses for $420M, Financed by Sale of New Units
Tokyo-listed GLP J-REIT plans to acquire three warehouses across Japan and a partial stake in a fourth shed for a total consideration of JPY 58.2 billion ($420 million), with the bulk of the amount to be financed by the issuance… Read More>>
Consumption Shift Drives Demand, Higher Rents for Japan Logistics – MTD TV
https://player.vimeo.com/video/827876401?h=d665ed28fbVideo can’t be loaded because JavaScript is disabled: Mingtiandi Asia Logistics Forum 2023: Logistics Investment in Japan (https://player.vimeo.com/video/827876401?h=d665ed28fb)
Japan’s logistics industry is enjoying steady growth after a long period of stagnation as a shift in consumption… Read More>>
Hines Hires Kiyohito Motoyama as Japan Industrial Head, Adds Two Others to Team
US developer and fund manager Hines has added three new hires to its Japan team, led by Kiyohito Motoyama as director of logistics and industrial.
Motoyama, most recently of Mitsubishi Jisho Investment Advisors, will head up efforts to source new… Read More>>
TE Capital, LaSalle Near Sell-Out of Cecil Street Office Project in Singapore
TE Capital and LaSalle Investment Management are close to selling two-thirds of their joint venture office project on Cecil Street in under five months as investors continue to buy up floors in the freehold project in Singapore’s central business district.
WeWork Boss Sandeep Mathrani Steps Down, Joins Sycamore Partners
WeWork’s ongoing turnaround will continue without the leadership of chairman and CEO Sandeep Mathrani, who is leaving the flexible space provider to become a director at private equity firm Sycamore Partners.
Mathrani will exit his roles at WeWork on 26… Read More>>
Hyperscale Data Centres to Exceed 1,000 Sites Globally Next Year: JLL
With 314 new sites in development worldwide, the number of hyperscale data centres is expected to pass 1,000 by the end of 2024 — up from 500 five years ago, according to JLL.
The hyperscale market is expected to deliver… Read More>>
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