Asian industrial giant ESR and London-based Colt Data Centre Services have set up a joint venture to develop the first phase of a 130-megawatt hyperscale campus in suburban Osaka.
The 65MW initial phase will be designed and built by the… Read More>>
BlackRock Leads Investor Group Buying Macquarie’s Aligned Data Centers in $40B Deal
An artificial intelligence investment group led by asset management titan BlackRock has agreed to buy US-based Aligned Data Centers at an enterprise value of $40 billion.
The transaction spearheaded by the AI Infrastructure Partnership is intended to fuel the expansion… Read More>>
Mirae Sells Greater Seoul Tower for $1.4B in Korea’s Biggest Ever Office Deal
Mirae Asset Management has sold a Greater Seoul office building to a consortium of Korea Investment & Securities and KakaoBank for a record-breaking KRW 2 trillion ($1.4 billion).
Pangyo Tech One Tower, located south of the capital in the Pangyo… Read More>>
Singapore’s Centurion Makes London Debut With $55M Student Housing Site Buy
Centurion Corp has acquired a development site for a student housing project in central London for £41 million ($54.8 million), marking the Singaporean builder’s first property in the UK capital.
Centurion plans to develop a 225-bed purpose-built student accommodation at… Read More>>
SC Capital Sells Seoul Education Building for $38M
Singapore’s SC Capital Partners on Monday announced the sale of an education-focused commercial building in Seoul for KRW 54 billion ($37.7 million), as the fund manager continues to divest learning-related assets under the firm’s core-plus SCORE strategy.
SC Capital had… Read More>>
Sacked Aussie Execs Launch Wrongful Termination Proceedings Against JLL
Two recently fired executives of JLL Australia have commenced legal action against the global real estate consultancy for wrongful termination.
Peter Blade and Greg Pike, both former high-ranking members of JLL’s Aussie industrial team, announced in separate LinkedIn postings on… Read More>>
Shanghai Office Rents Fall for 14th Straight Quarter as New Buildings Flood Market
Grade A office rents in Shanghai declined at the steepest rate since 2022 in the July to September period as tenants stayed cautious at the same time that developers introduced new projects to an overcrowded market.
Nearly 4.2 million square… Read More>>
China Vanke Announces Chairman Switch Following Detention Reports
China Vanke is facing a fresh challenge after the embattled mainland developer revealed on Monday that its chairman has resigned after less than nine months on the job, with reports indicating that the long-time Shenzhen Metro boss has been detained… Read More>>
Hong Kong Tests Market with Tender for Kowloon Residential Site
The Hong Kong government will launch a small Kowloon residential site for tender before the end of this year, testing developer appetites for new projects in the city after having held back urban housing plots in the previous two quarters.
NTT Global Data Centers Breaks Ground on 36MW Osaka Campus
NTT Global Data Centers has begun construction of a 36-megawatt Osaka hyperscale campus, according to a statement this week.
A groundbreaking ceremony at the site in Ibaraki City, 20 kilometres (12.4 miles) north of central Osaka, took place on 1… Read More>>
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