Global Internet giants including Amazon and Google are filling up more than two-thirds of the region’s… Read More>>
Pair of Sites in Singapore’s Lentor Hills Sold for $543M as Bidding Underwhelms
Two land parcels within the new Lentor Hills estate were auctioned off by Singapore’s Urban Redevelopment Authority on Tuesday, with a consortium led by Chinese-owned United Engineers winning the larger of the two residential development sites with a bid of… Read More>>
PDG Says Ready for Competition in Asia Hyperscale Market: MTD TV
After raising $505 million in fresh funding this year, Princeton Digital Group sees room for… Read More>>
Frasers Hospitality Trust Privatisation Fails as Vote Falls Just Short
Frasers Property’s take-private scheme for Singapore-listed Frasers Hospitality Trust came up short by the barest of margins at a Monday vote, as unitholders representing 74.88 percent of the trust’s stapled securities approved the proposal, narrowly missing the 75 percent threshold… Read More>>
Lenders Move to Seize Evergrande’s Hong Kong Headquarters
China Evergrande’s struggle to pay its debts produced more drama this past week as lenders to the world’s most indebted developer took steps to seize its Hong Kong headquarters.
The unidentified lenders to Shenzhen-based Evergrande have appointed a receiver to… Read More>>
Data Centre Forum Continues with PDG, Hyperscale and Greater China Sessions
Mingtiandi’s APAC Data Centre Forum 2022 enters its second week with a solo interview with the chairman of Princeton Digital Group as well as panel discussions on the hyperscale and Greater China markets as the region’s top conference on data… Read More>>
ESR Raises $410M for 3rd Australia Core-Plus Fund With Backing From GIC
Industrial specialist ESR has launched the third in its series of core-plus logistics funds focused on the Australian market, with financial support once again provided by its longtime partner, Singapore sovereign fund GIC.
ESR Australia Logistics Partnership III has received… Read More>>
Hong Kong’s Chinachem Confirms $182M Buy of TikTok London HQ
Chinachem Group this past week confirmed its purchase of TikTok’s London headquarters for a price of £158.5 million ($182.5 million) with the Hong Kong developer portraying the acquisition of its first overseas asset as a step toward diversifying its portfolio… Read More>>
R&F Selling Wanda Realm Beijing Hotel at a Loss
Guangzhou R&F Properties has renewed its efforts to sell off assets and pay down its liabilities as the mainland developer last week agreed to sell its Wanda Realm Beijing hotel to a unit of Beijing Pengrui Real Estate for RMB… Read More>>
LaSalle Overachieves With $2.2B Raised for 6th Asia Opportunistic Fund
LaSalle Investment Management has raised more than $2.2 billion in equity for its LaSalle Asia Opportunity VI fund, handily exceeding the firm’s initial target of $1.5 billion.
The committed capital, which includes sidecars and co-investment programmes, has been secured from… Read More>>
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