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Pithambar Gona

Oaktree Backs Stack Entry to APAC Data Centre Market with 36MW Japan Facility

2022/01/14 by Beatrice Laforga Leave a Comment

US hyperscale specialist Stack Infrastructure has teamed up with global investment firm Oaktree Capital Management to build a 36 megawatt data centre campus in Japan’s Chiba prefecture, marking its first facility in the Asia Pacific region.

Stack, which has locations… Read More>>

li sze lim of R&F Property

S&P Downgrades R&F’s Hong Kong Unit, Likens Payment Extension to Default

2022/01/14 by Christopher Caillavet Leave a Comment

Guangzhou R&F Properties may have avoided default and gained an extra six months to repay a $750 million offshore note that came due on Thursday, but S&P Global Ratings has labelled the group’s delaying tactic a default in all but… Read More>>

Chris Chong

CapitaLand, Mitsui, Tokyo Tatemono Open Singapore’s 79 Robinson Road

2022/01/14 by Christopher Caillavet Leave a Comment

Almost five years after breaking ground in Singapore’s central business district, CapitaLand and its Japanese partners officially opened their 79 Robinson Road office building Friday with committed occupancy already close to 93 percent.

Designed by US firm Gensler and Singapore’s… Read More>>

chen feng HNA

HNA Creditors Sell Seized Luxury Home on Hong Kong’s Peak for $50M

2022/01/13 by Pawara Laothamatas Leave a Comment

Four months after HNA chairman Chen Feng was detained by the Hainan police, creditors of his bankrupt empire have sold off a Hong Kong luxury home used by the jailed billionaire at a markdown of HK$116 million ($14.9 million) from… Read More>>

Singapore Lifts Data Centre Ban, But Will Cap Capacity, Require Efficiency

2022/01/13 by Beatrice Laforga Leave a Comment

The Singapore government is lifting a 2019 moratorium on new data centre construction and will once again allow construction of new server facilities within its borders, provided that they meet criteria for energy efficiency, according to a statement on Tuesday.

… Read More>>

sun hongbin

Sunac Share Sale Raises $580M as Developer Faces Bond Deadline This Month

2022/01/13 by Christopher Caillavet Leave a Comment

Mainland developer Sunac China Holdings continues to make moves to shore up its financial position, including a planned HK$4.52 billion ($580 million) share sale to a holding firm controlled by the family of chairman Sun Hongbin.

In the top-up deal… Read More>>

han xiaosheng oceanwide

China Oceanwide Faces Payment Demand After $175M NYC Default

2022/01/13 by Christopher Caillavet Leave a Comment

China Oceanwide Holdings’ American dream is looking ever more like a broken one after the mainland developer was served with a default notice for a $175 million loan backed by the group’s troubled skyscraper project in Lower Manhattan.

New York-based… Read More>>

Schroders Pamfleet Kelvin Wong

Schroders JV Sells Shanghai Co-Living Project to Golden Union for $31M

2022/01/12 by Christopher Caillavet Leave a Comment

China’s rental residential sector has seen another global fund manager expand its China rental residential holdings as Warburg Pincus-backed Golden Union Assets has reportedly acquired a co-living project in Shanghai’s southwestern suburbs from fund manager Schroders and Hong Kong-listed Deson… Read More>>

alex ju chindata

Bain-Backed Chindata Data Centres Announces Terms of Divorce From Former CEO

2022/01/12 by Christopher Caillavet Leave a Comment

Chindata Group has shed some light on the fate of recently departed CEO Alex Ju, who will assume a new non-executive role as he prepares to exit the Beijing-based data centre provider he founded more than six years ago.

As… Read More>>

R&F Avoids Default on $750M Note With Scaled-Back Repurchase Plan

2022/01/12 by Christopher Caillavet Leave a Comment

Guangzhou R&F Properties has escaped default on a $750 million offshore note coming due this week, even as liquidity issues forced the mainland developer to downsize a planned buyback of some of the debt.

R&F Properties had intended to earmark… Read More>>

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