Asia’s fast-expanding data centre universe comes into focus this week as Mingtiandi hosts the head of one of the region’s most active tech facility startups for an exclusive discussion of the trajectory of the market and prospects for his company,… Read More>>
Cushman & Wakefield Announces Pair of APAC Promotions
Property consultancy Cushman & Wakefield this week announced a pair of senior promotions in its team looking after the company’s largest clients.
Nick Seaton has stepped up as regional head of integrated portfolio management (IPM) for the company and will… Read More>>
Evergrande Profit Warning Drives Shares Down Another 7%
Hong Kong-listed China Evergrande’s share price fell 7.2 percent Thursday after the cash-strapped developer issued a warning Wednesday night that the group’s first-half net profit would plunge somewhere between 29 and 39 percent from a year earlier.
In a filing… Read More>>
Firmus Capital Buys Central Singapore Mall to Bring Opportunity Fund AUM to $148M
A western Singapore mall has become Firmus Capital’s second acquisition in the city-state, boosting the local private equity firm’s newly launched Firmus Opportunity Fund VCC to S$200 million ($147.8 million) in assets under management.
The single-storey Le Quest Mall in… Read More>>
Princeton Digital Launches $150M Jakarta Data Centre as Sixth Indonesia Project
Singapore-based Princeton Digital Group continues to draw on Indonesia’s fast-growing internet economy as it launches development of its third data centre project in the Jakarta area and sixth overall in Southeast Asia’s most populous nation.
The new 22-megawatt data centre,… Read More>>
IPO Tycoons Help Drive Near Tripling of Hong Kong Luxury Home Sales
Sales in Hong Kong’s luxury residential market nearly tripled in the 12 months that ended 30 June, driven by wealthy locals who resumed home-buying activities and a surge of initial public offerings on the Hong Kong and Shenzhen stock exchanges.
Evergrande Said Hawking New Territories Project and More Asia Real Estate Headlines
Struggling mainland developer China Evergrande leads the news again today, with reports of yet another potential asset sale, as sources in Hong Kong indicate that the company is in discussions to sell a New Territories residential project for around $1… Read More>>
M&G Pays $91M for 40% Stake in ESR Warehouse Near Nagoya Port
The Asian division of UK-based M&G Real Estate has acquired a 40 percent stake in warehouse specialist ESR’s Yatomi Distribution Centre for JPY 10 billion ($91 million), valuing the property in Japan’s Nagoya area at $227.5 million.
M&G bought the… Read More>>
Digital Edge Hires Former JP Morgan Exec Yaniv Ghitis as Chief Investment Officer
Singapore-based Digital Edge has named Yaniv Ghitis chief investment officer, tapping the longtime JP Morgan dealmaker to oversee new market entry, M&A and investor relationships for the Asia-focused data centre platform.
Before joining Digital Edge, Ghitis was a senior member… Read More>>
Hines Grabs Melbourne Site for Build-To-Rent Project and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, US developer Hines buys a Melbourne site for its first rental apartment project in Australia, Hong Kong’s Henderson Land aims to increase home supply after a fruitful first half, and a report highlights… Read More>>
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