In today’s roundup of regional news headlines, Hongkong Land does an about-face on co-working space, China Evergrande’s shares slip on fears that the developer might have to dilute its stake in a mainland bank it’s chummy with, and Abu Dhabi’s… Read More>>
Hines to Develop 43 Acre IT Park in Pune, India With Goel Ganga
Hines will make its first foray into one of India’s fastest-growing office markets with the construction of a 43 acre (17 hectare) IT park in the city of Pune, east of Mumbai.
The US developer is establishing its foothold in… Read More>>
Digital Edge Buys Control of Indonesian Data Centre Operator for $165M
Singapore-based Digital Edge has paid $165 million to acquire a controlling interest and become the largest shareholder in data centre operator PT Indointernet Tbk.
The investment in the Indonesian firm, known as Indonet for short, brings Digital Edge’s regional portfolio… Read More>>
Crown Resorts Gets $2.4B Pitch From Oaktree and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, Aussie casino operator Crown Resorts is presented with a revised buyback proposal from Oaktree Capital Group, Singapore’s stock exchange launches the world’s first ESG REIT derivatives, and Shenzhen’s efforts to curb housing prices… Read More>>
GIC to Invest Additional $3.9B into Equinix Hyperscale Data Centres
Only three months after opening its first hyperscale facility in Asia, Equinix on Monday announced a deal with Singapore sovereign wealth fund GIC to inject a further $3.9 billion into growing the US firm’s xScale data centre programme.
Through a… Read More>>
Sun Venture, Low Keng Huat Swap Stakes in Singapore Commercial Assets
Just two months after Singapore developer Low Keng Huat hired away a top executive from local investment firm Sun Venture, the two companies are swapping stakes in a pair of long-standing joint ventures.
Low Keng Huat announced to the Singapore… Read More>>
ARA-Chelsfield Singapore Project Rechristened Lazada One as Alibaba Unit Relocates
Lazada, the Southeast Asia online marketplace owned by Chinese e-commerce giant Alibaba, has slapped its name on its new Singapore home as it prepares to move into the building owned by ARA Asset Management and UK-based Chelsfield.
Earlier this year,… Read More>>
CK Asset Said Floating $1.4B Sale of UBS London HQ and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, Li Ka-shing’s CK Asset is said to be entertaining offers for UBS’s London headquarters building, Singapore plans a public tender for a development site near Marina Bay, and China Evergrande chairman Hui Ka… Read More>>
ESR Korean REIT Buys Greater Seoul Logistics Hub for $94M
Not yet six months old, ESR Kendall Square REIT has added its second warehouse in the past week, as Korea’s first publicly listed logistics trust continues to build its portfolio.
The KRX-listed trust announced late Thursday that it had completed… Read More>>
Gordon Wu’s Hopewell Reportedly Selling Kowloon East Complex for $1.3B
Hong Kong’s commercial property market got a jolt Thursday after a report broke that Hopewell Holdings, controlled by billionaire Gordon Wu, had agreed to sell the Kowloonbay International Trade and Exhibition Centre for HK$10 billion ($1.3 billion).
No official announcement… Read More>>
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