A senior-level promotion at developer Hines’s Greater China operation leads Mingtiandi’s roundup of personnel moves this week, with Shenzhen-based Kaisa Group adding more than the usual level of drama by appointing a 22-year-old daughter of group chairman Kwok Ying Shing… 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>>
Asia Real Estate People in the News 2021-05-10
Board moves at a pair of Singapore-listed giants lead this week’s roundup of personnel moves on Mingtiandi, as CapitaLand and the manager of Keppel REIT both name new independent, non-executive directors. There are also senior leadership changes at data centre… Read More>>
Equinix Opens Tokyo Project as First Asian Hyperscale Data Centre in $3B Expansion
Data centre provider Equinix on Tuesday revealed that it has opened its first hyperscale facility in Asia as part of a planned $3 billion global expansion.
Dubbed TY12x, the project in Chiba prefecture — just northeast of Tokyo — is… Read More>>
JD, Carlyle Said Bidding for CJ’s China Logistics and More Asia Real Estate Headlines
In today’s serving of regional news headlines, investors including one of China’s largest e-commerce operators, and a US private equity powerhouse are said to be bidding for the assets CJ Rokin’s China business, as the South Korean firm moves on… Read More>>
Evergrande Services IPO Said to Raise $1.8B and More Asia Real Estate Headlines
In today’s edition of Mingtiandi’s regional news roundup, Hong Kong-listed Evergrande’s property services spin-off reportedly raises $1.8 billion from its IPO, property developer China Overseas Land & Investment acquires a Zhuhai plot for a record amount, and South Korea’s Hana… Read More>>
Equinix Spent $252M Buying Singapore, India Data Centres Last Week
As demand for cloud services heats up in Asian markets, data centre developer and operator Equinix has struck a deal to purchase a server facility in Singapore, just days after purchasing a pair of similar properties in India.
In Singapore,… Read More>>
GIC Plugs into $1B Japan Data Centre JV with Equinix
GIC has set up a joint venture worth more than $1 billion with data centre provider Equinix to develop hyperscale server facilities in Japan, just nine months after the two parties established a separate $1 billion joint venture to build… Read More>>
SG Hotel Revenues Plunge 40% in February and More Asia Real Estate Headlines
Empty rooms lead the way in Mingtiandi’s roundup of Asia real estate headlines today with the news that Singapore’s average hotel occupancy fell to 51 percent in February, triggering a 40 percent plunge in revenues.
In other news around the… Read More>>
GIC, Equinix and Lendlease Announce $2B in Data Centre Ventures in Two Days
Cloud providers like Google, Microsoft and Alibaba, which house armies of servers in huge bit barns, demonstrated their appeal to real estate investors in Asia Pacific again this week, with two $1 billion data centre partnerships announced in two days.