Asia real estate and outbound investment news
Singapore-listed Keppel DC REIT has agreed to acquire its first data centre in China, a fully-fitted facility in Guangdong province, for RMB 635.9 million ($98 million), as mainland assets continue to attract investors assembling regionwide server-hosting portfolios.
Situated within the… Read More>>
Germany’s Patrizia Immobilien has appointed former Mitsubishi real estate executive Katsumi Nakamoto as its new president and representative director in Japan, according to an announcement by the Augsburg-based fund manager.
Previously the president and chief executive of Diamond Realty Management,… Read More>>
Hong Kong-based telecom operator PCCW is selling its data centre business to DigitalBridge, a New York Stock Exchange-listed real estate investment trust that was known as Colony Capital until one month ago, for $750 million, according to a notice to… Read More>>
Singapore sovereign wealth fund GIC has teamed up with Swiss private equity firm Partners Group and Melbourne-based hospitality operator Salter Brothers to acquire a portfolio of 11 Travelodge hotels in Australia with a gross asset value of A$620 million ($457.3… Read More>>
Hong Kong’s Gaw Capital Partners on Friday announced the launch of a Singapore-based joint venture company, Data Center First, with a project in the nearby Indonesian city of Batam.
Industry veteran Wong Ka Vin leads Data Center First as co-founder… Read More>>
A pair of Singapore residential sites attracted competitive bidding from developers late last week as the city-state’s housing market continues to benefit from investor confidence, as shown by rising home prices and recovering sales volumes in Southeast Asia’s most expensive… Read More>>
The day after several banks were reported to have stopped offering mortgages for unfinished units at China Evergrande’s Hong Kong residential projects, the mainland’s most-indebted developer scored a rare win by resolving a dispute with one of its creditors.
China… Read More>>
Alibaba’s vice chairman Joseph Tsai has seen his company’s stock price take a beating this year, but that hasn’t stopped him from buying the third most expensive home in American history.
The billionaire e-commerce entrepreneur and Jack Ma running buddy… Read More>>
Colliers International has appointed Ramesh Nair as chief executive for India and managing director of market development for Asia, the latest personnel move in what’s shaping up to be a busy hiring season at the agency.
Nair joins Colliers after… Read More>>
JLL is affirming its commitment to a tech-driven transformation with the hiring of venture capitalist Bessie Lee as the property consultancy’s chief executive for Greater China, succeeding KK Fung as he assumes his new role of chairman.
Based in Shanghai,… Read More>>
