European insurance giant Allianz did not have to look too far for the new head of its real estate unit for Asia Pacific, with company representatives informing Mingtiandi on Wednesday that it has hired NPS veteran Scott Kim to replace… Read More>>
Suit Filed as Receivers Relaunch Sale of Hong Kong’s Goldin Financial Global Centre
A mysterious businessman who has been said to be in the process of buying the Goldin Financial Global Centre (GFGC) since late 2020 filed suit this week in an attempt to block the sale of the Kowloon East trophy tower… Read More>>
AirTrunk to Build 110MW Tokyo Data Centre as Second Japan Hyperscale Facility
AirTrunk on Monday announced plans to build its second hyperscale data centre in Japan, with the Tokyo facility raising the Macquarie-backed operator’s capacity to 410 megawatts in the country and 1.2 gigawatts across Asia Pacific.
The new data centre, known… Read More>>
China Lockdowns Boost Warehouse Market: LaSalle, SC, C&W and Baker Mac on MTD TV Asia Logistics Forum 2022
https://player.vimeo.com/video/710664964?h=62a9beb83eVideo can’t be loaded because JavaScript is disabled: Mingtiandi Asia Logistics Forum 2022: Logistics Investment in China (https://player.vimeo.com/video/710664964?h=62a9beb83e)
Despite Chinese cities returning to stringent lockdowns to contain the recent spike in coronavirus cases, a panel of… Read More>>
Country Garden, Longfor, Midea Selling $295M in Bonds to Prop Up Industry
Mainland developers Country Garden Holdings, Longfor Group and Midea Real Estate Holdings announced plans Monday to issue domestic bonds, with the combined RMB 2 billion ($295.4 million) barrage of local financing seen by analysts as a government-sponsored attempt to stimulate… Read More>>
New World Buying 6 China Logistics Properties From Goodman for $337.2M
Much of China’s economy may be locked down, but the country’s warehouse market remains active, with New World Development’s infrastructure investment subsidiary agreeing to purchase six mainland logistics properties from a fund managed by Australia’s Goodman Group for RMB 2.29… Read More>>
China and Japan Markets Focus of Mingtiandi Logistics Forum This Week
Mingtiandi’s Asia Logistics Forum 2022 continues this week with panel sessions focusing on the region’s two largest markets, China and Japan.
Following the forum’s opening session last week with ESR-REIT and JLL, a panel at 10:00 AM Hong Kong time… Read More>>
Indonesia’s Sinar Mas Buying London Building From Landsec for $238M
SGX-listed Sinar Mas Land has rejoined the wave of Asian investment into the UK capital with a deal to buy a central London commercial building for £195 million ($238 million).
The developer controlled by Indonesia’s Widjaja family, which is famed… Read More>>
Link REIT to Acquire Three Yangtze River Delta Sheds for $139M
Link REIT has agreed to purchase a portfolio of three warehouses in the Yangtze River Delta for RMB 947 million ($139.3 million), as Asia Pacific’s largest listed trust returns to mainland China for its second-ever logistics acquisition.
The set consists… Read More>>
Mapletree Industrial Trust Eyes Full Ownership of $1.8B American Data Centre Portfolio
After buying a 50 percent stake in a portfolio of 13 North American data centres two years ago, Mapletree Industrial Trust has seen the value of those assets grow by over 31 percent and is ready to acquire… Read More>>
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