Bain Capital-backed Chinese hyperscale data centre operator Chindata Group is getting ready to make its debut on the New York Stock Exchange later this month, according to a report by Reuters on 1 September citing sources familiar with the planned… Read More>>
Swire, CDL and New World Take Home Prizes at ULI APAC Awards
Hong Kong’s Shui On Land, New World Development and Swire Properties, along with Singapore’s City Developments Limited, all came up winners at a real estate industry awards event held this week with the developers each taking home prizes from the… Read More>>
US Private Equity Firm Ties Up With Equinix Vets for $1B APAC Data Centre Fund
Asia Pacific’s fast-developing market for server hosting facilities got a bit more crowded last month as a New York-based private equity firm teamed up with a group of veteran tech executives to set up a $1 billion data centre platform,… Read More>>
Hong Kong Dominates with 54% of APAC Data Centre Investments in 2020
Data centre investment in Asia-Pacific climbed to $5.7 billion (HK$44 billion) between 2018 and 2020, a seven-fold increase over the growth recorded over the previous two year interval, according to new research by Cushman & Wakefield in Hong Kong.
In… Read More>>
Pontiac Land JV for Mayo Clinic Hotel Felled by Coronavirus
The Trump administration’s failure to contain the coronavirus has claimed another victim this week, and this one is located in one of America’s most esteemed medical institutions.
The Mayo Clinic announced today that its joint venture with Singapore’s Pontiac Land… Read More>>
Hotel REIT AGM Stalls After Director Removed, Auditors Decline to Back Books
Hopes for reviving a troubled Singapore hotel REIT have dropped to their lowest setting as security holders in Eagle Hospitality Trust today rejected two of three board resolutions at its annual general meeting, including a motion to raise capital for… Read More>>
Japanese Deals Help APAC Apartment Investments Triple in 2020 1H
While warehouses grabbed the property investment spotlight around Asia Pacific in 2020, transactions in a more traditional asset class more than tripled during the first half of the year, led by major institutions betting on one of the region’s core… Read More>>
Mainland Buyer Snaps Up Causeway Bay Hotel at 34% Off
A compact hostelry in Causeway Bay has become the latest Hong Kong property to change hands at a discount, with a mainland buyer picking up Le Petit Rosedale Hotel in the bustling shopping district for 34 percent below the seller’s… Read More>>
China’s Couples Marry Later as Home Ownership Customs Delay Weddings
Despite home prices having risen by more than half over the past decade, nearly 81 percent of mainland China residents in a recent survey say that couples should buy a home before marriage.
The poll published last week by property… Read More>>
Singapore’s Straits Trading Buys UK Business Park for £76.7M
Singapore’s Straits Trading has revived the island nation’s romance with UK real estate with an announcement late yesterday that it had purchased a business park near London for approximately £76.7 million ($101 million) in cash.
The SGX-listed investment firm purchased… Read More>>
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