ST Telemedia Global Data Centre (STT GDC) is set to expand its portfolio in its biggest market, with digital infrastructure player’s India arm confirming plans to invest an estimated INR 3.5 billion ($400 million) to build a new data centre… Read More>>
Henderson Selling Kowloon Commercial Project to Miramar Hotel Unit for $400M
Twelve months after securing ownership of an ageing building in Hong Kong’s Tsim Sha Tsui district, Henderson Land has scrapped plans for a new commercial tower and is selling the property to the developer’s Miramar Hotel and Investment unit for… Read More>>
CapitaLand Investment Shifts Tan to Commercial REIT, Hires Yong to Lead Malaysia Trust
Singapore’s CapitaLand Investment is moving the boss of its Malaysia REIT, Tan Choon Siang, to a new role as deputy CEO at CapitaLand Integrated Commercial Trust, effective 1 February.
Tan is to assist CICT CEO Tony Tan in managing all… Read More>>
Francis Law Sells Kowloon Retail Podium for 67% Below Pre-Pandemic Price
Real estate investor Francis Law has completed the HK$880 million ($113 million) sale of a Kowloon retail podium to City University of Hong Kong, with the property changing hands at a 67 percent discount to its pre-pandemic guide price.
The… Read More>>
Vanke CEO Arrested as Shenzhen Officials Take Charge of Developer: Reports
China Vanke president and CEO Zhu Jiusheng was reportedly arrested Wednesday by public security authorities, with the troubled developer’s operations now said to be in the hands of Shenzhen government officials.
Zhu’s detention was the subject of online media accounts… Read More>>
ESR Launches JV With CloudHQ to Complete $2B Osaka Data Centre Campus
ESR has brought in a partner to help get its Osaka data centre campus to the finish line, teaming with US builder CloudHQ on the $2 billion Cosmosquare project.
The companies will jointly build, fit out and operate Cosmosquare to… Read More>>
Macquarie Asset Management to Invest Up to $5B in Crypto Firm Turned Data Centre Startup
Less than a month after selling its majority stake in Asia Pacific server-hosting giant AirTrunk, Macquarie Asset Management has agreed to provide up to $5 billion in funding for US data centre startup Applied Digital.
Under the deal terms, a… Read More>>
Scape Wins $434M Investment From Korea’s NPS for Living Sector Platform
Australia’s biggest owner-operator of student housing, Scape, has secured a A$700 million ($434.3 million) equity commitment from South Korea’s National Pension Service for a suite of living sector investment strategies, the parties announced Thursday.
The partnership with the $800 billion… Read More>>
Singapore’s Ho Bee Land Takes on Proprium Capital with $242M Offer for Aussie Builder
With Australia already accounting for more than a third of business, Singapore property player Ho Bee Land on Wednesday made a A$390.7 million ($242.3 million) bid to add a local developer to its presence Down Under.
Ho Bee Land made… Read More>>
Santarli, Apex Make $368M Top Bid for Western Singapore Residential Site
The Urban Redevelopment Authority on Tuesday announced tender results for two western Singapore residential sites, with a consortium led by Santarli Realty and Apex Asia Development entering the top bid of S$504.5 million ($368.1 million) for the plot at Dairy… Read More>>
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