In today’s roundup of regional news headlines, a fading fashion tycoon loses an office floor in Hong Kong’s Central as receivers shop the property, and China’s central bank will reportedly dangle cheap loans as an incentive to buy developer bonds.
Australia’s NextDC Said Bidding for Global Switch APAC Assets
A new entrant has emerged in the race to acquire data centre giant Global Switch Holdings, with Australia’s NextDC reportedly readying a bid for the Asia Pacific portfolio of the Chinese-controlled firm.
ASX-listed NextDC, which owns and operates 14 data… Read More>>
Blackstone, KKR Said Bidding for Global Switch and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, data centre firm Global Switch reportedly draws takeover interest from a pair of private equity titans, US property giant Hines picks up a third build-to-rent site in Melbourne, and trading in Chinese developer… Read More>>
CapitaLand Enters China Data Centre Market with $560M SH Hyperscale Buy
Singaporean developer CapitaLand will acquire its first hyperscale server facility in China, spending RMB 3.66 billion ($560 million) to pick up a four-building campus in Shanghai’s Minhang district.
The 55-megawatt facility is managed by mainland data centre operator Daily Tech… Read More>>
Digital Realty, Global Switch Launch New Data Centres in Singapore, Hong Kong
Asia Pacific’s server-hosting capacity got a boost on Thursday as a pair of global players announced the launch of their latest data centres in Singapore and Hong Kong.
US-based Digital Realty opened its third data centre in the city-state and… Read More>>
Data Centre Player Global Switch Fishes for Buyers and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, a UK data centre operator’s Chinese owners consider selling out, a Korean sovereign wealth fund shakes up its leadership, and Hong Kong’s “Shop King” is sued over an unpaid debt.
Lendlease Picks Global Switch Vet to Lead $1B APAC Data Centre Push
Australian property giant Lendlease has hired former Global Switch managing director Sam Lee to head up its data centre platform in Asia Pacific.
With Lee overseeing operations from Singapore as Lendlease’s managing director of data centres, the developer plans to… Read More>>
Evergrande Sends Humbled Coach Cannavaro for Re-Education and More Asia Real Estate Headlines
A mainland developer leads the way in Mingtiandi’s roundup of Asia real estate headlines today with the news that the company has banished the boss of its football team after a string of bad results.
In other news around the… Read More>>
Chinese-Backed Data Centre Giant Aims for HK IPO at £9B Valuation
Just over two years after being acquired by a consortium of Chinese investors, UK data centre developer Global Switch is preparing for a stock market listing in Hong Kong later this year that could value it at more than £9… Read More>>
Ping An, Citic Bank and AVIC Trust Join $2.8B Investment in UK Data Centre Developer
Data centre developer Global Switch Limited announced last week that a consortium of Chinese investors including AVIC Trust and Hong Kong affiliates of China Citic Bank, Haoyue Capital and Jiangsu Sha Steel have agreed to pay £2.1 billion ($2.78 billion)… Read More>>