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>>
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>>
Hong Kong’s Cassette King Sells Stake in the Center at 35% Off
One of the most prominent members of an investment consortium which paid a record $5.15 billion to purchase an office building in Hong Kong’s Central district in November 2017 has just sold a chunk of his holdings in the 73-storey… Read More>>
GLP Launches $2.6B Open-Ended Japan Logistics Fund
GLP today announced the launch of a JPY 280 billion ($2.6 billion) Japan logistics vehicle as demand for warehouse assets in core markets continues to grow among institutional investors.
The company, which is the second-largest logistics developer in the world… Read More>>
CEO of Cromwell-Backed Data Centre Platform Previously Convicted of Stealing From Clients
Australia’s Cromwell Property Group appeared to have latched onto a hot opportunity last month when it announced a new investment platform, together with a pair of partners, that would soon invest $1 billion in Europe’s fast-growing data centre sector.
However,… Read More>>
Logos Enters Vietnam with $350M Logistics Development JV
Logistics development specialist Logos Property has entered the Vietnam market with a $350 million joint venture with an unnamed global institutional investor, according to an announcement by the Sydney-based firm today.
The ARA Asset Management-backed warehouse builder and fund manager,… Read More>>
Hong Kong’s Billionaire Shop King Sued for HK$12M in Back Rent
Tang Shing-Bor, known in Hong Kong as the “Shop King” has hit a patch of legal trouble after failing to pay more than HK$12 million ($1.5 million) in rent, according to local news reports.
The owners of a building at… Read More>>
CDL Steps Up SG Redevelopment Projects as Profit Falls 99%
Real estate giant City Developments Ltd (CDL) is stepping up plans to redevelop its older commercial buildings in Singapore’s central business district after the COVID-19 pandemic dragged the group’s net profit in the first six months of the year.
CDL… Read More>>
Gaw Capital Raises $900M for Education, Property Deals
Hong Kong-based property investment firm Gaw Capital Partners has won a fresh investment mandate totaling $900 million, the company announced in a statement this week.
The capital commitment, which comes from an unnamed institutional investor, will be… Read More>>
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