A set of Singapore moves dominates this week’s list of human resources updates from Asia’s real estate community, led by Keppel DC REIT naming a new independent director, and PAG adding a managing director to its team in the city…. Read More>>
Keppel DC REIT Acquisitions Boost Distributions and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, Singapore-listed Keppel DC REIT reports 2.5 percent year-on-year growth in its distribution per unit for the first half of 2022, as Mapletree Industrial Trust posts a 4.2 percent boost and CapitaLand China Trust… Read More>>
Keppel DC REIT Buying Pair of Guangdong Data Centres for $210M
Keppel DC REIT is buying a pair of data centres in Guangdong province for RMB 1.38 billion ($210 million) from Hong Kong-listed data centre operator Neo Telemedia, expanding its footprint in one of China’s major technology hubs.
The manager of… Read More>>
Keppel DC REIT Unit Price Slides After Revenue, Income Drop in Q1
Keppel DC REIT’s stock price has dropped by seven percent since Tuesday after the manager of the SGX-listed trust reported declines in both net property income and revenue in the first quarter compared to the initial three months of 2021.
Chinese Developer Zhenro Defaults for First Time and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, Chinese developer Zhenro announces its first default after missing interest payments on two offshore bonds, Vanke founder Wang Shi files for a Hong Kong-listed SPAC, and mainland banks suspend mortgage payments for borrowers… Read More>>
Shimao Said Selling $12B in Assets and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, Shimao’s stock and bonds jump on reports that the embattled mainland developer is selling dozens of projects across China, while compatriot Evergrande urges holders of its offshore debt to avoid aggressive legal action… Read More>>
Shimao Asks for Repayment Delay on $183M in Debt and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, cash-strapped Shimao Group seeks an extension for repayments on asset-backed securities, private equity bigfoot Blackstone raises its offer for Australia’s Crown Resorts a third time, and Singapore’s Metro Group forms an investment alliance… Read More>>
Keppel DC REIT Expands UK Portfolio With Purchase of Vodafone Facility
Keppel DC REIT has added a third UK property to its portfolio through a £57 million ($76.45 million) acquisition announced this week, as it faces new competition on the Singapore Exchange.
The Singaporean trust has agreed to buy a freehold… Read More>>
Metro JV Buys Aussie Shopping Centre for $99M and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, a joint venture featuring Singapore’s Metro Holdings buys an Australian shopping centre, shares of Evergrande’s EV unit jump after chairman Xu Jiayin touts a long-term plan to make electric cars the group’s main… Read More>>
Keppel DC REIT Invests in $430M JV to Operate M1 Network Infrastructure in Singapore
Keppel DC REIT is expanding into the network infrastructure space under the terms of a deal announced late last week between its sponsor, Keppel Corporation, and Singapore Press Holdings which creates a new jointly held firm to hold telecom operator… Read More>>