PAG has become the latest international fund manager to set up a new data centre in the Philippines, with the Hong Kong-based investment group on Tuesday announcing a joint venture with the Southeast Asian country’s largest property developer, Ayala Land.
Singapore’s SpaceDC Enters The Philippines With 72MW Data Centre
Data centre provider SpaceDC is developing a 72 megawatt hyperscale campus in the eastern Greater Manila area as its first Philippine project, as the Singapore firm aims to build the country’s first green server hosting facility.
The data centre developer… Read More>>
Seoul Office Deals Hit Record $14B in 2021 and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, JLL reports that Seoul office deal volume hit a record level last year, creditors move to seize the assets of the firm at the centre of Amazon’s legal battles in India, and a… Read More>>
Digital Edge Enters the Philippines With 10MW Data Centre Project
Singapore-based Digital Edge has formed a $100 million joint venture with a Philippine real estate firm to build a 10 megawatt data centre in the Greater Manila area to supply the growing server hosting needs of a burgeoning tech sector.
Singapore’s Fortuna Hotel Put Up for Sale at S$98.8M and More Asia Real Estate Headlines
Some sizable Singapore asset sales are in the top drawer of today’s roundup of news headlines from around the region. Elsewhere, Chinese giant Xiaomi is making a bet on smart home systems, while the fading online casino craze has… Read More>>
Philippine Co-Working Startup Wins Backing From CIMB-Mitsubishi Fund
Filipino co-working operator KMC has won fresh financial backing from a Malaysian-Japanese investment fund, according to an announcement today by the Manila-based firm.
KMC, a unit of the company which operates property agency KMC Savills, said that it will use… Read More>>
Mainland Gaming Firms Lease 30% of New Manila Office Space and More Asia Real Estate Headlines
Any property investment has an element of risk, but games of chance appear to have become a primary driver of Manila’s real estate market, as China’s gambling fans take up nearly a third of the Filipino capital’s new office space… Read More>>
Chinese Gamblers Boost Manila Property Market and More Asia Real Estate Headlines
Leading today’s roundup, Philippine President Rodgrigo Duterte has opened the gates for offshore gambling operations and the result has been a Chinese-fuelled run on Manila property. And with casinos already firmly established in Singapore, the city-state’s residents are now continuing… Read More>>
JLL Picks up Project and Construction Management Firm JCL in Manila
Global real estate consultancy JLL is boosting its operations in the Philippines by scooping up a Manila-based project and construction management firm with over 40 staff.
JLL has acquired JCL International, which is led by senior partners John Morgan and… Read More>>
Donald Trump Puts a Scare into Manila Office Market and More Asia Real Estate Headlines
Donald Trump rode into office promising to shake things up and the new US president’s economic powers may have already hit the Philippines, or at least he’s having an impact on the island nation’s rebounding office market. Elsewhere in southeast… Read More>>
