The top stories of 2022 continue some top themes of the old year, with China Evergrande telling investors in its wealth management products that they will have to wait for repayment and mainland developers facing near $200 billion credit obligations… Read More>>
Equinix Enters India with Completion of $161M Mumbai Data Centre Deal
Equinix has added two Mumbai data centres to its flagship platform after completing the acquisition of GPX Global Systems’ India operations, thus officially planting a flag in one of the fastest-growing countries for server-hosting facilities.
Under the deal first announced… Read More>>
Brookfield Buys Mumbai-Area Data Centre Site for $81M and More Asia Real Estate Headlines
India leads today’s roundup of regional news headlines, with Canada’s Brookfield securing land near Mumbai for a data centre site, Singapore’s Xander upping its Chennai warehouse space, and Google Cloud announcing a new cloud region in Delhi NCR. China Evergrande… Read More>>
Colliers Hires Former JLL Country Head Ramesh Nair as India CEO
Colliers International has appointed Ramesh Nair as chief executive for India and managing director of market development for Asia, the latest personnel move in what’s shaping up to be a busy hiring season at the agency.
Nair joins Colliers after… Read More>>
GIC to Acquire Minority Stake in $733M Phoenix Mills India Portfolio
Indian mall developer Phoenix Mills has secured a second deal with a deep-pocketed global investor in less than a week, this time entering into a strategic partnership with Singapore’s GIC.
The sovereign wealth fund will acquire “a significant minority stake”… Read More>>
APG Boosts Godrej Indian Office Platform to $250M First Closing
Godrej Fund Management (GFM), the real estate private equity arm of Mumbai-based Godrej Group, on Monday announced the $250 million first closing of its $500 million office development platform, GBTC II, with cornerstone investor APG Asset Management kicking in $200… Read More>>
China Caps Bank Lending to Developers and More Asia Real Estate Headlines
Mainland China took another step today to clamp down on credit to real estate developers as the central government rolled out set limits on bank lending to the industry.
Also in the news, unitholders in Singapore’s troubled… Read More>>
Hong Kong Site Sale Cancelled After Lowball Bids and More Asia Real Estate Headlines
The continuing slide of Hong Kong’s commercial property market leads today’s news from around the region, as a government auction of a commercial site near the city’s airport was cancelled after attracting just three bids — all of which fell… Read More>>
Cartier Closes Hong Kong Boutique Amid Luxury Slump and More Asia Real Estate Headlines
Hong Kong is back to work after last week’s holiday, but the city’s real estate market doesn’t seem to be able to catch a break with Tsim Sha Tsui losing its Cartier shop as retail woes continue.
In a crisis… Read More>>
Equinix Spent $252M Buying Singapore, India Data Centres Last Week
As demand for cloud services heats up in Asian markets, data centre developer and operator Equinix has struck a deal to purchase a server facility in Singapore, just days after purchasing a pair of similar properties in India.
In Singapore,… Read More>>