Hong Kong heavyweights CK Asset and Henderson Land post profit drops tied to revaluation losses on investment properties, with that story leading today’s headline roundup. Also making the list, India’s Adani Group eyes a developer acquisition and London-listed asset manager… Read More>>
GIC Industrial JV Buys Vancouver Project for $100M and More Asia Real Estate Headlines
GIC teams with a Canadian REIT to buy a North Vancouver industrial project, with that deal leading today’s headline roundup. Also in the news, Singtel’s Nxera secures financing for a Singapore data centre and Temasek’s SeaTown lends $100 million to… Read More>>
NTT Said to Secure Banks for $1B Singapore Data Centre REIT
Asia’s data centre boom could bring the Singapore Exchange (SGX) its biggest initial public offering (IPO) since 2021, as one of the world’s largest data centre providers is reportedly moving forward with plans for a real estate investment trust (REIT)… Read More>>
Hongkong Land Said to Weigh Sale of MCL Unit and More Asia Real Estate Headlines
Jardine Matheson’s Hongkong Land Holdings is reportedly considering the sale of its Singapore-based MCL Land unit, with that story leading today’s headline roundup. Also in the news, a French investor mulls a Singapore healthcare REIT and CapitaLand Investment expands its… Read More>>
NTT Data Buys Johor Site From Malaysia’s Tropicana for $88M
The IT services arm of Japanese telecom giant NTT has acquired an expanse of land in Malaysia’s southern Johor state for MYR 383 million ($88 million).
Malaysian developer Tropicana Corp on Monday signed a sale and purchase agreement with NTT… Read More>>
Far East Consortium Bucks Trend With 31% Profit Rise and More Asia Real Estate Headlines
Far East Consortium leads today’s headline roundup as the Hong Kong developer outshines its peers with a hefty profit increase. Also making the list, Joseph Lau’s Chinese Estates eyes exits from key London assets and Japan’s NTT preps a domestic… Read More>>
Tokyo New Home Prices Continue to Slide and More Asia Real Estate Headlines
A three-month skid in Tokyo’s average home price leads Mingtiandi’s headline roundup today as condo values slide in the city’s central wards. Singapore’s Mapletree also makes the news with a US student housing disposal and a mainland tenant gets a… Read More>>
Japan’s NTT Said in Talks to Buy Stake in Philippines’ PLDT Data Centres for $750M
Philippine telco giant PLDT, is said to be in talks to sell nearly a half stake in its data centre business to Japanese telecom group NTT in a deal that would potentially value the digital infrastructure unit at $750 million,… Read More>>
NTT UD REIT Upping Stake in Tokyo Mixed-Use Complex With $99M Investment
Japan’s NTT UD REIT has agreed to increase its 15 percent interest in a Tokyo mixed-use complex to 34.2 percent via a JPY 14.9 billion ($99 million) stake acquisition from the trust’s sponsor.
The complex, known as Granpark, is a… Read More>>
NTT Opens 22MW Data Centre at Second Campus in India’s Noida
NTT Ltd has launched its second data centre campus in India’s National Capital Region, with the company completing delivery of a 22.4-megawatt facility as the first stage of the complex in Noida.
Dubbed Noida 2, the 6 acre (2.4 hectare)… Read More>>