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>>
Moody’s Cuts Ping An Property Arm to Junk and More Asia Real Estate Headlines
The continuing decay in China’s real estate sector leads today’s collection of headlines from around the region, with Moody’s downgrading one of the country’s largest developers to junk. Also making the list today, PGIM launches a tech-powered investment platform and… Read More>>
NTT to Develop $90M Data Centre in Thailand’s Eastern Economic Corridor
The IT infrastructure division of Japanese telecom group NTT is investing THB 3 billion ($90 million) to develop a 12-megawatt data centre as the company’s largest facility in Thailand.
Located 57 kilometres (35.4 miles) from central Bangkok at Amata City… Read More>>
Evergrande Winding-Up Case Kicked to November and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, a court case on China Evergrande’s potential winding-up is adjourned until November, sales at a high-profile housing project in Hong Kong’s Kai Tak launch at a 10 percent discount, and Swire Properties zeroes… Read More>>
Korea’s Mirae Buys 8 Amazon Warehouses for $520M and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, South Korean investor Mirae acquires eight Amazon-leased US warehouses, the Thai billionaire who controls Singapore-listed Frasers Hospitality Trust reportedly plans to take the REIT private, and Chinese developer Sunac moves to delay an… Read More>>
NTT Opens 45MW Data Centre East of Jakarta as Largest Project in Indonesia
Japanese telecom group NTT announced late last week that it had opened its newest and largest data centre in Indonesia, aiming to meet the requirements of hyperscalers and high-end enterprises in Southeast Asia’s biggest economy.
Located in Bekasi, about 30… Read More>>