Less than two months after announcing an agreement to buy Hong Kong-based PCCW’s data centre business for $750 million, the fund manager formerly known as Colony Capital is consolidating its APAC server facility business under its Vantage Data Centers… Read More>>
Richard Li’s PCCW Selling Data Centres to Colony Capital Successor for $750M
Hong Kong-based telecom operator PCCW is selling its data centre business to DigitalBridge, a New York Stock Exchange-listed real estate investment trust that was known as Colony Capital until one month ago, for $750 million, according to a notice to… Read More>>
Li Ka-shing’s Son Richard to Sell Beijing Property for $900M
The real estate arm of Richard Li’s PCCW announced this week that it is close to selling a Beijing office building for a price put by sources close to the deal at US$900 million, as the Hong Kong princeling follows his father’s lead in selling off China property assets.
The move by Hong Kong based Pacific Century Premium Developments Ltd (PCPD), follows soon after the younger Li’s father, Li Ka-shing sold the Nanjing IFC in eastern China’s Jiangsu province on January 1st