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.
GIC Invests in $1.3B Angelo Gordon NYC Project and More Asia Real Estate Headlines
Singapore’s $100 billion sovereign wealth fund leads today’s real estate headlines from around Asia as GIC picks up an unspecified stake in a $1.3 billion Angelo Gordon project in Brooklyn.
Empty shopping malls also make the news with some of… Read More>>
Cromwell E-REIT Sells Euro Sheds to Blackstone for €66M and More Asia Real Estate Headlines
European real estate assets lead the way in Mingtiandi’s roundup of Asia real estate headlines today with the news that Blackstone has purchased a portfolio of light industrial and logistics properties on the continent from a Singapore-listed REIT.
In other… Read More>>
Singapore REIT Launches S$102M Offering to Fund Aussie Buy and More Asia Real Estate Headlines
Australia leads the way in Mingtiandi’s roundup of real estate headlines today with the news that a Singapore-listed REIT has launched a preferential offering to raise funds to acquire a grade A office in Adelaide.
In other news around the… 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>>
Casino Developer Landing Intl Sinks 45% on HK Exchange After Chairman Detained
Landing International Development, a Hong Kong-listed casino builder, reported to the Hong Kong Stock Exchange on Thursday that the company is unable to contact its 47-year-old chairman Yang Zhihui, who controls 50.48 percent of the company.
According to a report… Read More>>
IKEA Opens First India Store in Hyderabad and More Asia Real Estate Headlines
India looms large in the region’s real estate world today as the subcontinent gets its first IKEA shop, and one of the country’s biggest landlords unveils a 1.1 million square metre lease just before it launches India’s first REIT with… Read More>>
Thailand’s Minor Buys $226M Stake in Spain’s NH Hotels and More Asia Real Estate Headlines
A cross-border hospitality deal leads today’s news roundup, with Minor International, operator of 22 hotels in Thailand, buying a major stake in a 382-property European hotel chain. Also in the headlines, a pair of Chinese construction firms once blacklisted by… 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>>