Distress in Korea’s property market leads Mingtiandi’s first headline roundup of 2024, with the parent of one of the country’s largest construction firms filing a debt workout plan. Also in the news, the Guangzhou city government is getting… Read More>>
State-Owned Mainland Investor Buying Control of Vnet Data Centres in $299M Deal
A state-run mainland investor is buying $299 million of new shares in Chinese data centre operator Vnet in a deal that will hand control of the Blackstone and GIC-backed company to the Shandong provincial government company.
A pair of subsidiaries… Read More>>
Asia Real Estate People in the News 2023-07-31
A new hire at a top US fund manager and an upgrade at one of Canada’s largest pension fund managers lead this week’s survey of personnel moves around Asia’s real estate industry, with a Beijing-based data centre operator and a… Read More>>
Poly, Vanke Win Shanghai Development Sites and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, some of China’s biggest developers bag plots in Shanghai’s maiden land sale of the year, and Fitch withdraws its ratings on Blackstone-backed data centre firm VNET. Also making the list is an industrial… Read More>>
Evergrande Creditors Extend Deadline on Domestic Bond and More Asia Real Estate Headlines
Turmoil in mainland China’s property sector leads the real estate news from around the region again today as the country’s biggest developer gets more time to pay debts and two of the world’s largest credit agencies withdraw ratings on seven… Read More>>
Asia Real Estate People in the News 2022-09-19
China’s challenging real estate markets continue to generate churn this week, with one of the country’s top data centre operators announcing a change in chief executives, and a Shenzhen-based developer continuing to name new directors at some of its largest… Read More>>
China Data Centre Founder Makes Buyout Offer and More Asia Real Estate Headlines
Vnet, a mainland data centre operator backed by Blackstone has received its third buyout offer this year, with that proposal leading the region’s real estate news today. Also in the headlines, data from August shows home sales and prices continuing… Read More>>
Blackstone-Backed Chinese Data Centre Operator VNET Gets Unsolicited Buyout Offer
China’s VNET Group has received an unsolicited offer from two mainland companies to acquire all of the outstanding ordinary shares of the Blackstone-backed data centre developer, whose beaten-down stock exemplifies the recent woes of US-listed Chinese tech firms.
Investment manager… Read More>>
Blackstone Doubles Down on China Data Centre Bet With $250M Investment in VNET
Blackstone will invest a further $250 million in Beijing-based data centre developer VNET Group, as the US private equity giant looks to jump-start a bet that has suffered in the wake of China’s crackdown on domestic firms listing on American… Read More>>