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>>