Clues to Abu Dhabi’s recent data centre milestones may be emerging thanks to a Wall Street Journal report, with that story leading our look at real estate headlines from around Asia Pacific today. Geopolitics may also be behind Hong Kong’s… Read More>>
PGIM Teaming Up With Northstar to Buy Singapore Industrial Site From FEO for $95.2M
PGIM Real Estate is adding another Singapore property to its portfolio with the Prudential affiliate teaming up with a recently established investment manager in a deal to purchase an industrial facility near Tuas port from Far East Organization, according to… Read More>>
Coliwoo Buying Changi Hotel From ESR-REIT for $78.4M to Convert Into Co-Living
Singapore’s largest co-living operator is set to add 251 rooms to its portfolio through a deal to purchase a hotel near Changi airport for S$101 million ($78.4 million), according to an announcement late Friday.
Coliwoo, which listed on the SGX… Read More>>
Korea’s NPS Buying Incheon Shed From Straits Trading, IGIS for $300M
Singaporean conglomerate Straits Trading has agreed to sell its 47.3 percent stake in an Incheon warehouse in a deal valuing the asset at KRW 432 billion ($300 million), with market sources confirming the buyer as Capstone Asset Management on behalf… Read More>>
Japan’s KDDI Launches Service at 48MW Osaka AI Data Centre
Japanese telecom KDDI has begun operations at its AI data centre south of Osaka, less than 10 months after buying the former LCD factory site from Sharp for JPY 10 billion (then $68 million).
The 48-megawatt facility comprises 57,000 square… Read More>>
GDS’s DayOne Sounds Out Bankers on $20B US IPO and More APAC Real Estate Headlines
Data centre IPOs star in today’s look at real estate headlines from around the region, with China’s GDS testing US investor appetite for its offshore business and India set for its first listing of a pure-play operator. A Japan power… Read More>>
Singapore’s The Assembly Place Leaps 26% in Trading Debut as Rental Residential Heats Up
Shares of The Assembly Place made a strong trading debut Friday on the Singapore Exchange’s Catalist board, leaping 26.1 percent to close at S$0.29 ($0.23).
The co-living operator’s stock began trading at 9am under the symbol TAP and soared 34.8… Read More>>
Singapore Home Sales Jump 67% to Four-Year High as Price Growth Slows to 3.3%
Developer sales of new homes in Singapore surged 67 percent last year to 10,815 units, the highest annual total since 2021, but private home price growth eased to 3.3 percent, according to data released Friday by the Urban Redevelopment Authority.
Singapore’s Royal Holdings Seeks Buyer for $195M Orchard Road Shophouse Complex
A shophouse complex in Singapore’s Orchard Road retail belt has gone on the market less than two weeks after the launch of a collective sale next door at The Centrepoint mall and residences.
Cuppage Terrace consists of 17 adjoining shophouses… Read More>>
NextDC Wins Development Approval for $1.3B Melbourne Data Centre Campus
Australian data centre operator NextDC has secured development approval from the state of Victoria for a 150-megawatt digital infrastructure campus in Melbourne at an investment of A$2 billion ($1.3 billion).
The M4 campus will anchor the Fishermans Bend Innovation Precinct… Read More>>
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