Colt Data Centre Services on Thursday announced the launch of a 120-megawatt facility in Navi Mumbai as the British company’s first project in India.
Occupying 15 acres (6.1 hectares) of land, the data centre will be built to Tier 3… Read More>>
China Home Price Slide Accelerates and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, official stats reveal China’s deepening home price skid, and developer Sino-Ocean suspends debt payments for lack of ready cash. Also making waves are ESR’s new logistics park in India and Fantasia’s restructuring deal.
Sino Land JV Wins Kai Tak Plot with Bargain $680M Bid in Depressed Hong Kong Market
A consortium led by local builder Sino Land has won a tender for a residential plot in Hong Kong’s Kai Tak area with a bid of HK$5.35 billion ($680 million), representing a nine-year low for a government land premium at… Read More>>
Sumitomo Buying Central Mumbai Plot for $626M in City’s Priciest Land Deal
Japan’s Sumitomo Realty & Development has agreed to buy a 22 acre (8.9 hectare) land parcel in central Mumbai from Bombay Dyeing and Manufacturing for INR 5,200 crore ($626.3 million).
Bombay Dyeing, a unit of India’s Wadia Group conglomerate, said… Read More>>
EdgeConneX Gets Green Loans for Jakarta Builds and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, data centre developer EdgeConneX announces sustainability-linked financing for its Indonesian projects, and India’s Reliance Retail works to meet a fundraising goal with support from sovereign investors. Meanwhile, troubled Chinese homebuilder Country Garden faces… Read More>>
Hines Greater China Boss Cormier Thielke Joins Prologis to Lead Asia Investment
Hines veteran Claire Cormier Thielke has left her post as the US developer’s head of Greater China to join logistics giant Prologis as its chief investment officer for Asia.
Thielke, who started her new role on 1 September, will oversee… Read More>>
Fragmented Regimes Challenge APAC Data Centre Sustainability: Nuveen
As growing requirements for information processing drive long-term demand for data centre space, Asia Pacific’s diverse political geography will present challenges for investors seeking to reach sustainability targets, according to a report from Nuveen.
APAC’s co-location data centre market is… Read More>>
China Property Credit PIcked as Biggest Global Risk and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, a survey reveals investor fears that China’s property woes could trigger a systemic credit event, and South Korea’s flag carrier plans to sell Hawaii hotel assets. Also making the cut are a fund… Read More>>
GuocoLand, CDL Enter Top Bids for Lentor Central, Champions Way URA Sites
Property heavyweights GuocoLand and City Developments Ltd submitted the highest bids for two separate northern Singapore projects as the Urban Redevelopment Authority closed the tender for the sites on Tuesday.
For the 1.47 hectare (3.63 acre) site at Lentor Central,… Read More>>
EdgeConneX Enters Malaysian Data Centre Market with 300MW Project Pipeline
Data centre platform EdgeConneX on Monday announced its entry into Malaysia with a plan to develop 300 megawatts of capacity across three locations.
EdgeConneX, a hyperscale specialist backed by Swedish private equity firm EQT, aims to build facilities in the… Read More>>