Keppel powers ahead for AI-ready data centre
THE private fund, Keppel Data Centre Fund II, has pushed forward with Mitsui Fudosan to purchase an AI-ready data centre in Tokyo, which is specifically positioned to meet the needs…
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Megaworld targets luxury market in Puerto Princesa
FILIPINO property developer Megaworld Corporation has unveiled plans to construct its first upscale residential condominium within the Baytown Palawan township. The Baytown Palawan estate, developed in partnership with Suntrust Properties,…
KLK and AME join forces to develop Selangor industrial hub
MALAYSIAN plantation and property company Kuala Lumpur Kepong (KLK) is set to tap into industrial property development through a new joint venture with AME Elite Consortium. The partnership plans to…
Ichigo Hotel upgrades outlook following Hiroshima property sale
THE Ichigo Hotel REIT has disposed of its Valie Hotel Hiroshima property for JPY1.785 billion and at the same time, upgraded its revenue and profit forecast. The sale will result…
Hong Kong investor makes booking in Tokyo
HONG Kong-based AB Capital continues to expand in Japan with the acquisition of its eighth property in Tokyo. AB has acquired the Ai Hotel Keikyu Kamata-ekimae in Tokyo, the fourth…
Hanwha Solutions merges with real estate business
KOREAN conglomerate Hanwha Solutions will merge with the KRW1.32 trillion Hanwha Global Asset Corporation, in a strategic move to bolster the parent company’s position in its industrial and real estate…
GDS to invest MYR1bn in Malaysia data centre
HOT on the heels of securing US$1 billion from US institutional investors, global digital infrastructure player GDS International announced it will invest MYR1 billion to establish a robust data centre…
Foxconn expands in China
FOXCONN, one of Apple’s largest suppliers and manufacturing partners, has acquired a strategic site in Zhengzhou, the capital of Henan Province in central China. The company has acquired the leasehold…
Emperor Entertainment sells HK hotel
EMPEROR Entertainment Hotel has divested a Hong Kong serviced apartment for HK$701 million. The property was acquired by Spring Investment Property and includes the property for HK$267.7 and the transfer…
Seashore makes big splash for Bangkok data centre
THAI cloud services and digital infrastructure group Seashore Data Centre has acquired a multi-storey facility in Bangkok for THB833.2 million. The OTT DC project located at 818 Soi Srinakarin 8…
Innolux makes significant profit from Nanjing sale
LCD manufacturer Innolux Corporation has sold a major manufacturing facility in Nanjing, the capital of Jiangsu Province in eastern China for a significant profit. Innolux has sold the properties located…
Godrej launches into Kharghar market
INDIAN real estate developer Godrej Properties has emerged as the highest bidder for a prime land parcel in Kharghar, a thriving node in the Mumbai Metropolitan Region. The company secured…
Gamuda awarded MYR451m Cyberjaya data centre project
MALAYSIAN infrastructure and engineering firm Gamuda has secured a major contract to deliver a new data centre in the Silicon Valley of Malaysia. The MYR451.4 million contract was awarded by…
Keppel REIT appoints new CEO
KEPPEL REIT has appointed Chua Hsien Yang as the new chief executive officer, to take over from Koh Wee Lih, who has taken up a new role as managing director,…
Blackstone readapt Korean office into hotel
GLOBAL investment manager Blackstone has snapped up an office building in South Korea’s capital of Seoul, with plans to redevelop a hotel. Blackstone in partnership with Blue Cove Asset Management,…
Mah Sing and Bain Capital expand exposure to Malaysia data centre
PROPERTY developer Mah Sing Group and US private equity giant Bain Capital-backed Bridge Data Centres have strengthened their relationship further, teaming up again to develop hyperscale data centres within Southville…
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