…and 2023. A new high of 415 megawatts in fresh supply is scheduled to come online this year across the key markets of Frankfurt, London, Amsterdam and Paris, the property services firm said. Aside from the Dutch properties, Keppel DC REIT’s European portfolio comprises two assets in Germany (both in Frankfurt), two in the UK (one in London), two in Ireland and one in Italy. Another SGX-listed trust, Ascendas REIT, announced in March that it was ac…
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Data Centre Sustainability in Focus for MTD TV Panel Tuesday
…m concluded, MTD TV will be back in October with the Office Strategies Forum 2021, which will feature speakers from Allianz Insurance, Hines, JLL, Baker McKenzie and more. Then in November, Asia’s leading online video channel for real estate information will feature the Mingtiandi Proptech Forum 2021 with details on speakers and topics for that event to be released in the coming weeks….
Efficiency, Design and Green Power Key to Data Centre Sustainability: MTD TV APAC Data Centre Forum 2021
…rastructure with solar or wind power. These three strategies for a greener online future were explored in-depth during the fourth session of the Data Centre Forum on MTD TV, which is sponsored by Yardi and attracted some 280 registrants from around the region. Green Goals in Sync According to BDx’s Yew, the economies of scale enabled by professionally managed data centres can cut the energy burden that otherwise would be shouldered by companies op…
Alibaba-Backed Red Star Macalline in Talks to Sell Controlling Stake to Xiamen SOE
…n additional 10 percent share in the company, as part of a strategy by the online shopping behemoth to leverage its technology and cash resources in brick-and-mortar commerce. Just months after Alibaba’s investment, Red Star decided to pursue a new challenge by launching its own real estate agency under the name Macalline Aijia, according to local media reports. Falling Revenue Fitch had downgraded Red Star Macalline to a “B” rating from “BB” in S…
Alibaba-Backed Red Star Macalline Being Bought Out by Xiamen SOE
…stake in the mall behemoth in 2019, as part of a strategy to leverage the online shopping pioneer’s digital resources in the world of brick-and-mortar retail. Mall Giant Struggles In September of last year, Fitch Ratings withdrew its credit rating for Red Star Macalline, citing the holding company’s weak liquidity position and declining occupancy in the group’s pandemic-battered malls. The ratings agency noted that the mainland holding firm faced…
Wanda Led China’s Commercial Developers Again in 2022 with 7% Growth
…akened by 0.2 percent in 2022, mainly due to the impact of COVID-19, while online retail sales grew 4 percent, according to official figures. Property brokerage CBRE found that net retail space absorption across the mainland was down 64 percent year-over-year in the third quarter, while shopping mall rents declined 0.7 percent compared to the third quarter of 2021. In the office market, net absorption across 18 major cities totalled 550,000 square…
Adani Loses $9.4B in Value on Short-Sale Report and More Asia Real Estate Headlines
…to CoStar for $3B Rupert Murdoch’s News Corp is in talks to sell its Move online real estate business to CoStar Group. Move is the parent of Realtor.com and other property-related websites. The deal is worth about $3 billion, according to people familiar with the matter, who asked not to be identified discussing private matters. The sale could be announced within days, one of the people said. Read more>> Almost Half of Pune’s Grade A Office Stock…
IGIS Asia Closes 2nd Data Centre Fund at $151M
…ce, 3PL, retail and cold storage firms as Korean retail continues to shift online. Founded in mid-2020, IGIS AIM is an overseas subsidiary of real estate-focused Korean investment giant IGIS Asset Management, which IREI ranked last year as the second-largest manager of Asian real estate behind GLP, with a $33.25 billion portfolio. Data centres account for 5 percent of the parent company’s domestic investments at present, with mixed-use properties…
Brookfield, Digital Realty Kick Off India Data Centre and More Asia Real Estate Headlines
…dia on 2 February, the billionaire Gautam Adani appeared in a video posted online to reassure his investors: Everything will be fine. For days, the shares of companies in his mighty Adani Group conglomerate had been in a tailspin. The selloff was triggered by a damning report published by a US activist short seller — an investor that bets on the prices of assets falling, then tries to make that happen by taking its case to the public. Read more>>…
JD.com Warehouse REIT Raises $260M From Shanghai IPO
…d off risks,” JD.com said in Wednesday’s blog post. China’s second-largest online retailer by sales after Alibaba Group, JD.com operated a nationwide network of over 1,300 warehouses through its logistics services arm, JD Logistics, at the end of 2021, according to the company’s most recent annual report. Including “cloud warehouses” operated by third-party warehouse owner-operators, the NASDAQ-listed firm had a logistics network spanning over 24…
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