Asia Real Estate News Tracker, Asia Real Estate Tracker

Asia Real Estate Tracker

Asia Real Estate News Tracker

Tracking developments across Asia's regional real estate markets

Equity Bottom-Up

Cushman & Wakefield plc / Equity Bottom-Up

<ul><li>Temasek-backed Tikehau partners with Nikko AM to launch new Asia investment management joint venture, expanding their presence in the region.</li><li>STT GDC commences construction on a 16MW data center in Johor, demonstrating growth in data infrastructure in Malaysia.</li><li>Digital Edge CEO Samuel Lee resigns, former legal officer assumes leadership of the data centre platform, amidst continued investment in Australian logistics market.</li></ul>

Temasek-backed Tikehau partners with Nikko AM to launch new Asia investment management joint venture, expanding their presence in the region.STT GDC commences construction on a 16MW data center in Johor, demonstrating growth in data infrastructure in Malaysia.Digital Edge CEO Samuel Lee resigns, former legal officer assumes leadership of the data centre platform, amidst continued investment in Australian logistics market.

Asia Real Estate Tracker (26-Feb-2025): Temasek's Tikehau & Nikko AM JV in Asia.

Henderson Land Development / Equity Bottom-Up

<ul><li>Lee Shau-Kee, the founder of Henderson Land, has passed away at the age of 97, leaving a significant legacy in the property industry.</li><li>Despite stimulus efforts, the Chinese property market continued to decline in February, posing challenges for investors and developers in the region.</li><li>Singapore experienced a surge in home sales, driven by demand for suburban projects, while M&amp;G remains optimistic about the Japanese multi-family market and Australian student accommodations.</li></ul>

Lee Shau-Kee, the founder of Henderson Land, has passed away at the age of 97, leaving a significant legacy in the property industry.Despite stimulus efforts, the Chinese property market continued to decline in February, posing challenges for investors and developers in the region.Singapore experienced a surge in home sales, driven by demand for suburban projects, while M&amp;G remains optimistic about the Japanese multi-family market and Australian student accommodations.

Asia Real Estate Tracker (18-Mar-2025): Henderson Land founder Lee Shau-Kee dies at 97.

Far East Consortium International / Equity Bottom-Up

<ul><li>Far East Consortium sold a UK hotel to AMTD IDEA Group for $57M, expanding the latter's presence in the hospitality industry.</li><li>Qingjian and CCCC made a joint bid of $234M for a Singapore site, highlighting the competitive nature of real estate acquisitions in the region.</li><li>C&amp;W reports that the APAC data center market will require a substantial $116B in funding to support its growing pipeline of projects.</li></ul>

Far East Consortium sold a UK hotel to AMTD IDEA Group for $57M, expanding the latter's presence in the hospitality industry.Qingjian and CCCC made a joint bid of $234M for a Singapore site, highlighting the competitive nature of real estate acquisitions in the region.C&amp;W reports that the APAC data center market will require a substantial $116B in funding to support its growing pipeline of projects.

Asia Real Estate Tracker (05-Mar-2025): HK's Far East Consortium sells UK hotel project for $57M.

<ul><li>Global capital flowing into Australian logistics market as it reaches turning point, attracting investments.</li><li>Japan REIT makes deals in Tokyo, buying Tokyo Tower for $120M and selling office block for $62M.</li><li>CapitaLand India Trust acquires Bengaluru offices for $170M after project funding, expanding its portfolio.</li></ul>

Global capital flowing into Australian logistics market as it reaches turning point, attracting investments.Japan REIT makes deals in Tokyo, buying Tokyo Tower for $120M and selling office block for $62M.CapitaLand India Trust acquires Bengaluru offices for $170M after project funding, expanding its portfolio.

Asia Real Estate Tracker (25-Feb-2025): Global capital flows boost Australian logistics market.

SGX Market Strategist, Equity & Fixed Income, Singapore Exchange Ltd (SGX)

Geoff Howie

SGX Market Strategist, Equity & Fixed Income

Asia’s leading multi-asset exchange

Singapore Exchange Ltd (SGX)

Singapore Exchange is Asia’s leading and trusted market infrastructure, facilitating the exchange of capital and ideas to create value for people, businesses and economies. As a multi-asset exchange operating equity, fixed income and derivatives markets to the highest regulatory standards, SGX is a vertically integrated business that provides listing, trading, clearing, settlement, depository and data services.

With about 40% of listed companies and over 80% of listed bonds originating outside of Singapore as well as established linkages across the region and in Europe, SGX is Asia’s most international and connected exchange. Offering a full suite of derivatives products across Asian equity indices, commodities and currencies, SGX is the world’s most liquid international market for the benchmark equity indices of China, India, Japan and ASEAN.

As Asia’s pioneering central counterparty, SGX is globally recognised for its risk management and clearing capabilities, and was one of the first globally to adopt the Principles for Financial Market Infrastructure.

Headquartered in AAA-rated Singapore, SGX has over 800 employees including offices in Beijing, Chicago, Hong Kong, London, New York, Mumbai, San Francisco, Shanghai and Tokyo.

CapitaLand Ascendas REIT / Equity Bottom-Up

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The data centre industry has experienced tremendous growth in the past 2 years, as businesses are faced with a sudden and increased need for greater cloud capacity to enable work-from-home arrangements.

According to Cushman &amp; Wakefield's 2022 Global Data Center Market Comparison report, the top 10 markets with the greatest capacity under development include London, Northern Virginia, Silicon Valley, Atlanta, Chicago, Dublin, Hong Kong, Phoenix, Singapore and Jakarta.

The report also highlighted the 3 main types of challenges and responsibilities that data centre operators face. These include the ability to source for renewable energy, the ability to develop better methods of cooling servers and the ability to design more efficient facilities to meet the sustainability goals of clients and governments. 
In Singapore, data centres accounted for 7 per cent of Singapore's total electricity consumption in 2020.

Earlier this year, the moratorium on new data centres in Singapore was lifted, with certain criteria on energy efficiency.

Minister for Trade and Industry, Gan Kim Yong had said that the government had "to find a way to manage the growth of data centres in a sustainable manner consistent with our climate change commitments". 
SGX lists several Reits with substantial data centre assets, including Mapletree Industrial Trust,  Ascendas Reit and 2 pure play data centre Reits - Keppel DC Reit and Digital Core Reit.  
Keppel DC Reit (KDCReit), Asia's first pure-play data centre Reit, has 21 properties located across 9 countries in Asia-Pacific and Europe.

The Reit also has the right of first refusal for S$2 billion of potential data centre assets for acquisitions through its sponsor, Keppel T&amp;T as well as Keppel's private data centre funds.

In its most recent FY21 results, KDCReit posted a record high portfolio occupancy of 98.3 per cent and announced distribution per unit (DPU) of 9.851 cents, representing a 7.4 per cent year-on-year growth.

The Reit has also committed to progressively reduce its combined Scope 1 and Scope 2 emissions with an aim to halve it by 2030 from a 2019 baseline.

It also aims to introduce renewable energy to at least 50 per cent of its colocation assets by 2030, as well as encourage the use of renewable energy at all other portfolio assets.

Digital Core Reit, which listed on the SGX in 2021, has a portfolio of 10 data centres across the United States and Canada.

The Reit's core strategy includes investing in high-quality assets with strategic locations generating long-term pricing power and well-maintained physical structure.

Digital Core Reit has projected a DPU of 4.18 US cents for FY2022 and guided for a 5.3 per cent DPU growth in FY2023.

The Reit has committed to delivering sustainable growth for all stakeholders and aims to reduce Scope 1 and 2 emissions by 68 per cent and Scope 3 emissions by 24 per cent by 2030. REIT Watch is a weekly column on The Business Times,<a href="https://www.businesstimes.com.sg/companies-markets/singapore-office-s-reits-poised-to-benefit-from-positive-rental-momentum-0"> </a><a href="https://www.businesstimes.com.sg/companies-markets/data-centre-s-reits-committed-to-sustainable-growth-0">read</a><a href="https://www.businesstimes.com.sg/companies-markets/singapore-office-s-reits-poised-to-benefit-from-positive-rental-momentum-0"> </a>the original version.
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    Tenant breakdown


The data centre industry has experienced tremendous growth in the past 2 years, as businesses are faced with a sudden and increased need for greater cloud capacity to enable work-from-home arrangements.

According to Cushman &amp; Wakefield's 2022 Global Data Center Market Comparison report, the top 10 markets with the greatest capacity under development include London, Northern Virginia, Silicon Valley, Atlanta, Chicago, Dublin, Hong Kong, Phoenix, Singapore and Jakarta.

The report also highlighted the 3 main types of challenges and responsibilities that data centre operators face. These include the ability to source for renewable energy, the ability to develop better methods of cooling servers and the ability to design more efficient facilities to meet the sustainability goals of clients and governments.  
In Singapore, data centres accounted for 7 per cent of Singapore's total electricity consumption in 2020.

Earlier this year, the moratorium on new data centres in Singapore was lifted, with certain criteria on energy efficiency.

Minister for Trade and Industry, Gan Kim Yong had said that the government had "to find a way to manage the growth of data centres in a sustainable manner consistent with our climate change commitments".  
SGX lists several Reits with substantial data centre assets, including Mapletree Industrial Trust,  Ascendas Reit and 2 pure play data centre Reits - Keppel DC Reit and Digital Core Reit.   
Keppel DC Reit (KDCReit), Asia's first pure-play data centre Reit, has 21 properties located across 9 countries in Asia-Pacific and Europe.

The Reit also has the right of first refusal for S$2 billion of potential data centre assets for acquisitions through its sponsor, Keppel T&amp;T as well as Keppel's private data centre funds.

In its most recent FY21 results, KDCReit posted a record high portfolio occupancy of 98.3 per cent and announced distribution per unit (DPU) of 9.851 cents, representing a 7.4 per cent year-on-year growth.

The Reit has also committed to progressively reduce its combined Scope 1 and Scope 2 emissions with an aim to halve it by 2030 from a 2019 baseline.

It also aims to introduce renewable energy to at least 50 per cent of its colocation assets by 2030, as well as encourage the use of renewable energy at all other portfolio assets.

Digital Core Reit, which listed on the SGX in 2021, has a portfolio of 10 data centres across the United States and Canada.

The Reit's core strategy includes investing in high-quality assets with strategic locations generating long-term pricing power and well-maintained physical structure.

Digital Core Reit has projected a DPU of 4.18 US cents for FY2022 and guided for a 5.3 per cent DPU growth in FY2023.

The Reit has committed to delivering sustainable growth for all stakeholders and aims to reduce Scope 1 and 2 emissions by 68 per cent and Scope 3 emissions by 24 per cent by 2030.  REIT Watch is a weekly column on The Business Times, read the original version.



REIT Watch - Data centre S-Reits committed to sustainable growth

United States

Cushman & Wakefield plc operates as a commercial real estate company. The Company develops commercial properties, as well as provides property leasing, facilities management, tenant representation, and valuation services. Cushman & Wakefield serves clients worldwide.

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Cushman & Wakefield plc (CWK US)

Asia Real Estate Tracker (26-Feb-2025): Temasek's Tikehau & Nikko AM JV in Asia.

Tikehau partners with Nikko AM for Asia investment, STT GDC building 16MW data center in Johor, Digital Edge CEO steps down, Australian logistics...

Asia Real Estate Tracker

Asia Real Estate Tracker (18-Mar-2025): Henderson Land founder Lee Shau-Kee dies at 97.

Lee Shau-Kee, founder of Henderson Land, passes away at 97 while Chinese property market struggles, Singapore home sales surge, and M&G shows...

Asia Real Estate Tracker

Asia Real Estate Tracker (05-Mar-2025): HK's Far East Consortium sells UK hotel project for $57M.

Far East Consortium sells UK hotel, Qingjian and CCCC bid for Singapore site, APAC data center pipeline needs $116B funding.

Asia Real Estate Tracker

Asia Real Estate Tracker (25-Feb-2025): Global capital flows boost Australian logistics market.

Major investments and partnerships in the logistics, real estate, and rental housing sectors across Australia, Tokyo, Bengaluru, Hong Kong, and...

Asia Real Estate Tracker

REIT Watch - Data centre S-Reits committed to sustainable growth

The data centre industry has experienced tremendous growth in the past 2 years, as businesses are faced with a sudden and...

Singapore Exchange Ltd (SGX)

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