Data center REITs likely to list in Malaysia soon: Report
Developers in Malaysia with data center assets are increasingly looking at Real Estate Investment Trust (REIT) listings to monetise their completed assets, de-gear, unlock synergies and optimize portfolios, according to the latest Maybank IBG Research note. Among such developers is S.P. Setia Berhad (SPSB) which plans to seed its proposed REIT with industrial build-to-rent assets […]
HCMC sets up task force to expedite US$ 2 billion data center
Ho Chi Minh City People’s Committee has recently set up a 15-member strong task force to expedite regulatory approvals and compliance fulfilment for the US$ 2 billion SGI-HCM AI data center campus to be co-developed by Kinh Bac City Development Holding Corporation and its foreign partner, Accelerated Infrastructure Capital (AIC). Led by Lam Dinh Thang, […]
Lum Chang inks deal with MyTelehaus to build data center in Petaling Jaya, Malaysia
Singapore-based property developer Lum Chang Holdings Limited has through its joint venture firm in Malaysia, Lum Chang Tien Wah Property Sdn. Bhd. signed an agreement with Malaysia-based data center specialist, MyTelehaus Sdn. Bhd. to jointly develop and operate a data centre in Petaling Jaya, Selangor, the company announced in an exchange filing yesterday. Under the […]
DayOne secures US$ 2 billion Series C financing for global expansion
Singapore-headquartered hyperscale data center platform DayOne Data Centers Limited yesterday announced that it has obtained over US$ 2 billion dollar in Series C equity financing from a consortium of American, European and Asia-Pacific investors led by existing investor, Coatue supported by Indonesia’s sovereign wealth fund, Indonesia Investment Authority (INA), amongst others. The financing, which stands […]
AirTrunk mulls US$1 billion REIT listing in Singapore
Australia-based data center operator AirTrunk, is considering a potential real estate investment trust (REIT) listing in Singapore this year, which could raise more than US$ 1 billion, according to Bloomberg last week, quoting people familiar with the matter. AirTrunk is said to have held initial discussions with prospective advisers and a listing is possible this […]
SunCon clinches US$ 235 million Johor data center jobs from US firm
Sunway Construction Sdn Bhd, a wholly-owned subsidiary of Sunway Construction Group Berhad, has been awarded two data center jobs in Johor worth a combined RM 956 million (US$ 235 million) from a United States-headquartered multinational technology corporation, the company announced in two separate Bursa filings last week. The first job entailed the core and shell […]